The Baby Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05560802 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

The Baby Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I C Mills

Mrs C Mills

J Mills

SECRETARY:

Mrs C Mills

REGISTERED OFFICE:

21 Temple Street

Keynsham

Bristol

BS31 1HF

REGISTERED NUMBER:

05560802 (England and Wales)

ACCOUNTANTS:

Moore

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Intangible assets

4

7,373

8,427

Tangible assets

5

11,362

17,256

18,735

25,683

CURRENT ASSETS

Stocks

196,082

217,406

Debtors

6

59,816

26,604

Investments

7

14

14

Cash at bank and in hand

44,765

71,283

300,677

315,307

CREDITORS

Amounts falling due within one year

8

303,499

303,630

NET CURRENT (LIABILITIES)/ASSETS

(2,822

)

11,677

TOTAL ASSETS LESS CURRENT LIABILITIES

15,913

37,360

CREDITORS

Amounts falling due after more than one year

9

-

25,000

NET ASSETS

15,913

12,360

CAPITAL AND RESERVES

Called up share capital

11

3

3

Retained earnings

15,910

12,357

SHAREHOLDERS' FUNDS

15,913

12,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2022 and were signed on its behalf by:

I C Mills - Director

1.	STATUTORY INFORMATION

The Baby Group Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2020 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2020

and 30 September 2021

21,064

AMORTISATION

At 1 October 2020

12,637

Amortisation for year

1,054

At 30 September 2021

13,691

NET BOOK VALUE

At 30 September 2021

7,373

At 30 September 2020

8,427

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2020

35,109

37,218

72,327

Additions

3,593

-

3,593

Disposals

-

(28,500

)

(28,500

)

At 30 September 2021

38,702

8,718

47,420

DEPRECIATION

At 1 October 2020

25,501

29,570

55,071

Charge for year

1,980

36

2,016

Eliminated on disposal

-

(21,029

)

(21,029

)

At 30 September 2021

27,481

8,577

36,058

NET BOOK VALUE

At 30 September 2021

11,221

141

11,362

At 30 September 2020

9,608

7,648

17,256

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

57,973

26,604

Other debtors

1,843

-

59,816

26,604

7.	CURRENT ASSET INVESTMENTS

30.9.21

30.9.20

£

£

Shares in group undertakings

14

14

The company owns 100% of the issued share capital of Baby & Co Ltd and Babys-Mart Ltd. Both companies are registered in England and Wales and are currently dormant.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

18,244

-

Trade creditors

205,151

212,017

Taxation and social security

71,844

52,102

Other creditors

8,260

39,511

303,499

303,630

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Other creditors

-

25,000

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.21

30.9.20

£

£

Within one year

6,240

-

Between one and five years

8,840

-

15,080

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

3

Ordinary

£1

3

3

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £96 (2020 - £467 to the Directors of the company.

This amount is unsecured, interest free and has no set date for repayment.

During the year dividends of £56,100 (2020 - £62,000) were paid to the Directors of the company.