IRIS Accounts Production v24.1.0.578 04956050 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049560502022-11-30049560502023-11-30049560502022-12-012023-11-30049560502021-11-30049560502021-12-012022-11-30049560502022-11-3004956050ns15:EnglandWales2022-12-012023-11-3004956050ns14:PoundSterling2022-12-012023-11-3004956050ns10:Director12022-12-012023-11-3004956050ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3004956050ns10:SmallEntities2022-12-012023-11-3004956050ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3004956050ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3004956050ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3004956050ns10:AbridgedAccounts2022-12-012023-11-300495605012022-12-012023-11-3004956050ns10:RegisteredOffice2022-12-012023-11-3004956050ns5:CurrentFinancialInstruments2023-11-3004956050ns5:CurrentFinancialInstruments2022-11-3004956050ns5:ShareCapital2023-11-3004956050ns5:ShareCapital2022-11-3004956050ns5:RetainedEarningsAccumulatedLosses2023-11-3004956050ns5:RetainedEarningsAccumulatedLosses2022-11-3004956050ns5:NetGoodwill2022-12-012023-11-3004956050ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3004956050ns5:PlantMachinery2022-12-012023-11-30049560501ns10:Director12022-11-30049560501ns10:Director12021-11-30049560501ns10:Director12022-12-012023-11-30049560501ns10:Director12021-12-012022-11-30049560501ns10:Director12023-11-30049560501ns10:Director12022-11-30
REGISTERED NUMBER: 04956050 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BAILIE & BAILIE LTD

BAILIE & BAILIE LTD (REGISTERED NUMBER: 04956050)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BAILIE & BAILIE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: I Bailie





REGISTERED OFFICE: Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN





REGISTERED NUMBER: 04956050 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

BAILIE & BAILIE LTD (REGISTERED NUMBER: 04956050)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 79,031 66,878
79,031 66,878

CURRENT ASSETS
Debtors 106,774 190,358
Cash at bank and in hand 112,031 47,799
218,805 238,157
CREDITORS
Amounts falling due within one year 81,813 71,092
NET CURRENT ASSETS 136,992 167,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,023

233,943

PROVISIONS FOR LIABILITIES 15,016 12,635
NET ASSETS 201,007 221,308

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 201,005 221,306
SHAREHOLDERS' FUNDS 201,007 221,308

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

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

BAILIE & BAILIE LTD (REGISTERED NUMBER: 04956050)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 August 2024 and were signed by:





I Bailie - Director


BAILIE & BAILIE LTD (REGISTERED NUMBER: 04956050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. 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 2003, is being amortised evenly over its estimated useful life of fifteen 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 23 ) .

BAILIE & BAILIE LTD (REGISTERED NUMBER: 04956050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 60,000
AMORTISATION
At 1 December 2022
and 30 November 2023 60,000
NET BOOK VALUE

At 30 November 2023 -
At 30 November 2022 -

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 114,247
Additions 56,567
Disposals (36,975 )
At 30 November 2023 133,839
DEPRECIATION
At 1 December 2022 47,369
Charge for year 20,805
Eliminated on disposal (13,366 )
At 30 November 2023 54,808
NET BOOK VALUE
At 30 November 2023 79,031
At 30 November 2022 66,878

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
I Bailie
Balance outstanding at start of year 30,040 9,605
Amounts advanced 55,189 56,073
Amounts repaid (47,267 ) (35,638 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,962 30,040

BAILIE & BAILIE LTD (REGISTERED NUMBER: 04956050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

£30,000 of the Directors Loan Account balance was repaid within 9 months of the year-end.