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REGISTERED NUMBER: 07960010 (England and Wales)









Unaudited Financial Statements

for the Year Ended

29 February 2024

for

BAYLISS HIAB & HAULAGE LTD

BAYLISS HIAB & HAULAGE LTD (Registered number: 07960010)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

BAYLISS HIAB & HAULAGE LTD

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S Bayliss





SECRETARY:





REGISTERED OFFICE: Walnut Grove Mill Lane
Walpole Highway
Wisbech
PE14 7RD





REGISTERED NUMBER: 07960010 (England and Wales)





ACCOUNTANTS: G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS

BAYLISS HIAB & HAULAGE LTD (Registered number: 07960010)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 513,118 564,594

CURRENT ASSETS
Debtors 5 30,882 64,688
Cash at bank 43,611 93,313
74,493 158,001
CREDITORS
Amounts falling due within one year 6 80,368 171,509
NET CURRENT LIABILITIES (5,875 ) (13,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,243

551,086

CREDITORS
Amounts falling due after more than one
year

7

(402,707

)

(457,855

)

PROVISIONS FOR LIABILITIES 8 (26,360 ) (36,408 )
NET ASSETS 78,176 56,823

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,076 56,723
SHAREHOLDERS' FUNDS 78,176 56,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BAYLISS HIAB & HAULAGE LTD (Registered number: 07960010)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2024 and were signed by:





S Bayliss - Director


BAYLISS HIAB & HAULAGE LTD (Registered number: 07960010)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

BAYLISS HIAB & HAULAGE LTD 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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 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.

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 3 (2023 - 3 ) .

BAYLISS HIAB & HAULAGE LTD (Registered number: 07960010)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 619,316
Additions 8,000
At 29 February 2024 627,316
DEPRECIATION
At 1 March 2023 54,722
Charge for year 59,476
At 29 February 2024 114,198
NET BOOK VALUE
At 29 February 2024 513,118
At 28 February 2023 564,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 30,882 14,376
Other debtors - 50,312
30,882 64,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,233 8,463
Hire purchase contracts 46,630 158,810
Trade creditors 2,650 1,647
Taxation and social security 25,511 354
Other creditors 1,344 2,235
80,368 171,509

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 20,584 29,102
Hire purchase contracts 382,123 428,753
402,707 457,855

BAYLISS HIAB & HAULAGE LTD (Registered number: 07960010)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 26,360 36,408

Deferred
tax
£   
Balance at 1 March 2023 36,408
Credit to Income Statement during year (10,048 )
Balance at 29 February 2024 26,360

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the year, Simon Bayliss was owed £745 (2023 £1,634). This represents dividends voted but not yet drawn.

BAYLISS HIAB & HAULAGE LTD

Report of the Accountants to the Director of
BAYLISS HIAB & HAULAGE LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS


30 November 2024