E M Bayliss and Partners Limited 03173838 false 2023-04-01 2024-09-30 2024-09-30 The principal activity of the company is is that of architects Digita Accounts Production Advanced 6.30.9574.0 true true 03173838 2023-04-01 2024-09-30 03173838 2024-09-30 03173838 core:CurrentFinancialInstruments 2024-09-30 03173838 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 03173838 core:FurnitureFittingsToolsEquipment 2024-09-30 03173838 core:MotorVehicles 2024-09-30 03173838 bus:SmallEntities 2023-04-01 2024-09-30 03173838 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-09-30 03173838 bus:FilletedAccounts 2023-04-01 2024-09-30 03173838 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-09-30 03173838 bus:RegisteredOffice 2023-04-01 2024-09-30 03173838 bus:Director1 2023-04-01 2024-09-30 03173838 bus:Director7 2023-04-01 2024-09-30 03173838 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 03173838 core:Goodwill 2023-04-01 2024-09-30 03173838 core:FurnitureFittings 2023-04-01 2024-09-30 03173838 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-09-30 03173838 core:MotorVehicles 2023-04-01 2024-09-30 03173838 countries:England 2023-04-01 2024-09-30 03173838 2023-03-31 03173838 core:FurnitureFittingsToolsEquipment 2023-03-31 03173838 core:MotorVehicles 2023-03-31 03173838 2022-04-01 2023-03-31 03173838 2023-03-31 03173838 core:CurrentFinancialInstruments 2023-03-31 03173838 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03173838 core:FurnitureFittingsToolsEquipment 2023-03-31 03173838 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 03173838

E M Bayliss and Partners Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 1 April 2023 to 30 September 2024

 

E M Bayliss and Partners Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

E M Bayliss and Partners Limited

Company Information

Directors

Mr Tim Morley

Mrs Lisa Joanne Morley

Registered office

The Studio
17 Victoria Gardens
Lichfield
Staffordshire
WS13 8BG

Accountants

David Evans & Co Limited
Business and Tax Advisors
Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

 

E M Bayliss and Partners Limited

(Registration number: 03173838)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

3,161

Current assets

 

Stocks

5

-

1,533

Debtors

10,286

68,490

Cash at bank and in hand

 

266,231

370,769

 

276,517

440,792

Prepayments and accrued income

 

-

13,240

Creditors: Amounts falling due within one year

(41,422)

(50,867)

Net current assets

 

235,095

403,165

Total assets less current liabilities

 

235,095

406,326

Accruals and deferred income

 

(2,400)

(27,751)

Net assets

 

232,695

378,575

Capital and reserves

 

Called up share capital

375

375

Capital redemption reserve

75

75

Retained earnings

232,245

378,125

Shareholders' funds

 

232,695

378,575

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

E M Bayliss and Partners Limited

(Registration number: 03173838)
Abridged Balance Sheet as at 30 September 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2024 and signed on its behalf by:
 

.........................................
Mrs Lisa Joanne Morley
Director

 

E M Bayliss and Partners Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Studio
17 Victoria Gardens
Lichfield
Staffordshire
WS13 8BG

These financial statements were authorised for issue by the Board on 30 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

E M Bayliss and Partners Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 September 2024

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balacne basis

Fixtures and fittings

25% reducing balance basis

Amortisation

Asset class

Amortisation method and rate

Goodwill

5% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

E M Bayliss and Partners Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 4).

 

E M Bayliss and Partners Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

5,557

51,854

57,411

Disposals

(5,557)

(51,854)

(57,411)

At 30 September 2024

-

-

-

Depreciation

At 1 April 2023

2,398

51,852

54,250

Charge for the period

1,284

-

1,284

Eliminated on disposal

(3,682)

(51,852)

(55,534)

At 30 September 2024

-

-

-

Carrying amount

At 30 September 2024

-

-

-

At 31 March 2023

3,159

2

3,161

5

Stocks

2024
£

2023
£

Work in progress

-

1,533