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Company Registration No. 13792192 (England and Wales)
Bay Security Solutions Ltd Unaudited accounts for the year ended 31 December 2023
Bay Security Solutions Ltd Unaudited accounts Contents
Page
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Bay Security Solutions Ltd Company Information for the year ended 31 December 2023
Directors
Mr M R Heaselden Miss N Hayter
Company Number
13792192 (England and Wales)
Registered Office
33 Sturcombe Avenue Paignton Devon TQ4 7EB England
Accountants
Dennis Accountants 4 Second Avenue Torquay Devon TQ1 4JE
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Bay Security Solutions Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,860 
463 
Current assets
Debtors
8,091 
891 
Cash at bank and in hand
27,023 
21,878 
35,114 
22,769 
Creditors: amounts falling due within one year
(15,080)
(10,439)
Net current assets
20,034 
12,330 
Total assets less current liabilities
23,894 
12,793 
Provisions for liabilities
Other provisions
(734)
(88)
Net assets
23,160 
12,705 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,060 
12,605 
Shareholders' funds
23,160 
12,705 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Mr M R Heaselden Director Company Registration No. 13792192
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Bay Security Solutions Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Bay Security Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13792192. The registered office is 33 Sturcombe Avenue, Paignton, Devon, TQ4 7EB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Computer equipment
25% on cost
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
297 
- 
300 
597 
Additions
- 
4,400 
- 
4,400 
At 31 December 2023
297 
4,400 
300 
4,997 
Depreciation
At 1 January 2023
59 
- 
75 
134 
Charge for the year
48 
880 
75 
1,003 
At 31 December 2023
107 
880 
150 
1,137 
Net book value
At 31 December 2023
190 
3,520 
150 
3,860 
At 31 December 2022
238 
- 
225 
463 
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Bay Security Solutions Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,479 
891 
Accrued income and prepayments
612 
- 
8,091 
891 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,550 
2,045 
Taxes and social security
9,833 
3,388 
Loans from directors
807 
3,741 
Accruals
890 
1,265 
15,080 
10,439 
7
Average number of employees
During the year the average number of employees was 2 (2022: 0).
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