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REGISTERED NUMBER: 09920521 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Jacob Bailey Group Limited

Jacob Bailey Group Limited (Registered number: 09920521)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jacob Bailey Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S R Bailey





REGISTERED OFFICE: 1 Woodbridge Road
Ipswich
Suffolk
IP4 2EA





REGISTERED NUMBER: 09920521 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Jacob Bailey Group Limited (Registered number: 09920521)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,134 8,033
Tangible assets 5 5,793 10,689
7,927 18,722

CURRENT ASSETS
Debtors 6 403,725 363,797
Investments 7 1,132,059 1,132,059
Cash at bank and in hand 18,810 7,216
1,554,594 1,503,072
CREDITORS
Amounts falling due within one year 8 1,141,754 1,101,027
NET CURRENT ASSETS 412,840 402,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,767

420,767

CAPITAL AND RESERVES
Called up share capital 9 876 876
Share premium 37,842 37,842
Retained earnings 382,049 382,049
SHAREHOLDERS' FUNDS 420,767 420,767

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

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

Jacob Bailey Group Limited (Registered number: 09920521)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2024 and were signed by:





S R Bailey - Director


Jacob Bailey Group Limited (Registered number: 09920521)

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

1. STATUTORY INFORMATION

Jacob Bailey Group 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Jacob Bailey Group Limited (Registered number: 09920521)

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

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 29,493
AMORTISATION
At 1 January 2023 21,460
Amortisation for year 5,899
At 31 December 2023 27,359
NET BOOK VALUE
At 31 December 2023 2,134
At 31 December 2022 8,033

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 20,986
DEPRECIATION
At 1 January 2023 10,297
Charge for year 4,896
At 31 December 2023 15,193
NET BOOK VALUE
At 31 December 2023 5,793
At 31 December 2022 10,689

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,019 -
Other debtors 382,475 343,021
Directors' loan accounts 4,559 -
Prepayments and accrued income 11,672 20,776
403,725 363,797

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Shares in group undertakings 1,132,059 1,132,059

Jacob Bailey Group Limited (Registered number: 09920521)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 11,875
Trade creditors 2,235 12,319
VAT 538 6,125
Other creditors 1,136,981 1,070,708
Accruals and deferred income 2,000 -
1,141,754 1,101,027

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
876 Ordinary £1 876 876

10. RELATED PARTY DISCLOSURES

Jacob Bailey Limited


31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 886,474 877,206

032 Design Consultants Limited


31.12.23 31.12.22
£    £   
Amount due (to)/from related party at the balance sheet date (244,687 ) 193,502

Decipher Innovation Limited


31.12.23 31.12.22
£    £   
Amount due from related party at the balance sheet date 286,893 245,578