J.R.BAILEY'S LIMITED

Company Registration Number:
09732543 (England and Wales)

Unaudited statutory accounts for the year ended 30 August 2022

Period of accounts

Start date: 31 August 2021

End date: 30 August 2022

J.R.BAILEY'S LIMITED

Contents of the Financial Statements

for the Period Ended 30 August 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

J.R.BAILEY'S LIMITED

Profit And Loss Account

for the Period Ended 30 August 2022

2022 2021


£

£
Turnover: 2,972,337 953,816
Cost of sales: ( 1,188,934 ) ( 418,883 )
Gross profit(or loss): 1,783,403 534,933
Distribution costs: ( 12,160 ) ( 1,013 )
Administrative expenses: ( 39,814 ) ( 29,692 )
Other operating income: 4,912 1,283
Operating profit(or loss): 1,736,341 505,511
Interest receivable and similar income: 1,072 733
Interest payable and similar charges: ( 9,180 ) ( 5,500 )
Profit(or loss) before tax: 1,728,233 500,744
Tax: ( 198,316 ) ( 51,050 )
Profit(or loss) for the financial year: 1,529,917 449,694

J.R.BAILEY'S LIMITED

Balance sheet

As at 30 August 2022

Notes 2022 2021


£

£
Called up share capital not paid: 100 100
Fixed assets
Intangible assets: 3 119,500 0
Tangible assets: 4 894,360 234,017
Investments: 5 12,580 0
Total fixed assets: 1,026,440 234,017
Current assets
Stocks: 6 128,356 0
Debtors: 7 372,990 746,154
Cash at bank and in hand: 284,670 56,878
Investments:   0 0
Total current assets: 786,016 803,032
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 8 ( 112,844 ) ( 1,428,561 )
Net current assets (liabilities): 673,172 (625,529)
Total assets less current liabilities: 1,699,712 ( 391,412)
Creditors: amounts falling due after more than one year: 9 ( 219,399 ) 0
Provision for liabilities: ( 85,000 ) 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 1,395,313 (391,412)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,395,213 (391,512 )
Total Shareholders' funds: 1,395,313 (391,412)

The notes form part of these financial statements

J.R.BAILEY'S LIMITED

Balance sheet statements

For the year ending 30 August 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 November 2023
and signed on behalf of the board by:

Name: Clive Roger Wells
Status: Director

The notes form part of these financial statements

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 7 4

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 31 August 2021 0 0 0
Additions 119,500 0 119,500
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 August 2022 119,500 0 119,500
Amortisation
At 31 August 2021 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 30 August 2022 0 0 0
Net book value
At 30 August 2022 119,500 0 119,500
At 30 August 2021 0 0 0

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 August 2021 0 59,867 3,900 18,250 152,000 234,017
Additions 0 265,867 0 12,500 421,976 700,343
Disposals 0 ( 15,000 ) 0 0 ( 25,000 ) ( 40,000 )
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 August 2022 0 310,734 3,900 30,750 548,976 894,360
Depreciation
At 31 August 2021
Charge for year
On disposals
Other adjustments
At 30 August 2022
Net book value
At 30 August 2022 0 310,734 3,900 30,750 548,976 894,360
At 30 August 2021 0 59,867 3,900 18,250 152,000 234,017

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

5. Fixed assets investments note

Secured Investment in Bristol

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

6. Stocks

2022 2021
£ £
Stocks 128,356 0
Payments on account 0 0
Total 128,356 0

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

7. Debtors

2022 2021
£ £
Trade debtors 372,990 746,154
Prepayments and accrued income 0 0
Other debtors 0 0
Total 372,990 746,154
Debtors due after more than one year: 0 0

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

8. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 220,000
Amounts due under finance leases and hire purchase contracts 31,990 185,992
Trade creditors 43,632 612,008
Taxation and social security 37,222 32,772
Accruals and deferred income 0 0
Other creditors 377,789
Total 112,844 1,428,561

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

9. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 219,399 0
Other creditors 0 0
Total 219,399 0

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2022

10. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Director Loan for purchase of a Personal Car
£
Balance at 30 August 2021 19,000
Advances or credits made:
Advances or credits repaid: 12,800
Balance at 30 August 2022 6,200