Company Registration No. 09377960 (England and Wales)
BAXTERS SUPPLIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2025
31 January 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
BAXTERS SUPPLIES LIMITED
COMPANY INFORMATION
Directors
Mrs S R Baxter
Mr A B Baxter
Company number
09377960
Registered office
266 Bolton Road
Aspull
Wigan
WN2 1PR
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
BAXTERS SUPPLIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BAXTERS SUPPLIES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
825,252
862,464
Current assets
Debtors
4
422,314
364,214
Cash at bank and in hand
425,429
382,214
847,743
746,428
Creditors: amounts falling due within one year
5
(205,325)
(284,547)
Net current assets
642,418
461,881
Total assets less current liabilities
1,467,670
1,324,345
Creditors: amounts falling due after more than one year
6
(4,409)
(14,929)
Provisions for liabilities
(184,089)
(192,223)
Net assets
1,279,172
1,117,193
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,279,072
1,117,093
Total equity
1,279,172
1,117,193

The notes on pages 3 to 5 form part of these financial statements.

BAXTERS SUPPLIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 October 2025 and are signed on its behalf by:
Mrs S R Baxter
Director
Company registration number 09377960 (England and Wales)
BAXTERS SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Baxters Supplies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 266 Bolton Road, Aspull, Wigan, WN2 1PR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Short leasehold
4% on cost
Plant and equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BAXTERS SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
9
3
Tangible fixed assets
Short leasehold
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2024
116,970
366,538
935,571
1,419,079
Additions
-
0
72,919
25,625
98,544
Disposals
-
0
-
0
(41,667)
(41,667)
At 31 January 2025
116,970
439,457
919,529
1,475,956
Depreciation and impairment
At 1 February 2024
23,395
154,109
379,111
556,615
Depreciation charged in the year
4,679
37,816
84,142
126,637
Eliminated in respect of disposals
-
0
-
0
(32,548)
(32,548)
At 31 January 2025
28,074
191,925
430,705
650,704
Carrying amount
At 31 January 2025
88,896
247,532
488,824
825,252
At 31 January 2024
93,575
212,429
556,460
862,464
BAXTERS SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
179,689
189,491
Other debtors
242,625
174,723
422,314
364,214
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,397
10,140
Trade creditors
12,652
23,117
Amounts owed to group undertakings
40,547
20,747
Taxation and social security
139,284
177,410
Other creditors
2,445
53,133
205,325
284,547
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
4,409
14,806
Other creditors
-
0
123
4,409
14,929
7
Secured debts

Hire purchase contracts totalling £0 (202 4 - £33,716) are secured over the tangible fixed assets to which they relate.

8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
A Baxter Loan
2.25
116,360
52,993
3,680
(5,486)
167,547
116,360
52,993
3,680
(5,486)
167,547
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