CROMPTON BAILEY LIMITED

Company Registration Number:
01432135 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

CROMPTON BAILEY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

CROMPTON BAILEY LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 13,844 16,226
Total fixed assets: 13,844 16,226
Current assets
Debtors: 4 443,241 289,060
Cash at bank and in hand: 776,512 641,982
Total current assets: 1,219,753 931,042
Creditors: amounts falling due within one year: 5 (795,441) (668,714)
Net current assets (liabilities): 424,312 262,328
Total assets less current liabilities: 438,156 278,554
Total net assets (liabilities): 438,156 278,554
Capital and reserves
Called up share capital: 2,000 2,000
Profit and loss account: 436,156 276,554
Shareholders funds: 438,156 278,554

The notes form part of these financial statements

CROMPTON BAILEY LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 October 2024
and signed on behalf of the board by:

Name: G Crompton
Status: Director

The notes form part of these financial statements

CROMPTON BAILEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost and 25% on cost

Other accounting policies

Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current and 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. 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.

CROMPTON BAILEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 11 11

CROMPTON BAILEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 70,050
Additions 5,246
At 31 October 2023 75,296
Depreciation
At 01 November 2022 53,824
Charge for year 7,628
At 31 October 2023 61,452
Net book value
At 31 October 2023 13,844
At 31 October 2022 16,226

CROMPTON BAILEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 443,241 289,060

CROMPTON BAILEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

Trade creditors - £478,908 Taxation and social security - £82,060 Other creditors - £234,473