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Company Registration No. SC716767 (Scotland)
By Bay Interiors Ltd Accounts for the year ended 31 December 2023
By Bay Interiors Ltd Accounts Contents
Page
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By Bay Interiors Ltd Company Information for the year ended 31 December 2023
Director
Greig David Elder
Company Number
SC716767 (Scotland)
Registered Office
27 Wayfarers Drive Dalgety Bay Dunfermline KY11 9GE Scotland
Accountants
Norman Hewitt Falkirk Business Hub 45 Vicar Street FALKIRK Scotland FK1 1LL
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By Bay Interiors Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,689 
988 
Current assets
Inventories
3,900 
3,900 
Debtors
1,025 
1,790 
Cash at bank and in hand
1,928 
2,208 
6,853 
7,898 
Creditors: amounts falling due within one year
(8,832)
(2,013)
Net current (liabilities)/assets
(1,979)
5,885 
Net assets
710 
6,873 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
709 
6,872 
Shareholders' funds
710 
6,873 
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.
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 18 September 2024 and were signed on its behalf by
Greig David Elder Director Company Registration No. SC716767
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By Bay Interiors Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
By Bay Interiors Ltd is a private company, limited by shares, registered in Scotland, registration number SC716767. The registered office is 27 Wayfarers Drive, Dalgety Bay, Dunfermline, KY11 9GE, Scotland.
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 basis
Computer equipment
25% reducing balance basis
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
801 
516 
1,317 
Additions
2,597 
- 
2,597 
At 31 December 2023
3,398 
516 
3,914 
Depreciation
At 1 January 2023
200 
129 
329 
Charge for the year
799 
97 
896 
At 31 December 2023
999 
226 
1,225 
Net book value
At 31 December 2023
2,399 
290 
2,689 
At 31 December 2022
601 
387 
988 
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By Bay Interiors Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,790 
Trade debtors
1,025 
- 
1,025 
1,790 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,748 
- 
VAT
3,084 
- 
Taxes and social security
- 
2,013 
8,832 
2,013 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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