Registered number
10621850
Baylis Telecoms Limited
Filleted Accounts
29 February 2024
Baylis Telecoms Limited
Registered number: 10621850
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 425 -
Current assets
Debtors 4 - 1,239
Cash at bank and in hand 1,124 8,871
1,124 10,110
Creditors: amounts falling due within one year 5 (6,500) (6,164)
Net current (liabilities)/assets (5,376) 3,946
Net (liabilities)/assets (4,951) 3,946
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,051) 3,846
Shareholder's funds (4,951) 3,946
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Darryl Baylis
Director
Approved by the board on 23 October 2024
Baylis Telecoms Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 1,817
Additions 567
At 29 February 2024 2,384
Depreciation
At 1 March 2023 1,817
Charge for the year 142
At 29 February 2024 1,959
Net book value
At 29 February 2024 425
4 Debtors 2024 2023
£ £
Trade debtors 9,350 9,350
Other debtors (9,350) (8,111)
- 1,239
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,961 5,682
Other creditors (461) 482
6,500 6,164
6 Other information
Baylis Telecoms Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Rissington Avenue
Birmingham
B29 7SX
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