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REGISTERED NUMBER: 04639081 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BAILEY LTD

BAILEY LTD (REGISTERED NUMBER: 04639081)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAILEY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G R Bailey
Mrs K J Coot
J C Jarvis
R S Tilley





REGISTERED OFFICE: Century Works
Europa Way
WISBECH
Cambridgeshire
PE13 2TZ





REGISTERED NUMBER: 04639081 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR

BAILEY LTD (REGISTERED NUMBER: 04639081)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 128,262 159,470

CURRENT ASSETS
Stocks 42,000 85,000
Debtors 5 665,593 332,908
Cash at bank and in hand 228,583 388,779
936,176 806,687
CREDITORS
Amounts falling due within one
year

6

196,703

260,099
NET CURRENT ASSETS 739,473 546,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

867,735

706,058

CREDITORS
Amounts falling due after more
than one year

7

-

(15,834

)

PROVISIONS FOR LIABILITIES (23,753 ) (20,492 )
NET ASSETS 843,982 669,732

CAPITAL AND RESERVES
Called up share capital 100,100 100,100
Retained earnings 743,882 569,632
SHAREHOLDERS' FUNDS 843,982 669,732

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

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

BAILEY LTD (REGISTERED NUMBER: 04639081)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





J C Jarvis - Director


BAILEY LTD (REGISTERED NUMBER: 04639081)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Bailey Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Freehold property - 5% on cost and not provided
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


BAILEY LTD (REGISTERED NUMBER: 04639081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Cash flow
The Financial Statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standards for Smaller Entities (effective April 2008).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2024 1,680 41,589 144,332
Disposals - - -
At 31 December 2024 1,680 41,589 144,332
DEPRECIATION
At 1 January 2024 1,302 7,820 86,521
Charge for year 84 2,079 8,973
Eliminated on disposal - - -
At 31 December 2024 1,386 9,899 95,494
NET BOOK VALUE
At 31 December 2024 294 31,690 48,838
At 31 December 2023 378 33,769 57,811

BAILEY LTD (REGISTERED NUMBER: 04639081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 42,464 55,929 31,706 317,700
Disposals - (6,000 ) - (6,000 )
At 31 December 2024 42,464 49,929 31,706 311,700
DEPRECIATION
At 1 January 2024 14,857 23,072 24,658 158,230
Charge for year 6,545 7,634 3,573 28,888
Eliminated on disposal - (3,680 ) - (3,680 )
At 31 December 2024 21,402 27,026 28,231 183,438
NET BOOK VALUE
At 31 December 2024 21,062 22,903 3,475 128,262
At 31 December 2023 27,607 32,857 7,048 159,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 335,402 326,573
Amounts owed by group undertakings 326,623 1,092
Other debtors 3,568 5,243
665,593 332,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 65,058 77,210
Taxation and social security 117,388 161,075
Other creditors 14,257 11,814
196,703 260,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 15,834

BAILEY LTD (REGISTERED NUMBER: 04639081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
G R Bailey
Balance outstanding at start of year - (239 )
Amounts advanced 6,563 82,434
Amounts repaid (6,563 ) (82,195 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

These loans are unsecured and interest free.

Geoff Bailey has provided a personal guarantee for the overdraft with Barclays Bank.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Jurika Limited.