Registered number
11292659
BAY SECURITY LTD
Filleted Accounts
30 April 2024
BAY SECURITY LTD
Registered number: 11292659
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 6,835
Current assets
Stocks 500 500
Debtors 4 48,306 61,412
Cash at bank and in hand 12,640 43,583
61,446 105,495
Creditors: amounts falling due within one year 5 (47,278) (48,367)
Net current assets 14,168 57,128
Total assets less current liabilities 14,169 63,963
Creditors: amounts falling due after more than one year 6 (5,116) (9,784)
Net assets 9,053 54,179
Capital and reserves
Called up share capital 2 2
Profit and loss account 9,051 54,177
Shareholders' funds 9,053 54,179
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T E Davey
Director
Approved by the board on 20 January 2025
BAY SECURITY LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023 34,171
At 30 April 2024 34,171
Depreciation
At 1 May 2023 27,336
Charge for the year 6,834
At 30 April 2024 34,170
Net book value
At 30 April 2024 1
At 30 April 2023 6,835
4 Debtors 2024 2023
£ £
Trade debtors 9,401 9,401
Other debtors 38,905 52,011
48,306 61,412
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 1,085 1,039
Taxation and social security costs 11,193 12,328
Other creditors 30,000 30,000
47,278 48,367
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,116 9,784
7 Other information
BAY SECURITY LTD is a private company limited by shares and incorporated in England. Its registered office is:
78 Manor Road
Manselton
Swansea
SA5 9PN
BAY SECURITY LTD 11292659 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr T E Davey No description of principal activity 11292659 2022-05-01 2023-04-30 11292659 core:WithinOneYear 2023-04-30 11292659 core:AfterOneYear 2023-04-30 11292659 core:ShareCapital 2023-04-30 11292659 core:RetainedEarningsAccumulatedLosses 2023-04-30 11292659 2023-05-01 2024-04-30 11292659 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11292659 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11292659 bus:Director40 2023-05-01 2024-04-30 11292659 core:Vehicles 2023-05-01 2024-04-30 11292659 countries:England 2023-05-01 2024-04-30 11292659 bus:FRS102 2023-05-01 2024-04-30 11292659 bus:FilletedAccounts 2023-05-01 2024-04-30 11292659 2024-04-30 11292659 core:WithinOneYear 2024-04-30 11292659 core:AfterOneYear 2024-04-30 11292659 core:ShareCapital 2024-04-30 11292659 core:RetainedEarningsAccumulatedLosses 2024-04-30 11292659 core:Vehicles 2024-04-30 11292659 2023-04-30 11292659 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure