Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11625657 Mr Benjamin Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11625657 2023-03-31 11625657 2024-03-31 11625657 2023-04-01 2024-03-31 11625657 frs-core:CurrentFinancialInstruments 2024-03-31 11625657 frs-core:MotorVehicles 2024-03-31 11625657 frs-core:MotorVehicles 2023-04-01 2024-03-31 11625657 frs-core:MotorVehicles 2023-03-31 11625657 frs-core:PlantMachinery 2024-03-31 11625657 frs-core:PlantMachinery 2023-04-01 2024-03-31 11625657 frs-core:PlantMachinery 2023-03-31 11625657 frs-core:ShareCapital 2024-03-31 11625657 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11625657 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11625657 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11625657 frs-bus:SmallEntities 2023-04-01 2024-03-31 11625657 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11625657 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11625657 frs-bus:Director1 2023-04-01 2024-03-31 11625657 frs-countries:EnglandWales 2023-04-01 2024-03-31 11625657 2022-03-31 11625657 2023-03-31 11625657 2022-04-01 2023-03-31 11625657 frs-core:CurrentFinancialInstruments 2023-03-31 11625657 frs-core:ShareCapital 2023-03-31 11625657 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11625657
Bailey Scaffolding Contractors Ltd
Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11625657
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,917 22,488
15,917 22,488
CURRENT ASSETS
Debtors 5 9,483 11,413
Cash at bank and in hand 1,257 1,343
10,740 12,756
Creditors: Amounts Falling Due Within One Year 6 (24,846 ) (43,014 )
NET CURRENT ASSETS (LIABILITIES) (14,106 ) (30,258 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,811 (7,770 )
NET ASSETS/(LIABILITIES) 1,811 (7,770 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 1,809 (7,772 )
SHAREHOLDERS' FUNDS 1,811 (7,770)
Page 1
Page 2
For the year ending 31 March 2024 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 Benjamin Bailey
Director
18 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bailey Scaffolding Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11625657 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
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, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
2.4. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
The average number of employees, including directors, during the period was as follows: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 41,015 26,296 67,311
Disposals - (3,000 ) (3,000 )
As at 31 March 2024 41,015 23,296 64,311
Depreciation
As at 1 April 2023 28,038 16,785 44,823
Provided during the period 3,244 2,061 5,305
Disposals - (1,734 ) (1,734 )
As at 31 March 2024 31,282 17,112 48,394
Net Book Value
As at 31 March 2024 9,733 6,184 15,917
As at 1 April 2023 12,977 9,511 22,488
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 9,483 11,413
9,483 11,413
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 20,207 34,367
Taxation and social security 4,639 8,647
24,846 43,014
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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