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
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
Bay Security Solutions Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
27,023
21,878
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)
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
Bay Security Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
297
4,400
300
4,997
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
At 31 December 2023
190
3,520
150
3,860
At 31 December 2022
238
-
225
463
Bay Security Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
612
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,833
3,388
Loans from directors
807
3,741
7
Average number of employees
During the year the average number of employees was 2 (2022: 0).