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REGISTERED NUMBER: 09009260 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BAYLISS GROUP ELECTRICS LIMITED

BAYLISS GROUP ELECTRICS LIMITED (REGISTERED NUMBER: 09009260)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company information 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 6


BAYLISS GROUP ELECTRICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mr S Bayliss





REGISTERED OFFICE: Office 2, First Floor
Hayden House
Alcester Road
Studley
Warwickshire
B80 7AN





REGISTERED NUMBER: 09009260 (England and Wales)





ACCOUNTANTS: NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS

BAYLISS GROUP ELECTRICS LIMITED (REGISTERED NUMBER: 09009260)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 50,071 68,246

CURRENT ASSETS
Inventories 35,147 22,145
Debtors 5 194,726 158,346
Cash at bank 58,133 123,386
288,006 303,877
CREDITORS
Amounts falling due within one year 6 113,541 84,737
NET CURRENT ASSETS 174,465 219,140
TOTAL ASSETS LESS CURRENT LIABILITIES 224,536 287,386

CREDITORS
Amounts falling due after more than one year 7 (28,366 ) (71,810 )

PROVISIONS FOR LIABILITIES (2,635 ) (12,967 )
NET ASSETS 193,535 202,609

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 193,525 202,599
SHAREHOLDERS' FUNDS 193,535 202,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

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

BAYLISS GROUP ELECTRICS LIMITED (REGISTERED NUMBER: 09009260)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 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 4th October 2023 and were signed by:





Mr S Bayliss - Director


BAYLISS GROUP ELECTRICS LIMITED (REGISTERED NUMBER: 09009260)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Bayliss Group Electrics 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
Revenue 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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

BAYLISS GROUP ELECTRICS LIMITED (REGISTERED NUMBER: 09009260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


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 14 (2022 - 13 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022 2,268 95,380 20,686 118,334
Disposals - (6,250 ) - (6,250 )
At 31st March 2023 2,268 89,130 20,686 112,084
DEPRECIATION
At 1st April 2022 1,793 40,089 8,206 50,088
Charge for year 119 13,452 3,120 16,691
Eliminated on disposal - (4,766 ) - (4,766 )
At 31st March 2023 1,912 48,775 11,326 62,013
NET BOOK VALUE
At 31st March 2023 356 40,355 9,360 50,071
At 31st March 2022 475 55,291 12,480 68,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 194,525 104,539
Amounts owed by group undertakings - 29,091
Other debtors 201 24,716
194,726 158,346

BAYLISS GROUP ELECTRICS LIMITED (REGISTERED NUMBER: 09009260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts 4,277 4,527
Trade creditors 36,672 26,119
Amounts owed to group undertakings 19,119 -
Taxation and social security 26,359 11,958
Other creditors 27,114 32,133
113,541 84,737

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 39,167
Hire purchase contracts 28,366 32,643
28,366 71,810