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REGISTERED NUMBER: 02372736 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

Baystart Limited

Baystart Limited (Registered number: 02372736)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baystart Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: D J Waterman





REGISTERED OFFICE: 3 Lancaster Way
Earls Colne Business Park
Earls Colne
Colchester
Essex
CO6 2NS





REGISTERED NUMBER: 02372736 (England and Wales)





ACCOUNTANTS: Maurice Lake & Co Limited
Accountants and
Taxation Consultants
Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ

Baystart Limited (Registered number: 02372736)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,458 72,717

CURRENT ASSETS
Stocks 157,662 147,909
Debtors 5 155,134 116,181
Prepayments and accrued income 12,106 12,406
Cash at bank 15,044 43,228
339,946 319,724
CREDITORS
Amounts falling due within one year 6 380,171 357,781
NET CURRENT LIABILITIES (40,225 ) (38,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,233

34,660

CREDITORS
Amounts falling due after more than one
year

7

108,229

124,550
NET LIABILITIES (85,996 ) (89,890 )

CAPITAL AND RESERVES
Called up share capital 66 66
Retained earnings (86,062 ) (89,956 )
SHAREHOLDERS' FUNDS (85,996 ) (89,890 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Baystart Limited (Registered number: 02372736)

Balance Sheet - continued
30 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2023 and were signed by:





D J Waterman - Director


Baystart Limited (Registered number: 02372736)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Baystart 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2022 - 10 ) .

Baystart Limited (Registered number: 02372736)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022
and 30 April 2023 31,093 241,408 18,449 29,357 320,307
DEPRECIATION
At 1 May 2022 - 205,113 17,465 25,012 247,590
Charge for year - 9,074 99 1,086 10,259
At 30 April 2023 - 214,187 17,564 26,098 257,849
NET BOOK VALUE
At 30 April 2023 31,093 27,221 885 3,259 62,458
At 30 April 2022 31,093 36,295 984 4,345 72,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 141,731 102,786
Other debtors 13,403 13,395
155,134 116,181

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,321 19,906
Trade creditors 256,291 218,026
Taxation and social security 82,822 72,950
Other creditors 27,737 36,899
380,171 357,781

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,833 30,833
Hire purchase contracts - 3,321
Other creditors 87,396 90,396
108,229 124,550

Baystart Limited (Registered number: 02372736)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments that are not included in the balance sheet is £327,916 relating to the future rentals with regard to the leased unit, broken down as follows:

Within 1 year £65,000
2 - 5 years £113,750
over 5 years NIL