Registered number
03568521
Bailey Fisher Executive Search Limited
Filleted Accounts
31 March 2024
Bailey Fisher Executive Search Limited
Registered number: 03568521
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,890 10,508
Current assets
Debtors 4 1,236,013 1,174,184
Cash at bank and in hand 61,275 91,629
1,297,288 1,265,813
Creditors: amounts falling due within one year 5 (180,146) (192,120)
Net current assets 1,117,142 1,073,693
Total assets less current liabilities 1,125,032 1,084,201
Creditors: amounts falling due after more than one year 6 (39,851) (25,780)
Provisions for liabilities (2,008) (1,996)
Net assets 1,083,173 1,056,425
Capital and reserves
Called up share capital 1,800 1,800
Profit and loss account 1,081,373 1,054,625
Shareholders' funds 1,083,173 1,056,425
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr A J Moore
Director
Approved by the board on 3 December 2024
Bailey Fisher Executive Search Limited
Notes to the Accounts
for the year ended 31 March 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 rendering of services.

Turnover from the rendering of services is recognised when the company obtains the right to consideration. Sales invoiced in advance are recognised as deferred income and sales invoiced in arrears recognised as accrued income.
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:
Computer equipment over 3 years
Furniture & Fittings over 5 years
Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating to either revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset.
Financial instruments
All of the company's financial instruments are considered to be basic. Basic financial instruments are recognised at amortised cost.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 9
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 20,764
Additions 2,356
At 31 March 2024 23,120
Depreciation
At 1 April 2023 10,256
Charge for the year 4,974
At 31 March 2024 15,230
Net book value
At 31 March 2024 7,890
At 31 March 2023 10,508
4 Debtors 2024 2023
£ £
Trade debtors 80,040 216,900
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,079,701 947,712
Other debtors 76,272 9,572
1,236,013 1,174,184
Amounts due after more than one year included above 1,079,701 947,712
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,127 9,869
Trade creditors 14,033 4,508
Taxation and social security costs 127,359 150,618
Other creditors 23,627 27,125
180,146 192,120
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 39,851 25,780
7 Contingent liabilities
The ultimate parent company is Bailey Fisher Holdings Limited, whose registered office is at The Crome Lea Business Park, Madingley Road, Cotot, Cambridge, CB23 7PH.
8 Controlling party
The ultimate parent company is Bailey Fisher Holdings Limited, whose registered office is at The Crome Lea Business Park, Madingley Road, Cotot, Cambridge, CB23 7PH.
9 Other information
Bailey Fisher Executive Search Limited is a private company limited by shares and incorporated in England. Its registered office is:
Crome Lea Business Park
Madingley Road
Coton
Cambridge
CB23 7PH
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