Company Registration No. 07889267 (England and Wales)
Anders Bayley Scott Ltd
Unaudited accounts
for the year ended 31 December 2023
Anders Bayley Scott Ltd
Unaudited accounts
Contents
Anders Bayley Scott Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr A G G Laverick
Mr K M Ceurvorst
Mr S J Adams
Mr C Hare
Company Number
07889267 (England and Wales)
Registered Office
The Old Station Master's House
Station Road, Stoke D'Abernon
Cobham
Surrey
KT11 3BW
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Anders Bayley Scott Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
2,341
3,183
Cash at bank and in hand
492,643
510,537
Creditors: amounts falling due within one year
(91,154)
(102,741)
Net current assets
454,754
473,772
Net assets
457,095
476,955
Called up share capital
20,000
20,000
Profit and loss account
437,095
456,955
Shareholders' funds
457,095
476,955
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Mr A G G Laverick
Director
Company Registration No. 07889267
Anders Bayley Scott Ltd
Notes to the Accounts
for the year ended 31 December 2023
Anders Bayley Scott Ltd is a private company, limited by shares, registered in England and Wales, registration number 07889267. The registered office is The Old Station Master's House, Station Road, Stoke D'Abernon, Cobham, Surrey, KT11 3BW.
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 year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The accounts are presented in £ sterling.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% straight line basis
Computer equipment
33% straight line basis
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Anders Bayley Scott Ltd
Notes to the Accounts
for the year ended 31 December 2023
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Anders Bayley Scott Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,499
13,211
14,710
At 31 December 2023
1,799
13,760
15,559
At 1 January 2023
1,403
10,124
11,527
Charge for the year
60
1,631
1,691
At 31 December 2023
1,463
11,755
13,218
At 31 December 2023
336
2,005
2,341
At 31 December 2022
96
3,087
3,183
Amounts falling due within one year
Trade debtors
10,524
19,310
Accrued income and prepayments
23,198
24,910
Other debtors
19,543
21,756
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,536
9,826
Taxes and social security
82,411
88,713
Loans from directors
785
2
Allotted, called up and fully paid:
11,000 A Ordinary shares of £1 each
11,000
11,000
9,000 B Ordinary shares of £1 each
9,000
9,000
8
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,800
10,400
Anders Bayley Scott Ltd
Notes to the Accounts
for the year ended 31 December 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free, repayable on demand loan
2,756
3,367
5,580
543
During the year, a Director was advanced £543. This has been repaid in full post year-end.
10
Average number of employees
During the year the average number of employees was 15 (2022: 14).