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REGISTERED NUMBER: 02372736 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Baystart Limited

Baystart Limited (Registered number: 02372736)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baystart Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D J Waterman





REGISTERED OFFICE: 3 Lancaster Way
Earls Colne Business Park
Earls Colne
Colchester
Essex
CO6 2NS





REGISTERED NUMBER: 02372736 (England and Wales)





ACCOUNTANTS: Maurice Lake & Co Limited
Accountants and
Taxation Consultants
Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ

Baystart Limited (Registered number: 02372736)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,720 62,458

CURRENT ASSETS
Stocks 264,768 157,662
Debtors 5 228,111 155,134
Prepayments and accrued income 12,923 12,106
Cash at bank 329 15,044
506,131 339,946
CREDITORS
Amounts falling due within one year 6 534,739 380,171
NET CURRENT LIABILITIES (28,608 ) (40,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,112

22,233

CREDITORS
Amounts falling due after more than one
year

7

99,229

108,229
NET LIABILITIES (70,117 ) (85,996 )

CAPITAL AND RESERVES
Called up share capital 66 66
Retained earnings (70,183 ) (86,062 )
SHAREHOLDERS' FUNDS (70,117 ) (85,996 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Baystart Limited (Registered number: 02372736)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





D J Waterman - Director


Baystart Limited (Registered number: 02372736)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Baystart 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Baystart Limited (Registered number: 02372736)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 31,093 241,408 18,449 29,357 320,307
Additions - - 3,300 - 3,300
At 30 April 2024 31,093 241,408 21,749 29,357 323,607
DEPRECIATION
At 1 May 2023 - 214,187 17,564 26,098 257,849
Charge for year - 6,805 418 815 8,038
At 30 April 2024 - 220,992 17,982 26,913 265,887
NET BOOK VALUE
At 30 April 2024 31,093 20,416 3,767 2,444 57,720
At 30 April 2023 31,093 27,221 885 3,259 62,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 214,716 141,731
Other debtors 13,395 13,403
228,111 155,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 3,321
Trade creditors 304,719 256,291
Taxation and social security 56,902 82,822
Other creditors 163,118 27,737
534,739 380,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833
Other creditors 88,396 87,396
99,229 108,229

Baystart Limited (Registered number: 02372736)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments that are not included in the balance sheet is £113,750 relating to the future rentals with regard to the leased unit, broken down as follows:

Within 1 year £65,000
2 - 5 years £48,750
over 5 years NIL