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Bax Construction Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2025
Appleby Mall Limited
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Statement of Financial Position
Registered number: 12906947
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,972 65,898
39,972 65,898
CURRENT ASSETS
Stocks 710,315 392,969
Debtors 1,014,324 266,081
Cash at bank and in hand 2,698 79,986
1,727,337 739,036
Creditors: Amounts Falling Due Within One Year (1,348,637 ) (501,245 )
NET CURRENT ASSETS (LIABILITIES) 378,700 237,791
TOTAL ASSETS LESS CURRENT LIABILITIES 418,672 303,689
Creditors: Amounts Falling Due After More Than One Year (19,513 ) (29,982 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (9,919 ) (16,440 )
NET ASSETS 389,240 257,267
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 389,239 257,266
SHAREHOLDERS' FUNDS 389,240 257,267
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For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 30 September 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
B T Anslow
Director
19 June 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Bax Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12906947 . The registered office is Access A, Castle Street, Wolverhampton, WV1 3AD.
The presentation currency of the financial statements is Pound Sterling (£) and are rounded to the nearest £1.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 5)
8 5
4. Tangible Assets
Total
£
Cost
As at 1 October 2024 114,084
Additions 6,949
Disposals (28,747 )
As at 30 September 2025 92,286
Depreciation
As at 1 October 2024 48,186
Provided during the period 16,902
Disposals (12,774 )
As at 30 September 2025 52,314
Net Book Value
As at 30 September 2025 39,972
As at 1 October 2024 65,898
5. Secured Creditors
Of the creditors the following amounts are secured.
Hire purchase contracts are secured over the assets to which they relate.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 23,365 40,806
6. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,125 10,824
Later than one year and not later than five years 15,240 29,982
23,365 40,806
23,365 40,806
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7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 9,919 16,440
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2024 16,440 16,440
Deferred taxation (6,521 ) (6,521 )
Balance at 30 September 2025 9,919 9,919
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 39,254 35,210
Later than one year and not later than five years 91,287 119,420
130,541 154,630
11. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 100,000 67,000
Dividends above include £nil (2024 - £67,000) paid to B T Anslow, the director of the company.
12. Ultimate Controlling Party
The company's ultimate controlling party is Benax Holdings Ltd .
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