Baxter Williams Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10377295 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15TH SEPTEMBER 2016 TO 30TH SEPTEMBER 2017

FOR

BAXTER WILLIAMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Baxter

REGISTERED OFFICE:

Pitmaston House

Malvern Road

Worcester

WR2 4ZG

REGISTERED NUMBER:

10377295 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

2,883

CURRENT ASSETS

Debtors

5

79,775

Cash at bank and in hand

33,185

112,960

CREDITORS

Amounts falling due within one year

6

34,776

NET CURRENT ASSETS

78,184

TOTAL ASSETS LESS CURRENT LIABILITIES

81,067

CREDITORS

Amounts falling due after more than one year

7

(80,500

)

PROVISIONS FOR LIABILITIES

8

(475

)

NET ASSETS

92

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

91

SHAREHOLDERS' FUNDS

92

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 1st February 2018 and were signed by:

Mr N Baxter - Director

1.	STATUTORY INFORMATION

Baxter Williams Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the period 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 period 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 period was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

600

3,649

4,249

At 30th September 2017

600

3,649

4,249

DEPRECIATION

Charge for period

150

1,216

1,366

At 30th September 2017

150

1,216

1,366

NET BOOK VALUE

At 30th September 2017

450

2,433

2,883

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

32,390

Directors' current accounts

47,385

79,775

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

19,337

Social security and other taxes

2,323

VAT

12,216

Accrued expenses

900

34,776

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans more 5 yr by instal

80,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

80,500

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

548

Tax losses carried forward

(73

)

475

Deferred

tax

£

Charge to Income Statement during period

475

Balance at 30th September 2017

475

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

0.01

1

10.

RESERVES

Retained

earnings

£

Profit for the period

91

At 30th September 2017

91