PERCE BAXTER & SON LTD

PERCE BAXTER & SON LTD
Contents Page
For the year ended 28 February 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

PERCE BAXTER & SON LTD Accountants' Report For the year ended 28 February 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 28 February 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. A1 Abacus 28 February 2025 .................................................... A1 Abacus Triquetra Lodge 6 Nightingale Walk Manea PE15 0GJ 28 November 2025 1

PERCE BAXTER & SON LTD
Accountants' Report
For the year ended 28 February 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
A1 Abacus
28 February 2025

....................................................

A1 Abacus
Triquetra Lodge
6 Nightingale Walk
Manea
PE15 0GJ
28 November 2025

1

PERCE BAXTER & SON LTD
Statement of Financial Position
As at 28 February 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	107,596	79,721
		107,596	79,721
Current assets
Stocks		16,941	16,941
Debtors		906,072	224,994
Cash at bank and in hand		148,751	149,813
		1,071,764	391,748
Creditors: amount falling due within one year		(836,957)	(186,287)
Net current assets		234,807	205,461

Total assets less current liabilities		342,403	285,182
Creditors: amount falling due after more than one year		(3,349)	(3,349)
Provisions for liabilities		(4,244)	(1,061)
Net assets		334,810	280,772

Capital and reserves
Called up share capital	4	4	4
Profit and loss account		334,806	280,768
Shareholders' funds		334,810	280,772

For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts 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 accounts.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 28 November 2025 and were signed on its behalf by:

-------------------------------
Percival George Baxter
Director

2

PERCE BAXTER & SON LTD
Notes to the Abridged Financial Statements
For the year ended 28 February 2025

General Information

PERCE BAXTER & SON LTD is a private company, limited by shares, registered in , registration number 07524231, registration address Horseway Farm, Horseway,, Byall Fen Drove, , Chatteris, PE16 6XQ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	15 Reducing Balance
Motor Vehicles	25 Reducing Balance
Computer Equipment	15 Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
At 01 March 2024	68,522	108,146	586	177,254
Additions	-	89,000	666	89,666
Disposals	-	(59,750)	-	(59,750)
At 28 February 2025	68,522	137,396	1,252	207,170
Depreciation
At 01 March 2024	35,757	61,399	377	97,533
Charge for year	4,915	36,869	114	41,898
On disposals	-	(39,857)	-	(39,857)
At 28 February 2025	40,672	58,411	491	99,574
Net book values
Closing balance as at 28 February 2025	27,850	78,985	761	107,596
Opening balance as at 01 March 2024	32,765	46,747	209	79,721

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
4 Class A shares of £1.00 each	4		4
	4		4

3

Registered Number: 07524231

PERCE BAXTER & SON LTD

Abridged Accounts

Period of accounts Start date: 01 March 2024 End date: 28 February 2025