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REGISTERED NUMBER: 10792156 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

BAILEY BRIDGE CONSULTANCY LTD

BAILEY BRIDGE CONSULTANCY LTD (REGISTERED NUMBER: 10792156)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


BAILEY BRIDGE CONSULTANCY LTD (REGISTERED NUMBER: 10792156)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 592 907

CURRENT ASSETS
Debtors 5 11,979 1,500
Cash at bank 27,511 17,497
39,490 18,997
CREDITORS
Amounts falling due within one year 6 38,336 17,864
NET CURRENT ASSETS 1,154 1,133
TOTAL ASSETS LESS CURRENT LIABILITIES 1,746 2,040

PROVISIONS FOR LIABILITIES 113 173
NET ASSETS 1,633 1,867

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,533 1,767
SHAREHOLDERS' FUNDS 1,633 1,867

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

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

BAILEY BRIDGE CONSULTANCY LTD (REGISTERED NUMBER: 10792156)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





Mr P Bailey - Director


BAILEY BRIDGE CONSULTANCY LTD (REGISTERED NUMBER: 10792156)

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


1. STATUTORY INFORMATION

Bailey Bridge Consultancy Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 10792156

Registered office: 20 Usk Road New Inn
Pontypool
NP4 8AB

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% Straight line
Computer equipment - 33% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

BAILEY BRIDGE CONSULTANCY LTD (REGISTERED NUMBER: 10792156)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 1,228 2,672 3,900
Additions 158 - 158
At 31 May 2023 1,386 2,672 4,058
DEPRECIATION
At 1 June 2022 795 2,198 2,993
Charge for year 277 196 473
At 31 May 2023 1,072 2,394 3,466
NET BOOK VALUE
At 31 May 2023 314 278 592
At 31 May 2022 433 474 907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,190 -
Prepayments 3,789 1,500
11,979 1,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 12,878 1,383
Other creditors 25,458 16,481
38,336 17,864

BAILEY BRIDGE CONSULTANCY LTD (REGISTERED NUMBER: 10792156)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50
50 A Ordinary £1 50 50
100 100