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 2020

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

8,427

9,480

Tangible assets

5

17,256

19,662

25,683

29,142

CURRENT ASSETS

Stocks

217,406

219,225

Debtors

6

26,604

24,276

Investments

7

14

14

Cash at bank and in hand

71,283

25,149

315,307

268,664

CREDITORS

Amounts falling due within one year

8

303,630

226,786

NET CURRENT ASSETS

11,677

41,878

TOTAL ASSETS LESS CURRENT LIABILITIES

37,360

71,020

CREDITORS

Amounts falling due after more than one year

9

25,000

-

NET ASSETS

12,360

71,020

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

12,357

71,017

SHAREHOLDERS' FUNDS

12,360

71,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 5 August 2021 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 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2019

and 30 September 2020

21,064

AMORTISATION

At 1 October 2019

11,584

Amortisation for year

1,053

At 30 September 2020

12,637

NET BOOK VALUE

At 30 September 2020

8,427

At 30 September 2019

9,480

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2019

33,908

37,218

71,126

Additions

1,201

-

1,201

At 30 September 2020

35,109

37,218

72,327

DEPRECIATION

At 1 October 2019

23,806

27,658

51,464

Charge for year

1,695

1,912

3,607

At 30 September 2020

25,501

29,570

55,071

NET BOOK VALUE

At 30 September 2020

9,608

7,648

17,256

At 30 September 2019

10,102

9,560

19,662

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

26,604

24,276

7.	CURRENT ASSET INVESTMENTS

30.9.20

30.9.19

£

£

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

30.9.20

30.9.19

£

£

Bank loans and overdrafts

-

25,656

Trade creditors

212,017

161,130

Taxation and social security

52,102

29,168

Other creditors

39,511

10,832

303,630

226,786

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Other creditors

25,000

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

3

Ordinary

£1

3

3

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £467 (2019 - £242) to the Directors of the company.

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

During the year dividends of £62,000 (2019 - £27,900) were paid to the Directors of the company.