1 September 2022 v2024.10.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP040538602022-09-012023-08-31040538602023-08-31040538602022-08-3104053860core:WithinOneYear2023-08-3104053860core:WithinOneYear2022-08-3104053860core:ShareCapital2023-08-3104053860core:ShareCapital2022-08-3104053860core:RetainedEarningsAccumulatedLosses2023-08-3104053860core:RetainedEarningsAccumulatedLosses2022-08-3104053860bus:Director12022-09-012023-08-3104053860bus:RegisteredOffice2022-09-012023-08-3104053860core:MotorVehicles2022-09-012023-08-3104053860core:FurnitureFittings2022-09-012023-08-3104053860core:OfficeEquipment2022-09-012023-08-31040538602021-09-012022-08-3104053860core:PlantMachinery2022-09-0104053860core:PlantMachinery2022-09-012023-08-3104053860core:PlantMachinery2023-08-3104053860core:PlantMachinery2022-08-310405386012022-09-012023-08-3104053860countries:EnglandWales2022-09-012023-08-3104053860bus:AuditExemptWithAccountantsReport2022-09-012023-08-3104053860bus:PrivateLimitedCompanyLtd2022-09-012023-08-3104053860bus:SmallEntities2022-09-012023-08-3104053860bus:FullAccounts2022-09-012023-08-31
Company registration number:
04053860
Bayliss Consulting Limited
Unaudited Filleted Financial Statements for the year ended
31 August 2023
Bayliss Consulting Limited
Statement of Financial Position
31 August 2023
20232022
Note££
Fixed assets    
Tangible assets 5
21,962
 
28,961
 
Current assets    
Debtors 6
24,624
 
3,217
 
Cash at bank and in hand
119,258
 
98,633
 
143,882
 
101,850
 
Creditors: amounts falling due within one year 7
(125,537
)
(99,350
)
Net current assets
18,345
 
2,500
 
Total assets less current liabilities 40,307   31,461  
Capital and reserves    
Called up share capital
130
 
130
 
Profit and loss account
40,177
 
31,331
 
Shareholders funds
40,307
 
31,461
 
For the year ending
31 August 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
5 April 2024
, and are signed on behalf of the board by:
Dr R Bayliss
Director
Company registration number:
04053860
Bayliss Consulting Limited
Notes to the Financial Statements
Year ended
31 August 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Holly Lodge
,
Burleigh Road
,
Ascot
,
SL5 7LE
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% reducing balance
Fixtures and fittings
20% reducing balance
Office equipment
33% reducing balance

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2022
59,487
 
Additions
374
 
At
31 August 2023
59,861
 
Depreciation  
At
1 September 2022
30,526
 
Charge
7,373
 
At
31 August 2023
37,899
 
Carrying amount  
At
31 August 2023
21,962
 
At 31 August 2022
28,961
 

6 Debtors

20232022
££
Trade debtors
24,624
 
2,113
 
Other debtors -  
1,104
 
24,624
 
3,217
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
11,841
 
3,898
 
Other creditors
113,696
 
95,452
 
125,537
 
99,350