Silverfin false false 31/10/2023 01/11/2022 31/10/2023 C G Bazeley 23/08/2005 S Bazeley 23/08/2005 C G Bazeley 18 April 2024 The principal activity of the Company during the financial year was land surveying and site engineering. 05544068 2023-10-31 05544068 bus:Director1 2023-10-31 05544068 bus:Director2 2023-10-31 05544068 2022-10-31 05544068 core:CurrentFinancialInstruments 2023-10-31 05544068 core:CurrentFinancialInstruments 2022-10-31 05544068 core:Non-currentFinancialInstruments 2023-10-31 05544068 core:Non-currentFinancialInstruments 2022-10-31 05544068 core:ShareCapital 2023-10-31 05544068 core:ShareCapital 2022-10-31 05544068 core:RetainedEarningsAccumulatedLosses 2023-10-31 05544068 core:RetainedEarningsAccumulatedLosses 2022-10-31 05544068 core:PlantMachinery 2022-10-31 05544068 core:Vehicles 2022-10-31 05544068 core:FurnitureFittings 2022-10-31 05544068 core:PlantMachinery 2023-10-31 05544068 core:Vehicles 2023-10-31 05544068 core:FurnitureFittings 2023-10-31 05544068 2022-11-01 2023-10-31 05544068 bus:FilletedAccounts 2022-11-01 2023-10-31 05544068 bus:SmallEntities 2022-11-01 2023-10-31 05544068 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 05544068 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05544068 bus:Director1 2022-11-01 2023-10-31 05544068 bus:Director2 2022-11-01 2023-10-31 05544068 bus:CompanySecretary1 2022-11-01 2023-10-31 05544068 core:PlantMachinery 2022-11-01 2023-10-31 05544068 core:Vehicles 2022-11-01 2023-10-31 05544068 core:FurnitureFittings 2022-11-01 2023-10-31 05544068 2021-11-01 2022-10-31 05544068 core:Non-currentFinancialInstruments 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 05544068 (England and Wales)

BAYPOINT SURVEYS LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

BAYPOINT SURVEYS LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

BAYPOINT SURVEYS LIMITED

BALANCE SHEET

As at 31 October 2023
BAYPOINT SURVEYS LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 135,857 155,790
135,857 155,790
Current assets
Debtors 4 75,006 136,033
Cash at bank and in hand 85,520 126,114
160,526 262,147
Creditors: amounts falling due within one year 5 ( 73,906) ( 91,307)
Net current assets 86,620 170,840
Total assets less current liabilities 222,477 326,630
Creditors: amounts falling due after more than one year 6 ( 33,474) ( 45,792)
Provision for liabilities ( 25,813) ( 29,600)
Net assets 163,190 251,238
Capital and reserves
Called-up share capital 100 100
Profit and loss account 163,090 251,138
Total shareholders' funds 163,190 251,238

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Baypoint Surveys Limited (registered number: 05544068) were approved and authorised for issue by the Board of Directors on 18 April 2024. They were signed on its behalf by:

S Bazeley
Director
BAYPOINT SURVEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
BAYPOINT SURVEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Baypoint Surveys Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 82 Castle Lane West, Bournemouth, Dorset, BH9 3JU.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised when the sale of services for surveying is provided.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 7

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 November 2022 145,373 133,020 108,814 387,207
Additions 12,776 0 106 12,882
At 31 October 2023 158,149 133,020 108,920 400,089
Accumulated depreciation
At 01 November 2022 108,397 50,452 72,568 231,417
Charge for the financial year 9,036 16,514 7,265 32,815
At 31 October 2023 117,433 66,966 79,833 264,232
Net book value
At 31 October 2023 40,716 66,054 29,087 135,857
At 31 October 2022 36,976 82,568 36,246 155,790

4. Debtors

2023 2022
£ £
Trade debtors 72,355 134,767
Other debtors 2,651 1,266
75,006 136,033

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,318 10
Corporation tax 9,844 16,604
Other taxation and social security 38,080 44,319
Obligations under finance leases and hire purchase contracts 12,318 12,318
Other creditors 12,346 18,056
73,906 91,307

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts (secured) 33,474 45,792

Obligations under finance leases and hire purchase contracts are secured against the company assets to which it relates.

7. Financial commitments

Other financial commitments

2023 2022
£ £
Other financial commitments 10,700 10,700