IRIS Accounts Production v24.2.0.383 05447885 Board of Directors 1.10.22 30.9.23 30.9.23 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054478852022-09-30054478852023-09-30054478852022-10-012023-09-30054478852021-09-30054478852021-10-012022-09-30054478852022-09-3005447885ns15:EnglandWales2022-10-012023-09-3005447885ns14:PoundSterling2022-10-012023-09-3005447885ns10:Director12022-10-012023-09-3005447885ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3005447885ns10:SmallEntities2022-10-012023-09-3005447885ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3005447885ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3005447885ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3005447885ns10:FullAccounts2022-10-012023-09-300544788512022-10-012023-09-3005447885ns10:OrdinaryShareClass12022-10-012023-09-3005447885ns10:Director22022-10-012023-09-3005447885ns10:CompanySecretary12022-10-012023-09-3005447885ns10:RegisteredOffice2022-10-012023-09-3005447885ns5:CurrentFinancialInstruments2023-09-3005447885ns5:CurrentFinancialInstruments2022-09-3005447885ns5:ShareCapital2023-09-3005447885ns5:ShareCapital2022-09-3005447885ns5:RetainedEarningsAccumulatedLosses2023-09-3005447885ns5:RetainedEarningsAccumulatedLosses2022-09-3005447885ns5:NetGoodwill2022-10-012023-09-3005447885ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3005447885ns5:FurnitureFittings2022-10-012023-09-3005447885ns5:NetGoodwill2022-09-3005447885ns5:NetGoodwill2023-09-3005447885ns5:NetGoodwill2022-09-3005447885ns5:FurnitureFittings2022-09-3005447885ns5:ComputerEquipment2022-09-3005447885ns5:ComputerEquipment2022-10-012023-09-3005447885ns5:FurnitureFittings2023-09-3005447885ns5:ComputerEquipment2023-09-3005447885ns5:FurnitureFittings2022-09-3005447885ns5:ComputerEquipment2022-09-3005447885ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3005447885ns5:WithinOneYearns5:CurrentFinancialInstruments2022-09-3005447885ns10:OrdinaryShareClass12023-09-3005447885ns5:RetainedEarningsAccumulatedLosses2022-09-3005447885ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3005447885ns10:Director222022-09-3005447885ns10:Director222021-09-3005447885ns10:Director222022-10-012023-09-3005447885ns10:Director222021-10-012022-09-3005447885ns10:Director222023-09-3005447885ns10:Director222022-09-30054478851ns10:Director12022-09-30054478851ns10:Director12021-09-30054478851ns10:Director12022-10-012023-09-30054478851ns10:Director12021-10-012022-09-30054478851ns10:Director12023-09-30054478851ns10:Director12022-09-30














BAY ADVOCATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






BAY ADVOCATES LIMITED (REGISTERED NUMBER: 05447885)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAY ADVOCATES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: P D Miles
M J Salloway





SECRETARY: P D Miles





REGISTERED OFFICE: Office 1.12
Torbay Business Centre
Lymington Road
Torquay
Devon
TQ1 4BD





REGISTERED NUMBER: 05447885 (England and Wales)





ACCOUNTANTS: Barretts
Chartered Accountants &
Chartered Tax Advisers
22 Union Street
Newton Abbot
Devon
TQ12 2JS

BAY ADVOCATES LIMITED (REGISTERED NUMBER: 05447885)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,867 2,358
1,867 2,358

CURRENT ASSETS
Debtors 6 82,699 80,828
Cash at bank and in hand 2,262 42,560
84,961 123,388
CREDITORS
Amounts falling due within one year 7 81,539 114,956
NET CURRENT ASSETS 3,422 8,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,289

10,790

CAPITAL AND RESERVES
Called up share capital 8 90 90
Retained earnings 9 5,199 10,700
SHAREHOLDERS' FUNDS 5,289 10,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:



M J Salloway - Director


BAY ADVOCATES LIMITED (REGISTERED NUMBER: 05447885)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Bay Advocates 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

BAY ADVOCATES LIMITED (REGISTERED NUMBER: 05447885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 100,000
AMORTISATION
At 1 October 2022
and 30 September 2023 100,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 19,740 2,456 22,196
DEPRECIATION
At 1 October 2022 19,740 98 19,838
Charge for year - 491 491
At 30 September 2023 19,740 589 20,329
NET BOOK VALUE
At 30 September 2023 - 1,867 1,867
At 30 September 2022 - 2,358 2,358

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,930 22,330
Other debtors - 2,865
Directors' current accounts 56,044 42,908
Tax 12,725 12,725
82,699 80,828

BAY ADVOCATES LIMITED (REGISTERED NUMBER: 05447885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,589 60,028
Trade creditors 4,458 4,656
Tax 15,141 10,517
VAT 10,923 15,989
Other creditors 22,428 23,766
81,539 114,956

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary 1 90 90

9. RESERVES
Retained
earnings
£   

At 1 October 2022 10,700
Profit for the year 59,499
Dividends (65,000 )
At 30 September 2023 5,199

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
P D Miles
Balance outstanding at start of year 21,339 23,937
Amounts advanced 6,782 75,077
Amounts repaid - (77,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,121 21,339

M J Salloway
Balance outstanding at start of year 21,569 23,727
Amounts advanced 6,355 75,517
Amounts repaid - (77,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,924 21,569