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REGISTERED NUMBER: 08701547 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Bayly Builders Limited

Bayly Builders Limited (Registered number: 08701547)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bayly Builders Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M N Bayly





REGISTERED OFFICE: Saw 6
Prow Park
Treloggan Industrial Estate
Newquay
Cornwall
TR7 2SX





REGISTERED NUMBER: 08701547 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Bayly Builders Limited (Registered number: 08701547)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 64,232 27,096

CURRENT ASSETS
Stocks 3,000 3,500
Debtors 5 173,046 110,420
Cash at bank 64,423 110,697
240,469 224,617
CREDITORS
Amounts falling due within one year 6 125,534 101,835
NET CURRENT ASSETS 114,935 122,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,167

149,878

CREDITORS
Amounts falling due after more than one
year

7

(58,137

)

(29,929

)

PROVISIONS FOR LIABILITIES (10,986 ) (3,650 )
NET ASSETS 110,044 116,299

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,944 116,199
SHAREHOLDERS' FUNDS 110,044 116,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bayly Builders Limited (Registered number: 08701547)

Balance Sheet - continued
30 September 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 director and authorised for issue on 28 May 2025 and were signed by:





M N Bayly - Director


Bayly Builders Limited (Registered number: 08701547)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bayly Builders 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 15% on cost

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

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Bayly Builders Limited (Registered number: 08701547)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 78,477
Additions 64,336
Disposals (21,750 )
At 30 September 2024 121,063
DEPRECIATION
At 1 October 2023 51,381
Charge for year 23,329
Eliminated on disposal (17,879 )
At 30 September 2024 56,831
NET BOOK VALUE
At 30 September 2024 64,232
At 30 September 2023 27,096

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 39,644
Additions 64,336
At 30 September 2024 103,980
DEPRECIATION
At 1 October 2023 22,232
Charge for year 22,040
At 30 September 2024 44,272
NET BOOK VALUE
At 30 September 2024 59,708
At 30 September 2023 17,412

Bayly Builders Limited (Registered number: 08701547)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 166,488 82,767
Other debtors 6,558 27,653
173,046 110,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,794 9,531
Hire purchase contracts and finance leases 14,269 6,009
Trade creditors 53,793 38,408
Taxation and social security 10,219 28,623
Other creditors 37,459 19,264
125,534 101,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 7,706 17,969
Hire purchase contracts and finance leases 50,431 11,960
58,137 29,929