Company Registration No. SC716767 (Scotland)
By Bay Interiors Ltd
Accounts
for the year ended 31 December 2023
By Bay Interiors Ltd
Accounts
Contents
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
By Bay Interiors Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
1,928
2,208
Creditors: amounts falling due within one year
(8,832)
(2,013)
Net current (liabilities)/assets
(1,979)
5,885
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
By Bay Interiors Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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 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
At 31 December 2023
3,398
516
3,914
At 1 January 2023
200
129
329
Charge for the year
799
97
896
At 31 December 2023
999
226
1,225
At 31 December 2023
2,399
290
2,689
At 31 December 2022
601
387
988
By Bay Interiors Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,748
-
Taxes and social security
-
2,013
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Average number of employees
During the year the average number of employees was 1 (2022: 1).