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REGISTERED NUMBER: 01691991 (England and Wales)















BAYARD PACKAGING LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2023






BAYARD PACKAGING LIMITED (REGISTERED NUMBER: 01691991)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAYARD PACKAGING LIMITED

Company Information
for the year ended 31 May 2023







DIRECTOR: P R Fox





REGISTERED OFFICE: Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 01691991 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

BAYARD PACKAGING LIMITED (REGISTERED NUMBER: 01691991)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,820 32,688

CURRENT ASSETS
Stocks 38,657 33,765
Debtors 5 67,025 68,862
Cash at bank 1,057 25,212
106,739 127,839
CREDITORS
Amounts falling due within one year 6 83,827 89,619
NET CURRENT ASSETS 22,912 38,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,732

70,908

CREDITORS
Amounts falling due after more than one year 7 (20,000 ) (35,015 )

PROVISIONS FOR LIABILITIES (6,081 ) (5,326 )
NET ASSETS 32,651 30,567

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,551 30,467
SHAREHOLDERS' FUNDS 32,651 30,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BAYARD PACKAGING LIMITED (REGISTERED NUMBER: 01691991)

Balance Sheet - continued
31 May 2023


The 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.

The financial statements were approved by the director and authorised for issue on 16 January 2024 and were signed by:





P R Fox - Director


BAYARD PACKAGING LIMITED (REGISTERED NUMBER: 01691991)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Bayard Packaging Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling which is the functional currency of the company.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 50% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BAYARD PACKAGING LIMITED (REGISTERED NUMBER: 01691991)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022 186,743 9,465 196,208
Additions 10,000 - 10,000
At 31 May 2023 196,743 9,465 206,208
DEPRECIATION
At 1 June 2022 157,531 5,989 163,520
Charge for year 5,882 986 6,868
At 31 May 2023 163,413 6,975 170,388
NET BOOK VALUE
At 31 May 2023 33,330 2,490 35,820
At 31 May 2022 29,212 3,476 32,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,776 57,363
Other debtors 11,249 11,499
67,025 68,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,356 19,367
Trade creditors 33,496 54,194
Taxation and social security 9,719 6,503
Other creditors 25,256 9,555
83,827 89,619

BAYARD PACKAGING LIMITED (REGISTERED NUMBER: 01691991)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,000 35,015

8. RELATED PARTY DISCLOSURES

As at the year end Mr P Fox was owed £22,500 by the company (2022 - £7,000). This loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is P R Fox.