IRIS Accounts Production v24.2.0.383 07074439 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070744392023-03-31070744392024-03-31070744392023-04-012024-03-31070744392022-03-31070744392022-04-012023-03-31070744392023-03-3107074439ns15:EnglandWales2023-04-012024-03-3107074439ns14:PoundSterling2023-04-012024-03-3107074439ns10:Director12023-04-012024-03-3107074439ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107074439ns10:SmallEntities2023-04-012024-03-3107074439ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3107074439ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107074439ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107074439ns10:FullAccounts2023-04-012024-03-3107074439ns10:OrdinaryShareClass12023-04-012024-03-3107074439ns10:Director22023-04-012024-03-3107074439ns10:RegisteredOffice2023-04-012024-03-3107074439ns5:CurrentFinancialInstruments2024-03-3107074439ns5:CurrentFinancialInstruments2023-03-3107074439ns5:ShareCapital2024-03-3107074439ns5:ShareCapital2023-03-3107074439ns5:RetainedEarningsAccumulatedLosses2024-03-3107074439ns5:RetainedEarningsAccumulatedLosses2023-03-3107074439ns5:LeaseholdImprovements2023-04-012024-03-3107074439ns5:PlantMachinery2023-04-012024-03-3107074439ns5:FurnitureFittings2023-04-012024-03-3107074439ns5:MotorVehicles2023-04-012024-03-3107074439ns5:ComputerEquipment2023-04-012024-03-3107074439ns5:LeaseholdImprovements2023-03-3107074439ns5:PlantMachinery2023-03-3107074439ns5:FurnitureFittings2023-03-3107074439ns5:LeaseholdImprovements2024-03-3107074439ns5:PlantMachinery2024-03-3107074439ns5:FurnitureFittings2024-03-3107074439ns5:LeaseholdImprovements2023-03-3107074439ns5:PlantMachinery2023-03-3107074439ns5:FurnitureFittings2023-03-3107074439ns5:MotorVehicles2023-03-3107074439ns5:ComputerEquipment2023-03-3107074439ns5:MotorVehicles2024-03-3107074439ns5:ComputerEquipment2024-03-3107074439ns5:MotorVehicles2023-03-3107074439ns5:ComputerEquipment2023-03-3107074439ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107074439ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107074439ns10:OrdinaryShareClass12024-03-3107074439ns5:RetainedEarningsAccumulatedLosses2023-03-3107074439ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 07074439 (England and Wales)















BAYLISS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BAYLISS LIMITED (REGISTERED NUMBER: 07074439)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

BAYLISS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: A L Biswas
Mrs E A Biswas





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 07074439 (England and Wales)





ACCOUNTANTS: Phoenix Associates Limited
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW

BAYLISS LIMITED (REGISTERED NUMBER: 07074439)

BALANCE SHEET
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,004 38,058
Investments 5 150 150
52,154 38,208

CURRENT ASSETS
Stocks 125,419 72,393
Debtors 6 36,583 59,608
Cash at bank and in hand 105,494 245,131
267,496 377,132
CREDITORS
Amounts falling due within one year 7 231,694 283,188
NET CURRENT ASSETS 35,802 93,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,956

132,152

PROVISIONS FOR LIABILITIES 13,001 9,515
NET ASSETS 74,955 122,637

CAPITAL AND RESERVES
Called up share capital 8 36,000 36,000
Retained earnings 9 38,955 86,637
SHAREHOLDERS' FUNDS 74,955 122,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 LIMITED (REGISTERED NUMBER: 07074439)

BALANCE SHEET - continued
31 March 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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





A L Biswas - Director


BAYLISS LIMITED (REGISTERED NUMBER: 07074439)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Bayliss Limited 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.
Improvements to property - in accordance with the property
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

BAYLISS LIMITED (REGISTERED NUMBER: 07074439)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 2,417 3,895 33,922
Additions - 1,465 12,792
Disposals - - (183 )
At 31 March 2024 2,417 5,360 46,531
DEPRECIATION
At 1 April 2023 1,994 1,382 24,537
Charge for year 242 1,233 2,103
Eliminated on disposal - - (29 )
At 31 March 2024 2,236 2,615 26,611
NET BOOK VALUE
At 31 March 2024 181 2,745 19,920
At 31 March 2023 423 2,513 9,385

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 17,000 22,285 79,519
Additions 5,890 3,934 24,081
Disposals - - (183 )
At 31 March 2024 22,890 26,219 103,417
DEPRECIATION
At 1 April 2023 283 13,265 41,461
Charge for year 3,761 2,642 9,981
Eliminated on disposal - - (29 )
At 31 March 2024 4,044 15,907 51,413
NET BOOK VALUE
At 31 March 2024 18,846 10,312 52,004
At 31 March 2023 16,717 9,020 38,058

BAYLISS LIMITED (REGISTERED NUMBER: 07074439)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/3/24 31/3/23
£    £   
Investments 150 150

The cost of investments relates to shares held in National Merchant Buying Society Limited, an Industrial & Provident Society, set up to give businesses greater buying powers. It is a condition of membership that a minimum number of shares are held. In the opinion of the directors the value of these shares has not materially increased.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors (1,635 ) 17,312
Other debtors 38,218 42,296
36,583 59,608

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 111,654 114,395
Taxation and social security 47,791 56,646
Other creditors 72,249 112,147
231,694 283,188

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
36,000 Ordinary £1 36,000 36,000

9. RESERVES
Retained
earnings
£   

At 1 April 2023 86,637
Profit for the year 46,124
Dividends (93,806 )
At 31 March 2024 38,955

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BAYLISS LIMITED

The following reproduces the text of the report prepared for the directors 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 Profit & loss account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bayliss Limited for the year ended 31 March 2024 which comprise the Profit & loss account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Bayliss Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bayliss Limited and state those matters that we have agreed to state to the Board of Directors of Bayliss Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bayliss Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bayliss Limited. You consider that Bayliss Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bayliss Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Phoenix Associates Limited
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW


1 November 2024