J.R.BAILEY'S LIMITED

Company Registration Number:
09732543 (England and Wales)

Unaudited statutory accounts for the year ended 30 August 2023

Period of accounts

Start date: 31 August 2022

End date: 30 August 2023

J.R.BAILEY'S LIMITED

Contents of the Financial Statements

for the Period Ended 30 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

J.R.BAILEY'S LIMITED

Directors' report period ended 30 August 2023

The directors present their report with the financial statements of the company for the period ended 30 August 2023

Principal activities of the company

J.R.BAILEYS LIMITEDWe are a Business based in East London, Our customer base ranges from Construction to Development of Commercial Properties coupled with Demolition services rendered across the United Kingdom. We are a diverse company ranging in many aspects of business but primarily Construction, Fuel Management and Development.

Company policy on disabled employees

We do offer disabled people the ability to work within our Administration Department of the company and actively seeking to put more people into work.



Directors

The director shown below has held office during the whole of the period from
31 August 2022 to 30 August 2023

Clive Roger Wells


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 November 2023

And signed on behalf of the board by:
Name: Clive Roger Wells
Status: Director

J.R.BAILEY'S LIMITED

Profit And Loss Account

for the Period Ended 30 August 2023

2023 2022


£

£
Turnover: 3,599,814 2,972,337
Cost of sales: ( 1,494,021 ) ( 1,188,934 )
Gross profit(or loss): 2,105,793 1,783,403
Distribution costs: ( 18,722 ) ( 12,160 )
Administrative expenses: ( 28,773 ) ( 39,814 )
Other operating income: 7,284 4,912
Operating profit(or loss): 2,065,582 1,736,341
Interest receivable and similar income: 1,492 1,072
Interest payable and similar charges: ( 6,119 ) ( 9,180 )
Profit(or loss) before tax: 2,060,955 1,728,233
Tax: ( 228,540 ) ( 198,316 )
Profit(or loss) for the financial year: 1,832,415 1,529,917

J.R.BAILEY'S LIMITED

Balance sheet

As at 30 August 2023

Notes 2023 2022


£

£
Called up share capital not paid: 100 100
Fixed assets
Intangible assets: 3 119,500 119,500
Tangible assets: 4 1,024,812 894,360
Investments: 5 0 12,580
Total fixed assets: 1,144,312 1,026,440
Current assets
Stocks: 6 156,414 128,356
Debtors: 7 296,866 372,990
Cash at bank and in hand: 368,220 284,670
Investments:   0 0
Total current assets: 821,500 786,016
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 8 ( 127,660 ) ( 112,844 )
Net current assets (liabilities): 693,840 673,172
Total assets less current liabilities: 1,838,252 1,699,712
Creditors: amounts falling due after more than one year: 9 ( 159,828 ) ( 219,399 )
Provision for liabilities: ( 85,000 ) ( 85,000 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 1,593,424 1,395,313
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,593,324 1,395,213
Total Shareholders' funds: 1,593,424 1,395,313

The notes form part of these financial statements

J.R.BAILEY'S LIMITED

Balance sheet statements

For the year ending 30 August 2023 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 5 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 2023

  • 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 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 7

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 31 August 2022 119,500 0 119,500
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 August 2023 119,500 0 119,500
Amortisation
At 31 August 2022 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 30 August 2023 0 0 0
Net book value
At 30 August 2023 119,500 0 119,500
At 30 August 2022 119,500 0 119,500

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 August 2022 0 310,734 3,900 30,750 548,976 894,360
Additions 0 41,500 452 156,352 198,304
Disposals 0 ( 21,500 ) 0 0 ( 46,352 ) ( 67,852 )
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 August 2023 0 330,734 4,352 30,750 658,976 1,024,812
Depreciation
At 31 August 2022 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 August 2023 0 0 0 0 0 0
Net book value
At 30 August 2023 0 330,734 4,352 30,750 658,976 1,024,812
At 30 August 2022 0 310,734 3,900 30,750 548,976 894,360

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

5. Fixed assets investments note

We have no Fixed Investments Currently.

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

6. Stocks

2023 2022
£ £
Stocks 156,414 128,356
Payments on account 0 0
Total 156,414 128,356

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

7. Debtors

2023 2022
£ £
Trade debtors 296,866 372,990
Prepayments and accrued income 0 0
Other debtors 0 0
Total 296,866 372,990
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 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 37,840 31,990
Trade creditors 51,991 43,632
Taxation and social security 37,829 37,222
Accruals and deferred income 0 0
Other creditors 0 0
Total 127,660 112,844

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

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

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 159,828 219,399
Other creditors 0 0
Total 159,828 219,399

J.R.BAILEY'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2023

10. Loans to directors

Name of director receiving advance or credit: Clive Roger Wells
Description of the transaction:
Personal Property Purchase - Mortgage Deposit
£
Balance at 30 August 2022 50,000
Advances or credits made:
Advances or credits repaid: 36,500
Balance at 30 August 2023 13,500