REGISTERED NUMBER: 06533773 (England and Wales)

Financial Statements

for the Year Ended 30th December 2024

for

BAKER WILKINS AND SMITH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Siddons

SECRETARY:

T Siddons

REGISTERED OFFICE:

Chapter House

33 London Road

Reigate

Surrey

RH2 9HZ

REGISTERED NUMBER:

06533773 (England and Wales)

ACCOUNTANTS:

Cheeld Wheeler & Co

Chartered Certified Accountants

Redhill Chambers

2d High Street

Redhill

Surrey

RH1 1RJ

FIXED ASSETS

Intangible assets

4

804,374

1,051,874

Tangible assets

5

9,920

7,795

814,294

1,059,669

CURRENT ASSETS

Debtors

6

1,303,412

827,056

Cash at bank

224,651

11,699

1,528,063

838,755

CREDITORS

Amounts falling due within one year

7

1,967,640

2,248,647

NET CURRENT LIABILITIES

(439,577

)

(1,409,892

)

TOTAL ASSETS LESS CURRENT LIABILITIES

374,717

(350,223

)

CAPITAL AND RESERVES

Called up share capital

1,100,000

1,100,000

Retained earnings

(725,283

)

(1,450,223

)

SHAREHOLDERS' FUNDS

374,717

(350,223

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th September 2025 and were signed by:

T Siddons - Director

1.	STATUTORY INFORMATION

Baker Wilkins and Smith Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods and services provided during the course of the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Finance lease agreements

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in accordance with the depreciation policy shown above. Future instalments under such leases, net of finance charges, are included in creditors. Lease payments are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31st December 2023

and 30th December 2024

4,950,000

AMORTISATION

At 31st December 2023

3,898,126

Charge for year

247,500

At 30th December 2024

4,145,626

NET BOOK VALUE

At 30th December 2024

804,374

At 30th December 2023

1,051,874

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 31st December 2023

13,107

Additions

8,498

At 30th December 2024

21,605

DEPRECIATION

At 31st December 2023

5,312

Charge for year

6,373

At 30th December 2024

11,685

NET BOOK VALUE

At 30th December 2024

9,920

At 30th December 2023

7,795

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

876,566

719,099

Amounts recoverable on contract

390,274

83,033

Other debtors

36,572

24,924

1,303,412

827,056

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

20,170

Amounts owed to associates

548,968

391,557

VAT

4,900

6,143

Other creditors

-

42,357

Directors' current accounts

1,221,117

1,579,453

Accrued expenses

192,655

208,967

1,967,640

2,248,647

8.	RELATED PARTY DISCLOSURES

The company was held under the control of T Siddons, the director and shareholder of the company.

The company owes £548,968 to Baker Wilkins Limited, a company in which Mr Siddons is a director and ultimately the majority shareholder.