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REGISTERED NUMBER: 09805292 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Andy Bailey Lighting Ltd

Andy Bailey Lighting Ltd (Registered number: 09805292)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andy Bailey Lighting Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr A Bailey





REGISTERED OFFICE: C/O City Chartered Accountants
540 5th Floor Linen Hall
162-168 Regent Street
London
W1B 5TF





REGISTERED NUMBER: 09805292 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

Andy Bailey Lighting Ltd (Registered number: 09805292)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,763 30,350

CURRENT ASSETS
Stocks 30,000 40,000
Debtors 5 8,334 15,503
Cash at bank 8,877 65,442
47,211 120,945
CREDITORS
Amounts falling due within one year 6 (41,275 ) (89,955 )
NET CURRENT ASSETS 5,936 30,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,699

61,340

CREDITORS
Amounts falling due after more than one
year

7

(26,160

)

(34,108

)
NET ASSETS 2,539 27,232

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,538 27,231
SHAREHOLDERS' FUNDS 2,539 27,232

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Andy Bailey Lighting Ltd (Registered number: 09805292)

Balance Sheet - continued
31 October 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 31 July 2024 and were signed by:





Mr A Bailey - Director


Andy Bailey Lighting Ltd (Registered number: 09805292)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Andy Bailey Lighting 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 etc - 25% on reducing balance

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

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.

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 - 2 ) .

Andy Bailey Lighting Ltd (Registered number: 09805292)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 35,023
DEPRECIATION
At 1 November 2022 4,673
Charge for year 7,587
At 31 October 2023 12,260
NET BOOK VALUE
At 31 October 2023 22,763
At 31 October 2022 30,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 7,966 15,135
Other debtors 368 368
8,334 15,503

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 2,948 2,948
Trade creditors - 1
Taxation and social security 4,781 17,425
Other creditors 28,546 64,581
41,275 89,955

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 7,967 12,967
Hire purchase contracts 18,193 21,141
26,160 34,108

Andy Bailey Lighting Ltd (Registered number: 09805292)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RELATED PARTY DISCLOSURES

At the year end the Company owed the Director £28,545 (2022: £64,582)

During the period, total dividends of £27,700 (2022: £37,700) were paid to the Director.