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Company Registration No. 05712949 (England and Wales)
Bailey Construction (Loughor) Limited Unaudited accounts for the year ended 28 February 2023
Bailey Construction (Loughor) Limited Unaudited accounts Contents
Page
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Bailey Construction (Loughor) Limited Company Information for the year ended 28 February 2023
Director
Ian Bailey
Company Number
05712949 (England and Wales)
Registered Office
46 Penrhos Gorseinon Swansea SA4 4PA
Accountants
Nigel Rees Accountancy Limited 572 Mumbles Road Mumbles Swansea Dyfed SA3 4DL
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Bailey Construction (Loughor) Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,604 
13,208 
Current assets
Inventories
12,000 
12,002 
Debtors
37 
249 
Cash at bank and in hand
34,573 
36,667 
46,610 
48,918 
Creditors: amounts falling due within one year
(35,496)
(26,268)
Net current assets
11,114 
22,650 
Net assets
17,718 
35,858 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
17,717 
35,857 
Shareholders' funds
17,718 
35,858 
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2023 and were signed on its behalf by
Ian Bailey Director Company Registration No. 05712949
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Bailey Construction (Loughor) Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Bailey Construction (Loughor) Limited is a private company, limited by shares, registered in England and Wales, registration number 05712949. The registered office is 46 Penrhos, Gorseinon, Swansea, SA4 4PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
7,390 
45,101 
52,491 
At 28 February 2023
7,390 
45,101 
52,491 
Depreciation
At 1 March 2022
7,390 
31,893 
39,283 
Charge for the year
- 
6,604 
6,604 
At 28 February 2023
7,390 
38,497 
45,887 
Net book value
At 28 February 2023
- 
6,604 
6,604 
At 28 February 2022
- 
13,208 
13,208 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
37 
249 
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Bailey Construction (Loughor) Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
101 
16 
Trade creditors
20,949 
6,766 
Taxes and social security
6,315 
10,553 
Loans from directors
7,217 
8,019 
Accruals
914 
914 
35,496 
26,268 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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