Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07718245 Mr Michael Bailey Mrs Arlene Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07718245 2023-07-31 07718245 2024-07-31 07718245 2023-08-01 2024-07-31 07718245 frs-core:CurrentFinancialInstruments 2024-07-31 07718245 frs-core:FurnitureFittings 2024-07-31 07718245 frs-core:FurnitureFittings 2023-08-01 2024-07-31 07718245 frs-core:FurnitureFittings 2023-07-31 07718245 frs-core:PlantMachinery 2024-07-31 07718245 frs-core:PlantMachinery 2023-08-01 2024-07-31 07718245 frs-core:PlantMachinery 2023-07-31 07718245 frs-core:ShareCapital 2024-07-31 07718245 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07718245 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07718245 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07718245 frs-bus:SmallEntities 2023-08-01 2024-07-31 07718245 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07718245 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07718245 frs-bus:Director1 2023-08-01 2024-07-31 07718245 frs-bus:Director2 2023-08-01 2024-07-31 07718245 frs-countries:EnglandWales 2023-08-01 2024-07-31 07718245 2022-07-31 07718245 2023-07-31 07718245 2022-08-01 2023-07-31 07718245 frs-core:CurrentFinancialInstruments 2023-07-31 07718245 frs-core:ShareCapital 2023-07-31 07718245 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07718245
Baileys Dry Cleaners Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07718245
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 552 735
552 735
CURRENT ASSETS
Cash at bank and in hand 48,215 16,530
48,215 16,530
Creditors: Amounts Falling Due Within One Year 5 (42,824 ) (4,721 )
NET CURRENT ASSETS (LIABILITIES) 5,391 11,809
TOTAL ASSETS LESS CURRENT LIABILITIES 5,943 12,544
NET ASSETS 5,943 12,544
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 5,941 12,542
SHAREHOLDERS' FUNDS 5,943 12,544
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Arlene Bailey
Director
25/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Baileys Dry Cleaners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07718245 . The registered office is 16 Morning Lane, London, E9 6NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance method
Fixtures & Fittings 15% Reducing balance method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 2 2
4 4
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 1,165 2,036 3,201
As at 31 July 2024 1,165 2,036 3,201
Depreciation
As at 1 August 2023 958 1,508 2,466
Provided during the period 51 132 183
As at 31 July 2024 1,009 1,640 2,649
Net Book Value
As at 31 July 2024 156 396 552
As at 1 August 2023 207 528 735
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,072 -
Corporation tax 10,611 621
PAYE payable 1,004 2,195
VAT 28,866 -
Directors' loan accounts 271 1,905
42,824 4,721
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Prior year adjustment
During the preparation of the current year’s financial statements, it came to light that certain sales transactions relating to the period from 6 August 2021 to 31 July 2023 had not been previously recorded in the accounts. As a result, a prior year adjustment has been made to recognise the omitted income in the appropriate periods.
The corresponding VAT on these sales has also been adjusted accordingly, and the necessary amendments have been reflected in the VAT workings for the current period.
These adjustments have no impact on the current year’s operating performance but have been made to ensure the accuracy and completeness of the company’s historical financial records.
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