Baker Friend Audit Limited 31/03/2025 iXBRL

Company registration number: 08961932

Baker Friend Audit Limited

Unaudited filleted financial statements

31 March 2025

Baker Friend Audit Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Baker Friend Audit Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Current assets
Debtors	4	162,645		50,320
Cash at bank and in hand		3,226		45,394
		_______		_______
		165,871		95,714
Creditors: amounts falling due
within one year	5	( 121,944)		( 73,411)
		_______		_______
Net current assets			43,927		22,303
			_______		_______
Total assets less current liabilities			43,927		22,303

			_______		_______
Net assets			43,927		22,303
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			43,827		22,203
			_______		_______
Shareholders funds			43,927		22,303
			_______		_______

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr Jeffrey Baker

Director

Company registration number: 08961932

Baker Friend Audit Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	100	-	100

Profit for the year		75,203	75,203
	_______	_______	_______
Total comprehensive income for the year	-	75,203	75,203

Dividends paid and payable		( 53,000)	( 53,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 53,000)	( 53,000)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	100	22,204	22,304

Profit for the year		103,273	103,273
	_______	_______	_______
Total comprehensive income for the year	-	103,273	103,273

Dividends paid and payable		( 81,650)	( 81,650)
	_______	_______	_______
Total investments by and distributions to owners	-	( 81,650)	( 81,650)

	_______	_______	_______
At 31 March 2025	100	43,827	43,927
	_______	_______	_______

Baker Friend Audit Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 32-33 Gosfield Street, LONDON, W1W 6HL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Business combinations

Business combinations relating to acquiring control of trade and assets to form one or more businesses are accounted for using the purchase method. The cost of a business combination is measured at the aggregate of the fair values, at the acquisition date, of assets given, liabilities incurred or assumed, and equity instruments issued plus any costs directly attributable to the business combination. Where control is achieved in stages, the cost of the business combination is the aggregate of the fair values of the assets given, liabilities incurred or assumed, and equity instruments issued at the date of each transaction in the series. Where the business combination requires an adjustment to the cost contingent on future events, the estimated amount of that adjustment is included in the cost of the combination at the acquisition date providing it is probable and can be measured reliably. Where it is not recognised at the acquisition date but subsequently becomes probable and can be measured reliably, the additional consideration is treated as an adjustment to the cost of the combination. If such expected future events do not occur, or the estimate needs to be revised, the cost of the business combination is adjusted accordingly. The unwinding of any discounting is recognised as a finance cost in profit or loss in the period it arises.

4. Debtors

	2025	2024
	£	£
Trade debtors	153,000	40,675
Other debtors	9,645	9,645
	_______	_______
	162,645	50,320
	_______	_______

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	26,000	-
Corporation tax	72,444	53,832
Social security and other taxes	18,500	19,579
Other creditors	5,000	-
	_______	_______
	121,944	73,411
	_______	_______

6. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2025	2024
	£	£
Mr Jeffrey Baker	5,124	5,124
	_______	_______