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Registered number: 09686590
Bailey Jude Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
LPTA Limited
Chartered Certified Accountants
Priory Road
Priory Place
Tiptree
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09686590
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,015 4,737
5,015 4,737
CURRENT ASSETS
Debtors 5 49,474 51,977
49,474 51,977
Creditors: Amounts Falling Due Within One Year 6 (183,544 ) (179,239 )
NET CURRENT ASSETS (LIABILITIES) (134,070 ) (127,262 )
TOTAL ASSETS LESS CURRENT LIABILITIES (129,055 ) (122,525 )
Creditors: Amounts Falling Due After More Than One Year 7 (23,262 ) (23,262 )
NET LIABILITIES (152,317 ) (145,787 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account (152,320 ) (145,790 )
SHAREHOLDERS' FUNDS (152,317) (145,787)
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For the year ending 31 July 2023 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 David St Martin
Director
26th July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bailey Jude Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09686590 . The registered office is Priory Place Priory Road, Tiptree, Colchester, CO5 0QE.
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:
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 3,342 10,436 13,778
Additions 1,532 - 1,532
As at 31 July 2023 4,874 10,436 15,310
Depreciation
As at 1 August 2022 2,493 6,548 9,041
Provided during the period 477 777 1,254
As at 31 July 2023 2,970 7,325 10,295
Net Book Value
As at 31 July 2023 1,904 3,111 5,015
As at 1 August 2022 849 3,888 4,737
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 336
HMRC S455 16,935 16,935
Director's loan account 32,539 34,706
49,474 51,977
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 2,193
Bank loans and overdrafts 18,613 14,304
Other taxes and social security - 13
VAT 2,936 454
The Next Step Care Limited Loan 157,000 157,000
TNS Care Limited 4,000 4,000
Accruals and deferred income 995 1,275
183,544 179,239
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 23,262 23,262
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr & Mrs David St Martin by virtue of his ownership of 100% of the issued share capital in the company.
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