Company Registration No. 04781609 (England and Wales)
Bay Wood Services Limited
Unaudited accounts
for the year ended 31 May 2024
Bay Wood Services Limited
Unaudited accounts
Contents
Bay Wood Services Limited
Company Information
for the year ended 31 May 2024
Directors
Mr G Harrison
Mr E Harrison
Company Number
04781609 (England and Wales)
Registered Office
Northgate
White Lund Industrial estate
Morecambe
Lancashire
LA3 3AY
Accountants
Blend Accountants
First Floor Brunel House
9 Penrod Way
Heysham
Lancashire
LA3 2UZ
Bay Wood Services Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,402
1,869
Cash at bank and in hand
56,161
41,168
Creditors: amounts falling due within one year
(43,583)
(43,640)
Net current assets
29,297
12,585
Called up share capital
1
1
Profit and loss account
30,698
15,453
Shareholders' funds
30,699
15,454
For the year ending 31 May 2024 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 16 August 2024 and were signed on its behalf by
Mr G Harrison
Director
Company Registration No. 04781609
Bay Wood Services Limited
Notes to the Accounts
for the year ended 31 May 2024
Bay Wood Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04781609. The registered office is Northgate, White Lund Industrial estate, Morecambe, Lancashire, LA3 3AY.
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.
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.
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
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
40% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Bay Wood Services Limited
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
2,917
22,940
600
26,457
At 31 May 2024
2,917
22,940
600
26,457
At 1 June 2023
2,663
21,325
600
24,588
Charge for the year
63
404
-
467
At 31 May 2024
2,726
21,729
600
25,055
At 31 May 2024
191
1,211
-
1,402
At 31 May 2023
254
1,615
-
1,869
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
21,025
25,026
Taxes and social security
11,727
7,579
Loans from directors
3,355
2,488
8
Average number of employees
During the year the average number of employees was 3 (2023: 5).