BAKER_GLADSTONE_&_YORK_LT - Accounts

BAKER GLADSTONE AND YORK LIMITED - Company Information

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Company Registration No. 03764956 (England and Wales)

BAKER GLADSTONE & YORK LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

BAKER GLADSTONE & YORK LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BAKER GLADSTONE & YORK LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

5,050

5,663

Current assets

Debtors

60,247

47,179

Cash at bank and in hand

170,767

86,230

231,014

133,409

Creditors: amounts falling due within one year

(80,249)

(55,643)

Net current assets

150,765

77,766

Total assets less current liabilities

155,815

83,429

Capital and reserves

Called up share capital

1,001

Share premium account

2,249

Profit and loss account

152,565

80,179

Shareholders' funds

155,815

83,429

For the financial year ended 31 May 2014 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 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 financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 10 July 2014

Mr David Gladstone

Director

Company Registration No. 03764956

BAKER GLADSTONE & YORK LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Fixtures, fittings & equipment

1.5

Pensions

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

BAKER GLADSTONE & YORK LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 June 2013

38,616

Additions

1,317

Disposals

(330)

At 31 May 2014

39,603

Depreciation

At 1 June 2013

32,953

On disposals

(83)

Charge for the year

1,683

At 31 May 2014

34,553

Net book value

At 31 May 2014

5,050

At 31 May 2013

5,663

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

100 Ordinary B shares of 1p each

1,001