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REGISTERED NUMBER: 07013831 (England and Wales)










Unaudited Financial Statements

For The Period 1 October 2022 to 31 March 2024

for

Bai Construction Ltd

Bai Construction Ltd (Registered number: 07013831)






Contents of the Financial Statements
For The Period 1 October 2022 to 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Bai Construction Ltd

Company Information
For The Period 1 October 2022 to 31 March 2024







DIRECTORS: P J Baily
Mrs H R Baily





REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN





REGISTERED NUMBER: 07013831 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Bai Construction Ltd (Registered number: 07013831)

Abridged Balance Sheet
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,185 -

CURRENT ASSETS
Debtors 8,510 -
Cash at bank 36,365 101
44,875 101
CREDITORS
Amounts falling due within one year 41,685 -
NET CURRENT ASSETS 3,190 101
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,375

101

CREDITORS
Amounts falling due after more than one
year

15,000

-
NET ASSETS 2,375 101

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 2,285 11
SHAREHOLDERS' FUNDS 2,375 101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bai Construction Ltd (Registered number: 07013831)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





P J Baily - Director


Bai Construction Ltd (Registered number: 07013831)

Notes to the Financial Statements
For The Period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

Bai Construction Ltd 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.

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 - 25% on cost
Motor vehicles - 25% on cost

Bai Construction Ltd (Registered number: 07013831)

Notes to the Financial Statements - continued
For The Period 1 October 2022 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

Bai Construction Ltd (Registered number: 07013831)

Notes to the Financial Statements - continued
For The Period 1 October 2022 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 1,040
Additions 17,299
At 31 March 2024 18,339
DEPRECIATION
At 1 October 2022 1,040
Charge for period 3,114
At 31 March 2024 4,154
NET BOOK VALUE
At 31 March 2024 14,185
At 30 September 2022 -