2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03427758 2022-10-01 2023-09-30 03427758 2023-09-30 03427758 2022-09-30 03427758 2021-10-01 2022-09-30 03427758 2022-09-30 03427758 2021-09-30 03427758 core:FurnitureFittings 2022-10-01 2023-09-30 03427758 core:MotorVehicles 2022-10-01 2023-09-30 03427758 bus:Director1 2022-10-01 2023-09-30 03427758 core:WithinOneYear 2023-09-30 03427758 core:WithinOneYear 2022-09-30 03427758 core:LandBuildings 2022-09-30 03427758 core:FurnitureFittings 2022-09-30 03427758 core:MotorVehicles 2022-09-30 03427758 core:LandBuildings 2023-09-30 03427758 core:FurnitureFittings 2023-09-30 03427758 core:MotorVehicles 2023-09-30 03427758 core:LandBuildings 2022-10-01 2023-09-30 03427758 core:ShareCapital 2023-09-30 03427758 core:ShareCapital 2022-09-30 03427758 core:RetainedEarningsAccumulatedLosses 2023-09-30 03427758 core:RetainedEarningsAccumulatedLosses 2022-09-30 03427758 core:LandBuildings 2022-09-30 03427758 core:FurnitureFittings 2022-09-30 03427758 core:MotorVehicles 2022-09-30 03427758 bus:SmallEntities 2022-10-01 2023-09-30 03427758 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 03427758 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 03427758 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03427758 bus:FullAccounts 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 03427758
BAYGAS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2023
BAYGAS LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
413,487
406,915
CURRENT ASSETS
Stocks
191
836
Debtors
6
714
1,307
Cash at bank and in hand
107,837
118,221
-----------
-----------
108,742
120,364
CREDITORS: amounts falling due within one year
7
21,542
23,428
-----------
-----------
NET CURRENT ASSETS
87,200
96,936
-----------
-----------
TOTAL ASSETS LESS CURRENT LIABILITIES
500,687
503,851
-----------
-----------
NET ASSETS
500,687
503,851
-----------
-----------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
500,685
503,849
-----------
-----------
SHAREHOLDERS FUNDS
500,687
503,851
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BAYGAS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 1 February 2024 , and are signed on behalf of the board by:
C M Jeffreys
Director
Company registration number: 03427758
BAYGAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
BASIS OF PREPARATION
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
DEPRECIATION
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Equipment
-
25 % reducing balance
STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Land and buildings
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2022
400,653
6,977
16,249
2,196
426,075
Additions
8,000
8,000
-----------
--------
---------
--------
-----------
At 30 September 2023
408,653
6,977
16,249
2,196
434,075
-----------
--------
---------
--------
-----------
Depreciation
At 1 October 2022
5,600
11,579
1,981
19,160
Charge for the year
207
1,167
54
1,428
-----------
--------
---------
--------
-----------
At 30 September 2023
5,807
12,746
2,035
20,588
-----------
--------
---------
--------
-----------
Carrying amount
At 30 September 2023
408,653
1,170
3,503
161
413,487
-----------
--------
---------
--------
-----------
At 30 September 2022
400,653
1,377
4,670
215
406,915
-----------
--------
---------
--------
-----------
6. DEBTORS
2023
2022
£
£
Prepayments and accrued income
714
1,307
-----
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,468
1,892
Corporation tax
62
3,984
Director loan accounts
20,012
17,552
---------
---------
21,542
23,428
---------
---------
8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
The Directors have a loan account in the company that remained in credit throughout the year. The balance at 30th September 2022 was £17,552, which is included in creditors.
9. RELATED PARTY TRANSACTIONS
The company was under the control of Mr C M Jeffreys and his wife Mrs S D Jeffreys (directors) throughout the current year.