Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true682023-01-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07655943 2023-01-01 2023-12-31 07655943 2022-01-01 2022-12-31 07655943 2023-12-31 07655943 2022-12-31 07655943 c:Director1 2023-01-01 2023-12-31 07655943 d:PlantMachinery 2023-01-01 2023-12-31 07655943 d:PlantMachinery 2023-12-31 07655943 d:PlantMachinery 2022-12-31 07655943 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07655943 d:MotorVehicles 2023-01-01 2023-12-31 07655943 d:MotorVehicles 2023-12-31 07655943 d:MotorVehicles 2022-12-31 07655943 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07655943 d:OfficeEquipment 2023-01-01 2023-12-31 07655943 d:OfficeEquipment 2023-12-31 07655943 d:OfficeEquipment 2022-12-31 07655943 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07655943 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07655943 d:CurrentFinancialInstruments 2023-12-31 07655943 d:CurrentFinancialInstruments 2022-12-31 07655943 d:Non-currentFinancialInstruments 2023-12-31 07655943 d:Non-currentFinancialInstruments 2022-12-31 07655943 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07655943 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07655943 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07655943 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07655943 d:ShareCapital 2023-12-31 07655943 d:ShareCapital 2022-12-31 07655943 d:RetainedEarningsAccumulatedLosses 2023-12-31 07655943 d:RetainedEarningsAccumulatedLosses 2022-12-31 07655943 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07655943 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07655943 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07655943 c:OrdinaryShareClass1 2023-12-31 07655943 c:OrdinaryShareClass1 2022-12-31 07655943 c:FRS102 2023-01-01 2023-12-31 07655943 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07655943 c:FullAccounts 2023-01-01 2023-12-31 07655943 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07655943 2 2023-01-01 2023-12-31 07655943 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07655943









BAYARD CONSTRUCTION LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BAYARD CONSTRUCTION LTD
REGISTERED NUMBER: 07655943

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
47,555
7,286

CURRENT ASSETS
  

Stocks
 5 
8,750
8,750

Debtors: amounts falling due after more than one year
 6 
4,954
-

Debtors: amounts falling due within one year
 6 
306,434
297,571

Cash at bank and in hand
  
233,754
106,398

  
553,892
412,719

Creditors: amounts falling due within one year
 7 
(291,824)
(225,289)

NET CURRENT ASSETS
  
 
 
262,068
 
 
187,430

TOTAL ASSETS LESS CURRENT LIABILITIES
  
309,623
194,716

Creditors: amounts falling due after more than one year
 8 
(14,936)
(25,063)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(11,286)
(1,713)

NET ASSETS
  
283,401
167,940


CAPITAL AND RESERVES
  

Called up share capital 
 10 
100
100

Profit and loss account
  
283,301
167,840

  
283,401
167,940


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
BAYARD CONSTRUCTION LTD
REGISTERED NUMBER: 07655943
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr R C Hyslop
Director

Date: 24 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BAYARD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Bayard Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is Salisbury House, Salisbury Villas, Station Road, Cambridge, CB1 2LA.
The principal trading address is 16 Ronald Rolph Court, Wadloes Road, Cambridge, CB5 8PX.
The company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
straight line
Motor vehicles
-
15%
straight line
Office equipment
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
BAYARD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BAYARD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 8 (2022 - 6).

Page 5

 
BAYARD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 January 2023
18,243
4,995
4,430
27,668


Additions
-
43,744
-
43,744



At 31 December 2023

18,243
48,739
4,430
71,412



DEPRECIATION


At 1 January 2023
14,314
3,747
2,321
20,382


Charge for the year on owned assets
767
2,518
190
3,475



At 31 December 2023

15,081
6,265
2,511
23,857



NET BOOK VALUE



At 31 December 2023
3,162
42,474
1,919
47,555



At 31 December 2022
3,929
1,248
2,109
7,286


5.


STOCKS

2023
2022
£
£

Raw materials and consumables
8,750
8,750

8,750
8,750


Page 6

 
BAYARD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


DEBTORS

2023
2022
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
4,954
-

4,954
-


2023
2022
£
£

DUE WITHIN ONE YEAR

Trade debtors
263,058
211,756

Amounts owed by group undertakings
18,548
60,453

Other debtors
20,064
20,064

Prepayments and accrued income
4,764
5,298

306,434
297,571



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
9,976
9,733

Trade creditors
47,754
97,172

Corporation tax
25,977
5,498

Other taxation and social security
101,947
59,194

Other creditors
1,373
992

Accruals and deferred income
104,797
52,700

291,824
225,289


Included in bank loans is a Government backed 'bounce back' loan of £9,976 (2022 - £9,733). The interest rate is 2.5% per annum.

Page 7

 
BAYARD CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
14,936
25,063


Included in bank loans is a Government backed 'bounce back' loan of £14,936 (2022 - £25,063). The interest rate is 2.5% per annum.


9.


DEFERRED TAXATION




2023


£






At beginning of year
1,713


Charged to profit or loss
9,573



AT END OF YEAR
11,286

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
11,286
1,713


10.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 8