IRIS Accounts Production v24.3.2.46 13512480 Board of Directors Board of Directors 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:kWh135124802023-03-31135124802024-03-31135124802023-04-012024-03-31135124802022-03-31135124802022-04-012023-03-31135124802023-03-3113512480ns15:EnglandWales2023-04-012024-03-3113512480ns14:PoundSterling2023-04-012024-03-3113512480ns10:Director12023-04-012024-03-3113512480ns10:Director22023-04-012024-03-3113512480ns10:Director32023-04-012024-03-3113512480ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113512480ns10:SmallEntities2023-04-012024-03-3113512480ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3113512480ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113512480ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113512480ns10:FullAccounts2023-04-012024-03-3113512480ns10:OrdinaryShareClass12023-04-012024-03-3113512480ns10:RegisteredOffice2023-04-012024-03-3113512480ns5:CurrentFinancialInstruments2024-03-3113512480ns5:CurrentFinancialInstruments2023-03-3113512480ns5:ShareCapital2024-03-3113512480ns5:ShareCapital2023-03-3113512480ns5:RetainedEarningsAccumulatedLosses2024-03-3113512480ns5:RetainedEarningsAccumulatedLosses2023-03-3113512480ns5:FurnitureFittings2023-04-012024-03-3113512480ns5:MotorVehicles2023-04-012024-03-3113512480ns5:FurnitureFittings2023-03-3113512480ns5:MotorVehicles2023-03-3113512480ns5:FurnitureFittings2024-03-3113512480ns5:MotorVehicles2024-03-3113512480ns5:FurnitureFittings2023-03-3113512480ns5:MotorVehicles2023-03-3113512480ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3113512480ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113512480ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 13512480 (England and Wales)














Baytree Car Sales Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Baytree Car Sales Ltd (Registered number: 13512480)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Baytree Car Sales Ltd

Company Information
for the Year Ended 31 March 2024







Directors: G H Manuel
J L Manuel
L G Manuel





Registered office: Unit 7 Swan Court
Forder Way
Hampton
Peterborough
PE7 8GX





Business address: 65-67 High Road
Moulton
Spalding
Lincolnshire
PE12 6PE





Registered number: 13512480 (England and Wales)





Accountants: Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Baytree Car Sales Ltd


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 Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report 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 Baytree Car Sales Ltd for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, Statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Baytree Car Sales Ltd, as a body, in accordance with the terms of our engagement letter dated 16 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Baytree Car Sales Ltd and state those matters that we have agreed to state to the Board of Directors of Baytree Car Sales Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baytree Car Sales Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Baytree Car Sales Ltd 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 loss of Baytree Car Sales Ltd. You consider that Baytree Car Sales Ltd 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 Baytree Car Sales Ltd. 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.






Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX


Date: .............................................

Baytree Car Sales Ltd (Registered number: 13512480)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 4,759 6,857

Current assets
Stocks 297,324 390,974
Debtors 6 47,263 29,356
Cash at bank 34,555 34,616
379,142 454,946
Creditors
Amounts falling due within one year 7 574,384 586,239
Net current liabilities (195,242 ) (131,293 )
Total assets less current liabilities (190,483 ) (124,436 )

Capital and reserves
Called up share capital 8 300 300
Retained earnings (190,783 ) (124,736 )
Shareholders' funds (190,483 ) (124,436 )

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.

Baytree Car Sales Ltd (Registered number: 13512480)

Statement of Financial Position - 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:




L G Manuel - Director G H Manuel - Director




J L Manuel - Director


Baytree Car Sales Ltd (Registered number: 13512480)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Baytree Car Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Baytree Car Sales Ltd (Registered number: 13512480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 2 ) .

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 2,337 7,059 9,396
Depreciation
At 1 April 2023 774 1,765 2,539
Charge for year 774 1,324 2,098
At 31 March 2024 1,548 3,089 4,637
Net book value
At 31 March 2024 789 3,970 4,759
At 31 March 2023 1,563 5,294 6,857

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Car sales debtor 2,420 -
PAYE and NIC 305 310
Deferred tax asset 44,538 29,046
47,263 29,356

7. Creditors: amounts falling due within one year
2024 2023
£    £   
NEST pension creditor 88 -
VAT 2,516 2,466
Wages creditor 392 -
Car sales refund 6,344 -
Directors' loan accounts 553,127 576,773
Accrued expenses 11,917 7,000
574,384 586,239

Baytree Car Sales Ltd (Registered number: 13512480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary 1 300 300