Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mrs L M Aplin 10/12/2024 01/02/2021 Mrs C Ashley 28/07/2017 Mr D B Isaac 03/07/2019 Mr A K Richardson 19/12/2024 28/07/2017 Miss S Sharp 15/03/2019 Mrs D J Tobin 19/12/2024 25 March 2026 The principal activity of the Company during the financial year was the provision of legal services. 10887751 2025-03-31 10887751 bus:Director1 2025-03-31 10887751 bus:Director2 2025-03-31 10887751 bus:Director3 2025-03-31 10887751 bus:Director4 2025-03-31 10887751 bus:Director5 2025-03-31 10887751 bus:Director6 2025-03-31 10887751 2024-03-31 10887751 core:CurrentFinancialInstruments 2025-03-31 10887751 core:CurrentFinancialInstruments 2024-03-31 10887751 core:Non-currentFinancialInstruments 2025-03-31 10887751 core:Non-currentFinancialInstruments 2024-03-31 10887751 core:ShareCapital 2025-03-31 10887751 core:ShareCapital 2024-03-31 10887751 core:RetainedEarningsAccumulatedLosses 2025-03-31 10887751 core:RetainedEarningsAccumulatedLosses 2024-03-31 10887751 core:ComputerSoftware 2024-03-31 10887751 core:ComputerSoftware 2025-03-31 10887751 core:FurnitureFittings 2024-03-31 10887751 core:ComputerEquipment 2024-03-31 10887751 core:FurnitureFittings 2025-03-31 10887751 core:ComputerEquipment 2025-03-31 10887751 bus:OrdinaryShareClass1 2025-03-31 10887751 bus:OrdinaryShareClass2 2025-03-31 10887751 2024-04-01 2025-03-31 10887751 bus:FilletedAccounts 2024-04-01 2025-03-31 10887751 bus:SmallEntities 2024-04-01 2025-03-31 10887751 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10887751 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10887751 bus:Director1 2024-04-01 2025-03-31 10887751 bus:Director2 2024-04-01 2025-03-31 10887751 bus:Director3 2024-04-01 2025-03-31 10887751 bus:Director4 2024-04-01 2025-03-31 10887751 bus:Director5 2024-04-01 2025-03-31 10887751 bus:Director6 2024-04-01 2025-03-31 10887751 core:ComputerSoftware core:TopRangeValue 2024-04-01 2025-03-31 10887751 core:FurnitureFittings 2024-04-01 2025-03-31 10887751 core:ComputerEquipment 2024-04-01 2025-03-31 10887751 2023-04-01 2024-03-31 10887751 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 10887751 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 10887751 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 10887751 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10887751 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 10887751 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10887751 (England and Wales)

# BAKER ASHLEY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

BAKER ASHLEY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

BAKER ASHLEY LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
BAKER ASHLEY LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 18,637 |  | 19,580
|  | 18,637 |  | 19,580
Current assets |  |  |  |
Debtors | 5 | 165,749 |  | 128,224
Cash at bank and in hand |  | 46,185 |  | 637
|  | 211,934 |  | 128,861
Creditors: amounts falling due within one year | 6 | ( 487,528) |  | ( 390,582)
Net current liabilities |  | (275,594) |  | (261,721)
Total assets less current liabilities |  | (256,957) |  | (242,141)
Creditors: amounts falling due after more than one year | 7 | ( 377,406) |  | ( 457,972)
Net liabilities |  | ( 634,363) |  | ( 700,113)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | ( 634,463 ) |  | ( 700,213 )
Total shareholders' deficit |  | ( 634,363) |  | ( 700,113)

For the financial 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 financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Baker Ashley Limited (registered number: 10887751) were approved and authorised for issue by the Board of Directors on 25 March 2026. They were signed on its behalf by:

Mrs C Ashley Director |

BAKER ASHLEY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
BAKER ASHLEY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Baker Ashley Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5, First Floor Melin Corrwg Business Parc, Upper Boat, Pontypridd, CF37 5BE, Wales, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £634,363. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 25 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 28 |  | 27

#### 3. Intangible assets

| Computer software |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 6,800 |  | 6,800
At 31 March 2025 | 6,800 |  | 6,800
Accumulated amortisation |  |  |
At 01 April 2024 | 6,800 |  | 6,800
At 31 March 2025 | 6,800 |  | 6,800
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 4. Tangible assets

| Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 21,260 |  | 33,267 |  | 54,527
Additions | 141 |  | 4,378 |  | 4,519
At 31 March 2025 | 21,401 |  | 37,645 |  | 59,046
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 13,664 |  | 21,283 |  | 34,947
Charge for the financial year | 1,912 |  | 3,550 |  | 5,462
At 31 March 2025 | 15,576 |  | 24,833 |  | 40,409
Net book value |  |  |  |  |
At 31 March 2025 | 5,825 |  | 12,812 |  | 18,637
At 31 March 2024 | 7,596 |  | 11,984 |  | 19,580

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 48,340 |  | 21,901
Prepayments and accrued income | 117,409 |  | 83,058
Other debtors | 0 |  | 23,265
| 165,749 |  | 128,224

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 7,553 |  | 17,500
Trade creditors | 239,040 |  | 119,702
Amounts owed to directors | 0 |  | 19,000
Other loans | 12,222 |  | 0
Accruals | 5,860 |  | 9,511
Other taxation and social security | 218,804 |  | 217,697
Other creditors | 4,049 |  | 7,172
| 487,528 |  | 390,582

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 3,367 |  | 2,500
Amounts owed to directors | 198,289 |  | 439,827
Other loans | 175,750 |  | 15,645
| 377,406 |  | 457,972

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
50 Ordinary A shares of £ 1.00 each | 50 |  | 50
50 Ordinary C shares of £ 1.00 each | 50 |  | 50
| 100 |  | 100

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to Directors | 198,289 |  | 458,827

There are no set repayment terms and the accounts bear no interest.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts due to a previous Director | 187,972 |  | 0

Within this amount, a loan of £20,000 is being repaid in monthly instalments. Interest is being charged at 5.7% APR.