W&V Baker Limited Filleted accounts for Companies House (small and micro)

W & V BAKER LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of W&V Baker Limited have consented to the preparation of the abridged income statement and the abridged statement of financial position for the year ending 30 September 2020 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 03454676

W&V Baker Limited

Filleted Unaudited Abridged Financial Statements

30 September 2020

W&V Baker Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of W&V Baker Limited

Year ended 30 September 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of W&V Baker Limited for the year ended 30 September 2020, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of W&V Baker Limited, as a body. Our work has been undertaken solely to prepare for your approval the abridged financial statements of W&V Baker Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W&V Baker Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that W&V Baker Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W&V Baker Limited. You consider that W&V Baker Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of W&V Baker Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.

MOORE GREEN Chartered accountants

22 Friars Street Sudbury Suffolk CO10 2AA

7 June 2021

W&V Baker Limited

Abridged Statement of Financial Position

30 September 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	5	163,364	163,621

Current assets

Debtors		6,067	6,085
Investments	6	27,059	38,173
Cash at bank and in hand		2,491	186
		--------	--------
		35,617	44,444

Creditors: amounts falling due within one year	981	1,692
	--------	--------
Net current assets	34,636	42,752
	---------	---------
Total assets less current liabilities	198,000	206,373
	---------	---------
Net assets	198,000	206,373
	---------	---------

Capital and reserves

Called up share capital	134,902	134,902
Profit and loss account	63,098	71,471
	---------	---------
Shareholders funds	198,000	206,373
	---------	---------

These abridged 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 abridged income statement has not been delivered.

For the year ending 30 September 2020 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 abridged 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 abridged financial statements .

W&V Baker Limited

Abridged Statement of Financial Position (continued)

30 September 2020

These abridged financial statements were approved by the board of directors and authorised for issue on 22 May 2021 , and are signed on behalf of the board by:

WJ Baker
Director

Company registration number: 03454676

W&V Baker Limited

Notes to the Abridged Financial Statements

Year ended 30 September 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Blessem Hall, Wickerstreet Green, Kersey, Ipswich, Suffolk, IP7 6EY.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

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

Investment income

Dividends received are accounted for on the basis of cash received plus the attributable tax credit.

Revenue recognition

Turnover represents sales and support income.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and Machinery	-	15% reducing balance

Freehold land and investment properties are not depreciated.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Tangible assets

	£
Cost
At 1 October 2019 and 30 September 2020	174,507
	---------
Depreciation
At 1 October 2019	10,886
Charge for the year	257
	---------
At 30 September 2020	11,143
	---------
Carrying amount
At 30 September 2020	163,364
	---------
At 30 September 2019	163,621
	---------

6. Investments

	2020	2019
	£	£
Other investments	27,059	38,173
	--------	--------

7. Directors' advances, credits and guarantees

There are no such transactions in the accounting period.

8. Controlling party

The company is controlled equally by the two directors, who own 100% of the company's allotted and fully paid share capital.