Registered number
08365717
Bay Care Plus Limited
Filleted Accounts
31 January 2023
Bay Care Plus Limited
Registered number: 08365717
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,711 4,948
Current assets
Debtors - 11,617
Cash at bank and in hand 1,158 1,885
1,158 13,502
Creditors: amounts falling due within one year 4 (2,267) (14,370)
Net current liabilities (1,109) (868)
Total assets less current liabilities 2,602 4,080
Creditors: amounts falling due after more than one year 5 (36,901) (43,607)
Net liabilities (34,299) (39,527)
Capital and reserves
Called up share capital 1 1
Profit and loss account (34,300) (39,528)
Shareholder's funds (34,299) (39,527)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mutedzi Chipo
Director
Approved by the board on 20 October 2023
Accounting policies
1 Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
3 Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
4 Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 8,645
At 31 January 2023 8,645
Depreciation
At 1 February 2022 3,697
Charge for the year 1,237
At 31 January 2023 4,934
Net book value
At 31 January 2023 3,711
At 31 January 2022 4,948
Debtors 2023 2022
£ £
Trade debtors - 11,617
Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 5,748
Taxation and social security costs 1,516 6,724
Other creditors 751 1,898
2,267 14,370
Creditors: amounts falling due after one year 2023 2022
£ £
5 Bank loans 36,901 43,607
Other information
Bay Care Plus Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Manlove Street
Wolverhampton
West Midlands
WV3 0HG
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