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REGISTERED NUMBER: 06288503 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st March 2024

for

Baysek Machine & Engineering Limited

Baysek Machine & Engineering Limited (Registered number: 06288503)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Baysek Machine & Engineering Limited

Company Information
For The Year Ended 31st March 2024







DIRECTORS: A J Keighley
M Helbach





REGISTERED OFFICE: Kings Buildings
Lydney
Gloucestershire
GL15 5HE





REGISTERED NUMBER: 06288503 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Baysek Machine & Engineering Limited (Registered number: 06288503)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 45,564 33,295

CURRENT ASSETS
Stocks 6 137,369 120,010
Debtors 7 108,686 79,213
Cash at bank and in hand 81,845 111,628
327,900 310,851
CREDITORS
Amounts falling due within one year 8 177,559 134,891
NET CURRENT ASSETS 150,341 175,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,905

209,255

CREDITORS
Amounts falling due after more than one
year

9

(18,262

)

-

PROVISIONS FOR LIABILITIES 10 (3,237 ) (5,202 )
NET ASSETS 174,406 204,053

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 174,306 203,953
SHAREHOLDERS' FUNDS 174,406 204,053

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

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

Baysek Machine & Engineering Limited (Registered number: 06288503)

Balance Sheet - continued
31st March 2024


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 and authorised for issue by the Board of Directors and authorised for issue on 8th July 2024 and were signed on its behalf by:





A J Keighley - Director


Baysek Machine & Engineering Limited (Registered number: 06288503)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

Baysek Machine & Engineering 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Baysek Machine & Engineering Limited (Registered number: 06288503)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 17,242 57,626 1,863 76,731
Additions - 25,187 958 26,145
At 31st March 2024 17,242 82,813 2,821 102,876
DEPRECIATION
At 1st April 2023 9,585 33,405 446 43,436
Charge for year 1,915 11,303 658 13,876
At 31st March 2024 11,500 44,708 1,104 57,312
NET BOOK VALUE
At 31st March 2024 5,742 38,105 1,717 45,564
At 31st March 2023 7,657 24,221 1,417 33,295

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 137,369 120,010

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 80,257 59,017
Cycle to Work - 897
Other Debtors 3,100 3,100
Tax 4,843 -
VAT 13,725 9,661
Prepayments 6,761 6,538
108,686 79,213

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 114,083 30,594
Tax - 39,792
Social security and other taxes 5,191 4,651
Directors' current accounts 53,806 54,224
Accrued expenses 4,479 5,630
177,559 134,891

Baysek Machine & Engineering Limited (Registered number: 06288503)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 18,262 -

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 3,237 5,202

Deferred
tax
£   
Balance at 1st April 2023 5,202
Provided during year (1,965 )
Balance at 31st March 2024 3,237

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1st April 2023 203,953
Deficit for the year (29,647 )
At 31st March 2024 174,306

13. RELATED PARTY DISCLOSURES

The company supplied goods and services to related companies as follows:

Baysek Machines Inc. £164,423. (2023 £118,218)


The company purchased goods and services from related companies as follows:

Baysek Machines Inc. £31,617 (2023 £74,390)



At the year end the amount owed from Baysek Machines Inc was £6,503 (2023 owed from Baysek Inc £5,420)

The ultimate controlling party is Baysek Machines Inc., a company registered in the United States of America.

Baysek Machine & Engineering Limited (Registered number: 06288503)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

14. PARENT COMPANY

The parent company is Baysek Machines Inc., a company in the United States of America. The registered office is 266 John Street, Amherst, WI 54406 9036.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Baysek Machine & Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baysek Machine & Engineering Limited for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Baysek Machine & Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Baysek Machine & Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Baysek Machine & Engineering Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Baysek Machine & Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Baysek Machine & Engineering Limited. You consider that Baysek Machine & Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Baysek Machine & Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


8th July 2024