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REGISTERED NUMBER: 14313149 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

BAILEY AND STAPLES LIMITED

BAILEY AND STAPLES LIMITED (REGISTERED NUMBER: 14313149)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

BAILEY AND STAPLES LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs E Bailey
Mrs A J Staples





REGISTERED OFFICE: 69 Acre Lane
Bromborough
Wirral
CH62 7BY





REGISTERED NUMBER: 14313149 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

BAILEY AND STAPLES LIMITED (REGISTERED NUMBER: 14313149)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,153 317

CURRENT ASSETS
Debtors 5 4,117 29,734
Cash at bank 15,399 6,969
19,516 36,703
CREDITORS
Amounts falling due within one year 6 19,931 36,445
NET CURRENT (LIABILITIES)/ASSETS (415 ) 258
TOTAL ASSETS LESS CURRENT
LIABILITIES

738

575

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 638 475
SHAREHOLDERS' FUNDS 738 575

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

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

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 25 February 2025 and were signed on its behalf by:




Mrs E Bailey - Director



Mrs A J Staples - Director


BAILEY AND STAPLES LIMITED (REGISTERED NUMBER: 14313149)

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

1. STATUTORY INFORMATION

Bailey and Staples 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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 balance sheet date.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 317
Additions 941
At 31 August 2024 1,258
DEPRECIATION
Charge for year 105
At 31 August 2024 105
NET BOOK VALUE
At 31 August 2024 1,153
At 31 August 2023 317

BAILEY AND STAPLES LIMITED (REGISTERED NUMBER: 14313149)

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

4. TANGIBLE FIXED ASSETS - continued

No depreciation in year of acquisition.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 88 -
Other debtors 4,029 29,734
4,117 29,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 3,444 1,597
Taxation and social security 16,487 9,708
Other creditors - 25,140
19,931 36,445

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 ordinary 50 100 100

8. RESERVES
Retained
earnings
£   

At 1 September 2023 475
Profit for the year 43,763
Dividends (43,600 )
At 31 August 2024 638

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £3,924 (2023 £16,747) relating to the directors loan account of Mrs E Bailey, the director and shareholder of the company.
Included in other debtors is an amount of £106 (2023 £12,987) relating to the directors loan account of Mrs A Staples, the director and shareholder of the company.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £43,600 (2023 - £18,000) were paid to the directors .

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bailey and Staples Limited (Registered number: 14313149)

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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Bailey and Staples Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Bailey and Staples Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bailey and Staples Limited and state those matters that we have agreed to state to the Board of Directors of Bailey and Staples Limited, 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 Bailey and Staples Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bailey and Staples Limited 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 profit of Bailey and Staples Limited. You consider that Bailey and Staples Limited 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 Bailey and Staples Limited. 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.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


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