IRIS Accounts Production v24.3.0.553 04700334 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary Shares 1.00000 Ordinary "B" Shares 1.00000 Ordinary "C" Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047003342023-03-31047003342024-03-31047003342023-04-012024-03-31047003342022-03-31047003342022-04-012023-03-31047003342023-03-3104700334ns15:EnglandWales2023-04-012024-03-3104700334ns14:PoundSterling2023-04-012024-03-3104700334ns10:Director12023-04-012024-03-3104700334ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104700334ns10:SmallEntities2023-04-012024-03-3104700334ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104700334ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104700334ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104700334ns10:FullAccounts2023-04-012024-03-3104700334ns10:OrdinaryShareClass12023-04-012024-03-3104700334ns10:OrdinaryShareClass22023-04-012024-03-3104700334ns10:OrdinaryShareClass32023-04-012024-03-3104700334ns10:Director22023-04-012024-03-3104700334ns10:Director32023-04-012024-03-3104700334ns10:RegisteredOffice2023-04-012024-03-3104700334ns5:CurrentFinancialInstruments2024-03-3104700334ns5:CurrentFinancialInstruments2023-03-3104700334ns5:Non-currentFinancialInstruments2024-03-3104700334ns5:Non-currentFinancialInstruments2023-03-3104700334ns5:ShareCapital2024-03-3104700334ns5:ShareCapital2023-03-3104700334ns5:SharePremium2024-03-3104700334ns5:SharePremium2023-03-3104700334ns5:RetainedEarningsAccumulatedLosses2024-03-3104700334ns5:RetainedEarningsAccumulatedLosses2023-03-3104700334ns5:PlantMachinery2023-04-012024-03-3104700334ns5:MotorVehicles2023-04-012024-03-3104700334ns5:ComputerEquipment2023-04-012024-03-3104700334ns5:PlantMachinery2023-03-3104700334ns5:FurnitureFittings2023-03-3104700334ns5:MotorVehicles2023-03-3104700334ns5:ComputerEquipment2023-03-3104700334ns5:FurnitureFittings2023-04-012024-03-3104700334ns5:PlantMachinery2024-03-3104700334ns5:FurnitureFittings2024-03-3104700334ns5:MotorVehicles2024-03-3104700334ns5:ComputerEquipment2024-03-3104700334ns5:PlantMachinery2023-03-3104700334ns5:FurnitureFittings2023-03-3104700334ns5:MotorVehicles2023-03-3104700334ns5:ComputerEquipment2023-03-3104700334ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104700334ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3104700334ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3104700334ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104700334ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104700334ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104700334ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3104700334ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104700334ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3104700334ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104700334ns5:DeferredTaxation2023-03-3104700334ns5:DeferredTaxation2023-04-012024-03-3104700334ns5:DeferredTaxation2024-03-3104700334ns10:OrdinaryShareClass12024-03-3104700334ns10:OrdinaryShareClass22024-03-3104700334ns10:OrdinaryShareClass32024-03-3104700334ns5:RetainedEarningsAccumulatedLosses2023-03-3104700334ns5:SharePremium2023-03-3104700334ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 04700334 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Bayanix Limited

Bayanix Limited (Registered number: 04700334)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bayanix Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr N Bailey
Mr P S Wiltshire
Mrs D Bailey





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 04700334 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Bayanix Limited (Registered number: 04700334)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,550 63,210

CURRENT ASSETS
Debtors 5 631,733 984,460
Prepayments and accrued income 122,440 -
Cash at bank 47,037 11,607
801,210 996,067
CREDITORS
Amounts falling due within one year 6 370,924 620,036
NET CURRENT ASSETS 430,286 376,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,836

439,241

CREDITORS
Amounts falling due after more than
one year

7

(139,422

)

(218,069

)

PROVISIONS FOR LIABILITIES 9 (15,875 ) (12,010 )
NET ASSETS 358,539 209,162

Bayanix Limited (Registered number: 04700334)

Balance Sheet - continued
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 202 202
Share premium 11 5,798 5,798
Retained earnings 11 352,539 203,162
SHAREHOLDERS' FUNDS 358,539 209,162

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2024 and were signed on its behalf by:





Mr N Bailey - Director


Bayanix Limited (Registered number: 04700334)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Bayanix Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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 - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Bayanix Limited (Registered number: 04700334)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 13,447 10,580 92,271 18,921 135,219
Additions 3,137 - 43,622 301 47,060
At 31st March 2024 16,584 10,580 135,893 19,222 182,279
DEPRECIATION
At 1st April 2023 8,187 3,914 43,121 16,787 72,009
Charge for year 2,043 2,116 21,002 1,559 26,720
At 31st March 2024 10,230 6,030 64,123 18,346 98,729
NET BOOK VALUE
At 31st March 2024 6,354 4,550 71,770 876 83,550
At 31st March 2023 5,260 6,666 49,150 2,134 63,210

Bayanix Limited (Registered number: 04700334)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st April 2023
and 31st March 2024 77,606
DEPRECIATION
At 1st April 2023 28,456
Charge for year 15,521
At 31st March 2024 43,977
NET BOOK VALUE
At 31st March 2024 33,629
At 31st March 2023 49,150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 429,345 307,183
Other debtors 202,388 677,277
631,733 984,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts (see note 8) 65,000 65,000
Hire purchase contracts 13,645 12,785
Trade creditors 75,743 351,366
Taxation and social security 149,118 92,955
Other creditors 67,418 97,930
370,924 620,036

Bayanix Limited (Registered number: 04700334)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 8) 109,583 174,583
Hire purchase contracts 29,839 43,486
139,422 218,069

8. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 65,000 65,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 65,000 65,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 44,583 109,583

9. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 15,875 12,010

Deferred
tax
£   
Balance at 1st April 2023 12,010
Charge to Statement of Income and Retained Earnings during year 3,865
Balance at 31st March 2024 15,875

Bayanix Limited (Registered number: 04700334)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
200 Ordinary Shares £1 200 200
1 Ordinary "B" Shares £1 1 1
1 Ordinary "C" Shares £1 1 1
202 202

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st April 2023 203,162 5,798 208,960
Profit for the year 188,177 188,177
Dividends (38,800 ) (38,800 )
At 31st March 2024 352,539 5,798 358,337

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Bailey.