Silverfin false false 31/08/2024 01/09/2023 31/08/2024 P A Asquith 13/08/2021 10 March 2025 The principal activity of the Company during the financial year was management consultancy activities other than financial management. 13564722 2024-08-31 13564722 bus:Director1 2024-08-31 13564722 core:CurrentFinancialInstruments 2024-08-31 13564722 core:CurrentFinancialInstruments 2023-08-31 13564722 2023-08-31 13564722 core:ShareCapital 2024-08-31 13564722 core:ShareCapital 2023-08-31 13564722 core:RetainedEarningsAccumulatedLosses 2024-08-31 13564722 core:RetainedEarningsAccumulatedLosses 2023-08-31 13564722 bus:OrdinaryShareClass1 2024-08-31 13564722 2023-09-01 2024-08-31 13564722 bus:FilletedAccounts 2023-09-01 2024-08-31 13564722 bus:SmallEntities 2023-09-01 2024-08-31 13564722 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13564722 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13564722 bus:Director1 2023-09-01 2024-08-31 13564722 2022-09-01 2023-08-31 13564722 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 13564722 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13564722 (England and Wales)

BAYFIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

BAYFIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

BAYFIELD LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
BAYFIELD LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
DIRECTOR P A Asquith
SECRETARY G D Asquith
REGISTERED OFFICE Bayford End Chapel Road
Rowledge
Farnham
England
GU10 4AN
United Kingdom
COMPANY NUMBER 13564722 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
BAYFIELD LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2024
BAYFIELD LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 AUGUST 2024
Note 31.08.2024 31.08.2023
£ £
Current assets
Debtors 3 4,742 2
Cash at bank and in hand 4 32,050 0
36,792 2
Creditors: amounts falling due within one year 5 ( 8,414) 0
Net current assets 28,378 2
Total assets less current liabilities 28,378 2
Net assets 28,378 2
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 28,376 0
Total shareholders' funds 28,378 2

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bayfield Limited (registered number: 13564722) were approved and authorised for issue by the Director on 10 March 2025. They were signed on its behalf by:

P A Asquith
Director
BAYFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
BAYFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bayfield Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bayford End Chapel Road, Rowledge, Farnham, England, GU10 4AN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

31.08.2024 31.08.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Debtors

31.08.2024 31.08.2023
£ £
Trade debtors 4,742 0
Amounts owed by director 0 2
4,742 2

4. Cash and cash equivalents

31.08.2024 31.08.2023
£ £
Cash at bank and in hand 32,050 0

5. Creditors: amounts falling due within one year

31.08.2024 31.08.2023
£ £
Amounts owed to director 758 0
Accruals 1,000 0
Taxation and social security 6,656 0
8,414 0

6. Called-up share capital

31.08.2024 31.08.2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2