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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
Page
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Bay Wood Services Limited Company Information for the year ended 31 May 2024
Directors
Mr G Harrison Mr E Harrison
Secretary
Mrs J 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
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Bay Wood Services Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,000 
Tangible assets
1,402 
1,869 
1,402 
2,869 
Current assets
Inventories
13,474 
10,842 
Debtors
3,245 
4,215 
Cash at bank and in hand
56,161 
41,168 
72,880 
56,225 
Creditors: amounts falling due within one year
(43,583)
(43,640)
Net current assets
29,297 
12,585 
Net assets
30,699 
15,454 
Capital and reserves
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
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Bay Wood Services Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
40% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
80,000 
At 31 May 2024
80,000 
Amortisation
At 1 June 2023
79,000 
Charge for the year
1,000 
At 31 May 2024
80,000 
Net book value
At 31 May 2024
- 
At 31 May 2023
1,000 
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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 
Depreciation
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 
Net book value
At 31 May 2024
191 
1,211 
- 
1,402 
At 31 May 2023
254 
1,615 
- 
1,869 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,245 
4,215 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,230 
8,301 
Trade creditors
21,025 
25,026 
Taxes and social security
11,727 
7,579 
Loans from directors
3,355 
2,488 
Accruals
246 
246 
43,583 
43,640 
8
Average number of employees
During the year the average number of employees was 3 (2023: 5).
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