REGISTERED NUMBER: NI067270 (Northern Ireland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BAKERSFIELD ENTERPRISES LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

S McKay

SECRETARY:

O Mc Kay

REGISTERED OFFICE:

17 Clarendon Road

Clarendon Dock

Belfast

BT1 3BG

REGISTERED NUMBER:

NI067270 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

BANKERS:

Santander UK plc

BBAM, Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,541

11,104

Investment property

6

105,173

105,173

124,714

116,277

CURRENT ASSETS

Stocks

146,753

135,916

Debtors

7

838,476

1,018,172

Cash at bank and in hand

624,104

384,822

1,609,333

1,538,910

CREDITORS

Amounts falling due within one year

8

409,995

383,250

NET CURRENT ASSETS

1,199,338

1,155,660

TOTAL ASSETS LESS CURRENT LIABILITIES

1,324,052

1,271,937

CREDITORS

Amounts falling due after more than one year

9

(173,575

)

(230,992

)

PROVISIONS FOR LIABILITIES

(3,710

)

(2,564

)

NET ASSETS

1,146,767

1,038,381

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,146,667

1,038,281

SHAREHOLDERS' FUNDS

1,146,767

1,038,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

S McKay - Director

1.	STATUTORY INFORMATION

Bakersfield Enterprises Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements in:

The determination of whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and business in general.

The carrying value of stock - stock represents goods for resale and is valued at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs necessary to make the sale. Provisions are made for obsolete and slow moving stock based on current and historical trading experience.

The directors also consider the depreciation rates and useful lives on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,415,823

AMORTISATION

At 1 April 2024

and 31 March 2025

1,415,823

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

Computer

& equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

77,594

15,750

12,411

105,755

Additions

4,700

-

8,258

12,958

At 31 March 2025

82,294

15,750

20,669

118,713

DEPRECIATION

At 1 April 2024

72,890

10,354

11,407

94,651

Charge for year

1,442

1,604

1,475

4,521

At 31 March 2025

74,332

11,958

12,882

99,172

NET BOOK VALUE

At 31 March 2025

7,962

3,792

7,787

19,541

At 31 March 2024

4,704

5,396

1,004

11,104

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

105,173

NET BOOK VALUE

At 31 March 2025

105,173

At 31 March 2024

105,173

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

157,906

148,627

Directors' current accounts

467,516

668,653

Tax

151,870

151,870

VAT

35,522

38,444

Prepayments and accrued income

25,662

10,578

838,476

1,018,172

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

75,107

75,107

Trade creditors

243,468

200,427

Tax

31,562

45,715

Social security and other taxes

42,956

45,824

Other creditors

5,425

8,358

Accrued expenses

11,477

7,819

409,995

383,250

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

75,107

75,107

Bank loans - 2-5 years

98,468

155,885

173,575

230,992

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

248,682

306,099

11.	ULTIMATE CONTROLLING PARTY

The company continues to be controlled by the director by virtue of his shareholding.