REGISTERED NUMBER: 03028997 (England and Wales)

Peter Baxter Associates Limited

Unaudited Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P J Baxter

SECRETARY:

J M Richardson

REGISTERED OFFICE:

Kestner Works

Bredgar Road

Gillingham

Kent

ME8 6PL

REGISTERED NUMBER:

03028997 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

124,904

128,321

CURRENT ASSETS

Debtors

5

72,735

154,967

Cash at bank and in hand

147,027

93,500

219,762

248,467

CREDITORS

Amounts falling due within one year

6

99,344

137,782

NET CURRENT ASSETS

120,418

110,685

TOTAL ASSETS LESS CURRENT LIABILITIES

245,322

239,006

CREDITORS

Amounts falling due after more than one year

7

-

(1,070

)

PROVISIONS FOR LIABILITIES

(7,983

)

(8,838

)

NET ASSETS

237,339

229,098

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

30,900

30,900

Retained earnings

205,439

197,198

SHAREHOLDERS' FUNDS

237,339

229,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 11 August 2026 and were signed by:

P J Baxter - Director

1.	STATUTORY INFORMATION

Peter Baxter Associates Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Income recognition

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains right to consideration and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Leasehold property is stated at cost less accumulated depreciation and impairment. The long leasehold interest represents a 999-year lease. Depreciation is provided so as to write off the cost of tangible fixed assets over their estimated useful economic lives or, where shorter, the remaining lease term.

The director has assessed the annual depreciation charge on the long leasehold interest and concluded that it is immaterial to the financial statements. Accordingly, no depreciation has been recognised in respect of this asset, as the effect on the financial statements is not material.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

92,971

158,940

251,911

Additions

-

6,249

6,249

At 31 March 2026

92,971

165,189

258,160

DEPRECIATION

At 1 April 2025

-

123,590

123,590

Charge for year

-

9,666

9,666

At 31 March 2026

-

133,256

133,256

NET BOOK VALUE

At 31 March 2026

92,971

31,933

124,904

At 31 March 2025

92,971

35,350

128,321

The long leasehold property was valued by the director on a fair value basis at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

62,376

145,720

Other debtors

10,359

9,247

72,735

154,967

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,412

4,510

Trade creditors

39,925

51,817

Taxation and social security

50,467

76,186

Other creditors

7,540

5,269

99,344

137,782

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,070

8.	SECURED DEBTS

The bank overdraft is secured by a fixed and floating charge over the property or undertaking of the company.