BakerBrown Studio Limited - Accounts

BakerBrown Studio Limited - Accounts

BAKERBROWN STUDIO LIMITED - Company Information

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Registered Number: 04597504
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2021

for

BAKERBROWN STUDIO LIMITED

BakerBrown Studio Limited
Contents Page
For the year ended 31 March 2021
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 11,809    5,630 
11,809    5,630 
Current assets      
Debtors: amounts falling due within one year 52,264    62,165 
Cash at bank and in hand 35,446    25,960 
87,710    88,125 
Creditors: amount falling due within one year (44,539)   (53,320)
Net current assets 43,171    34,805 
 
Total assets less current liabilities 54,980    40,435 
Net assets 54,980    40,435 
 

Capital and reserves 		     
Called up share capital 50    103 
Profit and loss account 54,930    40,332 
Shareholder's funds 54,980    40,435 
 


For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These 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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 17 December 2021 and were signed on its behalf by:


--------------------------------
Duncan Baker-Brown
Director
1
General Information
BakerBrown Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 04597504, registration address Albion Street, Albion House, Lewes, East Sussex, BN7 2BL

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2020 : 8).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2020 38,346    2,299    -    40,645 
Additions -    161    7,425    7,586 
Disposals -    -    -    - 
At 31 March 2021 38,346    2,460    7,425    48,231 
Depreciation
At 01 April 2020 32,888    2,127    -    35,015 
Charge for year 1,364    43    -    1,407 
On disposals -    -    -    - 
At 31 March 2021 34,252    2,170    -    36,422 
Net book values
Closing balance as at 31 March 2021 4,094    290    7,425    11,809 
Opening balance as at 01 April 2020 5,458    172    -    5,630 


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