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REGISTERED NUMBER: 09960752 (England and Wales)















BAYLEY'S OF BROMSGROVE LTD.

Unaudited Financial Statements for the Year Ended 31 January 2023






BAYLEY'S OF BROMSGROVE LTD. (REGISTERED NUMBER: 09960752)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAYLEY'S OF BROMSGROVE LTD.

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Ms K Bayley
J Bayley
G Bayley
A Bayley





REGISTERED OFFICE: 85 Brook Road
Fairfield
Bromsgrove
Worcestershire
B61 9JY





REGISTERED NUMBER: 09960752 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

BAYLEY'S OF BROMSGROVE LTD. (REGISTERED NUMBER: 09960752)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,416 51,775

CURRENT ASSETS
Stocks 11,079 9,867
Cash at bank and in hand 88,311 113,751
99,390 123,618
CREDITORS
Amounts falling due within one year 5 110,677 112,730
NET CURRENT (LIABILITIES)/ASSETS (11,287 ) 10,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,129

62,663

CREDITORS
Amounts falling due after more than one
year

6

(38,209

)

(42,621

)

PROVISIONS FOR LIABILITIES (11,669 ) (9,837 )
NET ASSETS 251 10,205

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151 10,105
SHAREHOLDERS' FUNDS 251 10,205

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

BAYLEY'S OF BROMSGROVE LTD. (REGISTERED NUMBER: 09960752)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





G Bayley - Director


BAYLEY'S OF BROMSGROVE LTD. (REGISTERED NUMBER: 09960752)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Bayley'S Of Bromsgrove Ltd. 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks 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 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.

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 15 (2022 - 12 ) .

BAYLEY'S OF BROMSGROVE LTD. (REGISTERED NUMBER: 09960752)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 82,045 18,237 11,938 112,220
Additions 27,334 - 2,781 30,115
At 31 January 2023 109,379 18,237 14,719 142,335
DEPRECIATION
At 1 February 2022 43,338 8,844 8,263 60,445
Charge for year 16,511 2,348 1,615 20,474
At 31 January 2023 59,849 11,192 9,878 80,919
NET BOOK VALUE
At 31 January 2023 49,530 7,045 4,841 61,416
At 31 January 2022 38,707 9,393 3,675 51,775

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,240 3,240
Social security and other taxes 12,144 10,853
Other creditors - 133
Directors' current accounts 95,293 98,504
110,677 112,730

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 15,986 20,398
38,209 42,621

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,986 20,398

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 3,750