BAILEY BUILDING CONTRACTORS LTD

Company Registration Number:
13195033 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 March 2023

End date: 31 March 2024

BAILEY BUILDING CONTRACTORS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes

BAILEY BUILDING CONTRACTORS LTD

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024 2023


£

£
Fixed assets
Tangible assets: 3 772 460
Total fixed assets: 772 460
Current assets
Debtors: 4 47,195 73,791
Cash at bank and in hand: 8,903 1,667
Total current assets: 56,098 75,458
Creditors: amounts falling due within one year: 5 ( 16,419 ) ( 27,897 )
Net current assets (liabilities): 39,679 47,561
Total assets less current liabilities: 40,451 48,021
Total net assets (liabilities): 40,451 48,021
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 40,351 47,921
Total Shareholders' funds: 40,451 48,021

The notes form part of these financial statements

BAILEY BUILDING CONTRACTORS LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 December 2024
and signed on behalf of the board by:

Name: Mr S Bailey
Status: Director

The notes form part of these financial statements

BAILEY BUILDING CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

BAILEY BUILDING CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to 31 March 2024 2023
    Average number of employees during the period 3 3

BAILEY BUILDING CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 575 575
Additions 502 502
Disposals
Revaluations
Transfers
At 31 March 2024 1,077 1,077
Depreciation
At 1 March 2023 115 115
Charge for year 190 190
On disposals
Other adjustments
At 31 March 2024 305 305
Net book value
At 31 March 2024 772 772
At 28 February 2023 460 460

BAILEY BUILDING CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

13 months to 31 March 2024 2023
£ £
Trade debtors 1,634 32,281
Prepayments and accrued income 700
Other debtors 45,561 40,810
Total 47,195 73,791

BAILEY BUILDING CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

13 months to 31 March 2024 2023
£ £
Taxation and social security 15,304 22,642
Accruals and deferred income 750 750
Other creditors 365 4,505
Total 16,419 27,897