Company Registration No. 05712949 (England and Wales)
Bailey Construction (Loughor) Limited
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Bailey Construction (Loughor) Limited
Unaudited accounts
Contents
Bailey Construction (Loughor) Limited
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
05712949 (England and Wales)
Registered Office
46 Penrhos
Gorseinon
Swansea
SA4 4PA
Accountants
Hurleys Accounting Limited
572 Mumbles Road
Mumbles
Swansea
Dyfed
SA3 4DL
Bailey Construction (Loughor) Limited
Statement of financial position
as at 28 February 2024
Cash at bank and in hand
32,455
34,573
Creditors: amounts falling due within one year
(32,321)
(35,525)
Net current assets
6,323
11,113
Called up share capital
1
1
Profit and loss account
6,322
17,716
Shareholders' funds
6,323
17,717
For the period ending 28 February 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
Ian Bailey
Director
Company Registration No. 05712949
Bailey Construction (Loughor) Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Bailey Construction (Loughor) Limited is a private company, limited by shares, registered in England and Wales, registration number 05712949. The registered office is 46 Penrhos, Gorseinon, Swansea, SA4 4PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
7,390
45,101
52,491
At 28 February 2024
7,390
45,101
52,491
At 1 March 2023
7,390
38,497
45,887
Charge for the period
-
6,604
6,604
At 28 February 2024
7,390
45,101
52,491
At 28 February 2023
-
6,604
6,604
Amounts falling due within one year
Bailey Construction (Loughor) Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,444
20,949
Taxes and social security
12,816
6,315
Loans from directors
10,147
7,246
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).