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COMPANY REGISTRATION NUMBER: 06757584
JAMES DWIGHT BAILEY LIMITED
Filleted Unaudited Financial Statements
30 April 2024
JAMES DWIGHT BAILEY LIMITED
Balance Sheet
30 April 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
62,180
62,180
Creditors: amounts falling due within one year
6
( 10,482)
( 9,078)
--------
--------
Net current assets
51,698
53,102
--------
--------
Total assets less current liabilities
51,698
53,102
--------
--------
Net assets
51,698
53,102
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
50,698
52,102
--------
--------
Shareholders funds
51,698
53,102
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 January 2025 , and are signed on behalf of the board by:
Mr M J Losi
Director
Company registration number: 06757584
JAMES DWIGHT BAILEY LIMITED
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, London, N17 6RA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment
4. Employee numbers
The average number of employees during the year was Nil.
5. Debtors
2024
2023
£
£
Other debtors
62,180
62,180
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
4,190
2,786
Director loan accounts
6,292
6,292
--------
-------
10,482
9,078
--------
-------
7. Related party transactions
Included in creditors due within one year is an amount of £6,292(2023: £6,292) due to the director. This loan is interest-free and has no fixed repayment term.