1 January 2023 false No description of principal activity Taxfiler 2024.5 08823329business:PrivateLimitedCompanyLtd2023-01-012023-12-31 088233292022-12-31 088233292023-01-012023-12-31 08823329business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 08823329business:AbridgedAccounts2023-01-012023-12-31 088233292023-12-31 088233292022-12-31 08823329core:WithinOneYear2023-12-31 08823329core:WithinOneYear2022-12-31 08823329core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08823329core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 08823329core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08823329core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 08823329core:PreviouslyStatedAmount2023-12-31 08823329core:PreviouslyStatedAmount2022-12-31 08823329business:SmallEntities2023-01-012023-12-31 08823329business:Director12023-01-012023-12-31 08823329countries:EnglandWales2023-01-012023-12-31 08823329core:MotorVehicles2023-01-012023-12-31 088233292022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08823329 (England and Wales)
Bainsy Limited Unaudited accounts for the year ended 31 December 2023
Bainsy Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,890 
21,187 
Current assets
Debtors
14,400 
17,160 
Cash at bank and in hand
176,486 
113,535 
190,886 
130,695 
Creditors: amounts falling due within one year
(32,767)
(13,605)
Net current assets
158,119 
117,090 
Net assets
174,009 
138,277 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
174,007 
138,275 
Shareholders' funds
174,009 
138,277 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 2 September 2024 and were signed on its behalf by
H.Bains Director Company Registration No. 08823329
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Bainsy Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Bainsy Limited is a private company, limited by shares, registered in England and Wales, registration number 08823329.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Motor vehicles
Reducing balance - 25%
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
28,250 
At 31 December 2023
28,250 
Depreciation
At 1 January 2023
7,063 
Charge for the year
5,297 
At 31 December 2023
12,360 
Net book value
At 31 December 2023
15,890 
At 31 December 2022
21,187 
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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