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REGISTERED NUMBER: 05269442 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 December 2021

for

Bailey Streetscene Limited

Bailey Streetscene Limited (Registered number: 05269442)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Bailey Streetscene Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: D A Pringle
D M Leach





REGISTERED OFFICE: Adlington Business Park
Adlington
Macclesfield
Cheshire
SK10 4NL





REGISTERED NUMBER: 05269442 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
6 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Bailey Streetscene Limited (Registered number: 05269442)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 406,386 409,305

CURRENT ASSETS
Stocks 179,454 106,563
Debtors 5 877,410 862,415
Cash at bank and in hand 288,244 72,455
1,345,108 1,041,433
CREDITORS
Amounts falling due within one year 6 683,757 545,889
NET CURRENT ASSETS 661,351 495,544
TOTAL ASSETS LESS CURRENT LIABILITIES 1,067,737 904,849

CREDITORS
Amounts falling due after more than one
year

7

-

(150,456

)

PROVISIONS FOR LIABILITIES (1,067 ) (892 )
NET ASSETS 1,066,670 753,501

CAPITAL AND RESERVES
Called up share capital 450 450
Capital redemption reserve 550 550
Retained earnings 1,065,670 752,501
SHAREHOLDERS' FUNDS 1,066,670 753,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Bailey Streetscene Limited (Registered number: 05269442)

Balance Sheet - continued
31 December 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





D A Pringle - Director


Bailey Streetscene Limited (Registered number: 05269442)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Bailey Streetscene 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 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 are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.
Land and buildings - not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

The freehold property from which the company operates is not depreciated as the directors consider that to do so would not give a true and fair view.

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Bailey Streetscene Limited (Registered number: 05269442)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2020 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 382,781 225,446 608,227
Additions - 16,811 16,811
Disposals - (130,007 ) (130,007 )
At 31 December 2021 382,781 112,250 495,031
DEPRECIATION
At 1 January 2021 5,037 193,885 198,922
Charge for year - 17,950 17,950
Eliminated on disposal - (128,227 ) (128,227 )
At 31 December 2021 5,037 83,608 88,645
NET BOOK VALUE
At 31 December 2021 377,744 28,642 406,386
At 31 December 2020 377,744 31,561 409,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 522,599 594,666
Amounts owed by associates 97,130 28,436
Other debtors 257,681 239,313
877,410 862,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts - 18,583
Trade creditors 483,237 320,061
Amounts owed to associates 73,511 69,688
Taxation and social security 68,612 96,065
Other creditors 58,397 41,492
683,757 545,889

Bailey Streetscene Limited (Registered number: 05269442)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans - 150,456

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 57,456

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Within one year 9,101 13,154
Between one and five years 1,406 10,507
10,507 23,661

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans - 169,039

Bank borrowings are secured by way of legal charge over all assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company provided loans to a director of £27,597 (2020: £3,903 owed to the director). No security is given on the loan and no interest charged on the loan which is repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year the company undertook transactions with other companies under the control of the directors, all on an arms length basis.

Sales of goods and services to these companies amounted to £198,070 (2020: £238,312).
Purchases of goods and services from these companies amounted to £272,965 (2020: £249,937).

The total balances owed by these companies at the year end date was £23,619 (2020: £41,253 owed to these companies).

During the year the company lent monies to Swanscoe Property Developments Limited, a company under the control of a director's close family member. The amount outstanding at the year end date was £194,500 (2020: £191,500). This was repaid in full after the year end.

Bailey Streetscene Limited (Registered number: 05269442)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

12. POST BALANCE SHEET EVENTS

Following the year end, the whole of the company's issued share capital was purchased by Bailey Street Furniture Group Limited and the company became a wholly owned subsidiary.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Crowd UK Holding Ltd.