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REGISTERED NUMBER: 11700029 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 May 2024

for

Bailey Civils Limited

Bailey Civils Limited (Registered number: 11700029)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bailey Civils Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J M L Bailey





REGISTERED OFFICE: 2 Oldfield Cottages
Oldfield Lane
Ombersley
Droitwich
Worcestershire
WR9 0JL





REGISTERED NUMBER: 11700029 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Bailey Civils Limited (Registered number: 11700029)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,337 299,667

CURRENT ASSETS
Debtors 5 413,200 220,088
Cash at bank 188,995 171,270
602,195 391,358
CREDITORS
Amounts falling due within one year 6 293,572 85,332
NET CURRENT ASSETS 308,623 306,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,960

605,693

CREDITORS
Amounts falling due after more than one
year

7

(62,261

)

(145,477

)

PROVISIONS FOR LIABILITIES (55,500 ) (67,019 )
NET ASSETS 413,199 393,197

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 413,099 393,097
413,199 393,197

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 15 January 2025 and were signed by:





J M L Bailey - Director


Bailey Civils Limited (Registered number: 11700029)

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

1. STATUTORY INFORMATION

Bailey Civils 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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

Bailey Civils Limited (Registered number: 11700029)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 411,393 1,017 74,576 1,166 488,152
Additions 29,631 - - 331 29,962
Disposals (12,689 ) - - - (12,689 )
At 31 May 2024 428,335 1,017 74,576 1,497 505,425
DEPRECIATION
At 1 June 2023 163,084 203 24,732 466 188,485
Charge for year 88,205 203 14,916 299 103,623
Eliminated on disposal (9,020 ) - - - (9,020 )
At 31 May 2024 242,269 406 39,648 765 283,088
NET BOOK VALUE
At 31 May 2024 186,066 611 34,928 732 222,337
At 31 May 2023 248,309 814 49,844 700 299,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,253 176,516
Amounts owed by group undertakings 241,068 -
Other debtors 29,879 43,572
413,200 220,088

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,572 -
Trade creditors 87,030 51,245
Taxation and social security 67,424 3,360
Other creditors 116,546 30,727
293,572 85,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 62,261 145,477