IRIS Accounts Production v22.1.4.3 04909803 Board of Directors Board of Directors 1.11.20 30.4.22 30.4.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure049098032020-10-31049098032022-04-30049098032020-11-012022-04-30049098032019-10-31049098032019-11-012020-10-31049098032020-10-3104909803ns16:EnglandWales2020-11-012022-04-3004909803ns15:PoundSterling2020-11-012022-04-3004909803ns11:Director12020-11-012022-04-3004909803ns11:Director22020-11-012022-04-3004909803ns11:PrivateLimitedCompanyLtd2020-11-012022-04-3004909803ns11:SmallEntities2020-11-012022-04-3004909803ns11:AuditExempt-NoAccountantsReport2020-11-012022-04-3004909803ns11:SmallCompaniesRegimeForDirectorsReport2020-11-012022-04-3004909803ns11:SmallCompaniesRegimeForAccounts2020-11-012022-04-3004909803ns11:AbridgedAccounts2020-11-012022-04-300490980312020-11-012022-04-3004909803ns6:CurrentFinancialInstruments2022-04-3004909803ns6:CurrentFinancialInstruments2020-10-3104909803ns6:ShareCapital2022-04-3004909803ns6:ShareCapital2020-10-3104909803ns6:RetainedEarningsAccumulatedLosses2022-04-3004909803ns6:RetainedEarningsAccumulatedLosses2020-10-3104909803ns11:RegisteredOffice2020-11-012022-04-3004909803ns6:IntangibleAssetsOtherThanGoodwill2020-11-012022-04-3004909803ns6:PlantMachinery2020-11-012022-04-30
REGISTERED NUMBER: 04909803 (England and Wales)















P. BAILEY BUILDING CONTRACTORS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2020 TO 30 APRIL 2022






P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 November 2020 to 30 April 2022










Page

Abridged Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803)

ABRIDGED BALANCE SHEET
30 April 2022

2022 2020
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 1,168
- 1,168

CURRENT ASSETS
Stocks - 5,745
Debtors 133,018 27,774
Cash at bank 53,775 315,281
186,793 348,800
CREDITORS
Amounts falling due within one year (9,125 ) (24,043 )
NET CURRENT ASSETS 177,668 324,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,668

325,925

PROVISIONS FOR LIABILITIES - (222 )
NET ASSETS 177,668 325,703

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 177,568 325,603
SHAREHOLDERS' FUNDS 177,668 325,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803)

ABRIDGED BALANCE SHEET - continued
30 April 2022



The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2022 and were signed on its behalf by:




Mr P Bailey - Director



Mrs M Bailey - Director


P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 November 2020 to 30 April 2022


1. STATUTORY INFORMATION

P. Bailey Building Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04909803

Registered office: Woodlands, Derby Road
Cromford
Matlock
Derbyshire
DE4 3RN

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.

The financial statements have been prepared on the going concern basis. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

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

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.
Plant and machinery etc - 25% on cost and 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 November 2020 to 30 April 2022


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2020
and 30 April 2022 30,000
AMORTISATION
At 1 November 2020
and 30 April 2022 30,000
NET BOOK VALUE

At 30 April 2022 -
At 31 October 2020 -

Goodwill arose from the acquisition of an unincorporated business in 2003. It has been amortized over its estimated useful life of ten years and is now fully written off.

P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 November 2020 to 30 April 2022


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2020 4,478
Disposals (4,478 )
At 30 April 2022 -
DEPRECIATION
At 1 November 2020 3,310
Charge for period 350
Eliminated on disposal (3,660 )
At 30 April 2022 -
NET BOOK VALUE
At 30 April 2022 -
At 31 October 2020 1,168

6. SECURED DEBTS

The company has agreed borrowing facilities with its bankers secured by a debenture against all company assets. At the balance sheet date no borrowings were outstanding.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, loans advanced to the directors and still outstanding at the year end totalled £131,835. The loan has interest charged at 2% and is repayable on demand.

8. RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Bailey.

The company is controlled by its directors, by virtue of their shareholdings.