Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mrs E Dushynsky 16/11/2015 28 October 2023 The principal activity of the company during the financial year was the provision of legal services. 09873205 2023-03-31 09873205 bus:Director1 2023-03-31 09873205 core:CurrentFinancialInstruments 2023-03-31 09873205 core:CurrentFinancialInstruments 2022-03-31 09873205 2022-03-31 09873205 core:Non-currentFinancialInstruments 2023-03-31 09873205 core:Non-currentFinancialInstruments 2022-03-31 09873205 core:ShareCapital 2023-03-31 09873205 core:ShareCapital 2022-03-31 09873205 core:RetainedEarningsAccumulatedLosses 2023-03-31 09873205 core:RetainedEarningsAccumulatedLosses 2022-03-31 09873205 core:OtherPropertyPlantEquipment 2022-03-31 09873205 core:OtherPropertyPlantEquipment 2023-03-31 09873205 bus:OrdinaryShareClass1 2023-03-31 09873205 bus:OrdinaryShareClass2 2023-03-31 09873205 2022-04-01 2023-03-31 09873205 bus:FullAccounts 2022-04-01 2023-03-31 09873205 bus:SmallEntities 2022-04-01 2023-03-31 09873205 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09873205 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09873205 bus:Director1 2022-04-01 2023-03-31 09873205 2021-04-01 2022-03-31 09873205 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 09873205 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09873205 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 09873205 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 09873205 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09873205 (England and Wales)

BAY TREE SOLICITORS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

BAY TREE SOLICITORS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

BAY TREE SOLICITORS LTD

COMPANY INFORMATION

For the financial year ended 31 March 2023
BAY TREE SOLICITORS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTOR Mrs E Dushynsky
REGISTERED OFFICE 61 Fore Street
Topsham
EX3 0HL
United Kingdom
COMPANY NUMBER 09873205 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
BAY TREE SOLICITORS LTD

BALANCE SHEET

As at 31 March 2023
BAY TREE SOLICITORS LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Current assets
Debtors 4 11,955 16,526
Cash at bank and in hand 4,247 2,047
16,202 18,573
Creditors: amounts falling due within one year 5 ( 55,919) ( 57,455)
Net current liabilities (39,717) (38,882)
Total assets less current liabilities (39,717) (38,882)
Creditors: amounts falling due after more than one year 6 ( 3,135) ( 4,423)
Net liabilities ( 42,852) ( 43,305)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 42,952 ) ( 43,405 )
Total shareholder's deficit ( 42,852) ( 43,305)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Bay Tree Solicitors Ltd (registered number: 09873205) were approved and authorised for issue by the Director on 28 October 2023. They were signed on its behalf by:

Mrs E Dushynsky
Director
BAY TREE SOLICITORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
BAY TREE SOLICITORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bay Tree Solicitors Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 61 Fore Street, Topsham, EX3 0HL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and comprises of the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Government grants

Grant income comprises the fair value of the consideration received or receivable for the year.

During the previous year, the business received grants relating to Bounce-Back Loan interest payments. The total of grants received is £Nil (2022: £41).

Interest on the Bounce-Back Loan was accounted for on the accruals basis.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the company during the year, including the director 0 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 993 993
At 31 March 2023 993 993
Accumulated depreciation
At 01 April 2022 993 993
At 31 March 2023 993 993
Net book value
At 31 March 2023 0 0
At 31 March 2022 0 0

4. Debtors

2023 2022
£ £
Trade debtors 3,155 10,034
Prepayments and accrued income 8,800 6,492
11,955 16,526

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 1,288 1,257
Trade creditors 1,753 0
Amounts owed to director 26,490 28,114
Accruals 5,318 7,014
Other creditors 21,070 21,070
55,919 57,455

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 3,135 4,423

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
95 Ordinary A shares of £ 1.00 each 95 95
5 Ordinary B shares of £ 1.00 each 5 5
100 100

The ordinary A and B shares rank pari passu for all voting purposes.

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Directors Loan 26,490 28,114

Throughout the current and previous year a loan existed between the director and the company. No interest has been charged on the loan and the balance is repayable on demand.