Company registration number: 07608667
Unaudited financial statements
for the year ended 31 March 2024
for
Bay Tree Pr Limited
Pages for filing with the Registrar
Company registration number: 07608667
Bay Tree Pr Limited
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 222 488
222 488
Current assets
Debtors 13,592 21,600
Cash at bank and in hand 72,737 63,295
86,329 84,895
Creditors: amounts falling due within
one year
(14,234) (16,526)
Net current assets 72,095 68,369
Total assets less current liabilities 72,317 68,857
Provisions for liabilities (42) (93)
NET ASSETS 72,275 68,764
Capital and reserves
Called up share capital 150 150
Profit and loss account 72,125 68,614
TOTAL EQUITY 72,275 68,764
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07608667
Bay Tree Pr Limited
Balance sheet - continued
as at 31 March 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 16 October 2024 and signed on its behalf by:
Ms G Wilson, Director
16 October 2024
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Bay Tree Pr Limited
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
The company is registered in England and Wales. Its registered number is 07608667. The company is limited by shares. Its registered office is Building 1000, Cambridge Research Park, Waterbeach, Cambridgeshire, CB25 9PD.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Office Equipment - 15% reducing balance
Other fixed assets - 4 years straight line
Computer equipment - 3 years straight line
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Bay Tree Pr Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2023 - 4).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2023 5,301
At 31 March 2024 5,301
Depreciation
At 1 April 2023 4,813
Charge for year 266
At 31 March 2024 5,079
Net book value
At 31 March 2024 222
At 31 March 2023 488
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