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Registered number: 01007746
Bay Tree Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
James Khan
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01007746
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,826 7,771
5,826 7,771
CURRENT ASSETS
Stocks 5 38,000 35,000
Debtors 6 6,964 15,031
Cash at bank and in hand (1,152 ) 1,217
43,812 51,248
Creditors: Amounts Falling Due Within One Year 7 (33,553 ) (31,498 )
NET CURRENT ASSETS (LIABILITIES) 10,259 19,750
TOTAL ASSETS LESS CURRENT LIABILITIES 16,085 27,521
Creditors: Amounts Falling Due After More Than One Year 8 (12,077 ) (23,383 )
NET ASSETS 4,008 4,138
CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Profit and Loss Account 8 138
SHAREHOLDERS' FUNDS 4,008 4,138
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Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Bryan Bird
Director
09/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Bay Tree Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01007746 . The registered office is The Bay Tree, High Street, Cowbridge, Glamorgan, CF71 7AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 15,400 21,505 1,249 38,154
As at 31 January 2024 15,400 21,505 1,249 38,154
Depreciation
As at 1 February 2023 8,904 20,630 849 30,383
Provided during the period 1,624 220 101 1,945
As at 31 January 2024 10,528 20,850 950 32,328
Net Book Value
As at 31 January 2024 4,872 655 299 5,826
As at 1 February 2023 6,496 875 400 7,771
5. Stocks
2024 2023
£ £
Finished goods 38,000 35,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,500 5,500
Director's loan account 2,464 9,531
6,964 15,031
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,429 1,767
Trade creditors - 48
Bank loans and overdrafts 13,431 15,732
Corporation tax 6,071 7,745
Other taxes and social security 27 34
VAT 7,379 5,112
Accruals and deferred income 4,216 1,060
33,553 31,498
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,326 5,300
Bank loans 10,751 18,083
12,077 23,383
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,429 1,767
Later than one year and not later than five years 1,326 5,300
3,755 7,067
3,755 7,067
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,000 4,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans from the directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Bryan Bird 9,531 14,747 (21,814 ) - 2,464
The above loan is unsecured, interest free and repayable on demand.
The director has undertaken to repay this loan within 9 months of the financial year-end.
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