REGISTERED NUMBER: |
P. BAILEY BUILDING CONTRACTORS LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
REGISTERED NUMBER: |
P. BAILEY BUILDING CONTRACTORS LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2024 |
Page |
Abridged Balance Sheet | 1 | to | 2 |
Notes to the Financial Statements | 3 | to | 4 |
P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803) |
ABRIDGED BALANCE SHEET |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803) |
ABRIDGED BALANCE SHEET - continued |
30 April 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
P. Bailey Building Contractors Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
P. BAILEY BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04909803) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2024 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
AMORTISATION |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Goodwill arose from the acquisition of an unincorporated business in 2003. It has been amortized over its estimated useful life of ten years and is now fully written off. |
5. | SECURED DEBTS |
The company has agreed borrowing facilities with its bankers secured by a debenture against all company assets. At the balance sheet date no borrowings were outstanding. |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year, loans advanced to the directors outstanding at the previous year end of £59,205 were repaid in full. The maximum amount of the loan outstanding during the year was £59,205. The loan had interest charged at 2.25% and was repayable on demand. |
7. | RELATED PARTY DISCLOSURES |
There have been no material transactions with any related parties. |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr P Bailey. |
The company is controlled by its directors, by virtue of their shareholdings. |