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REGISTERED NUMBER: 03619009 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Jacob Bailey Limited

Jacob Bailey Limited (Registered number: 03619009)






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


Jacob Bailey Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: S R Bailey





REGISTERED OFFICE: 1 Woodbridge Road
Ipswich
Suffolk
IP4 2EA





REGISTERED NUMBER: 03619009 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Jacob Bailey Limited (Registered number: 03619009)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 25,082 35,143
Tangible assets 5 2,154 2,799
27,236 37,942

CURRENT ASSETS
Stocks 6 10,000 -
Debtors 7 1,148,434 1,178,754
Cash at bank and in hand 92,131 96,979
1,250,565 1,275,733
CREDITORS
Amounts falling due within one year 8 272,452 238,768
NET CURRENT ASSETS 978,113 1,036,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,005,349

1,074,907

CREDITORS
Amounts falling due after more than one
year

9

(68,333

)

(148,333

)

PROVISIONS FOR LIABILITIES 11 (489 ) (532 )
NET ASSETS 936,527 926,042

CAPITAL AND RESERVES
Called up share capital 12 82 82
Share premium 41,445 41,445
Revaluation reserve 13 23 23
Retained earnings 894,977 884,492
SHAREHOLDERS' FUNDS 936,527 926,042

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 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.

Jacob Bailey Limited (Registered number: 03619009)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2025 and were signed by:





S R Bailey - Director


Jacob Bailey Limited (Registered number: 03619009)

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

1. STATUTORY INFORMATION

Jacob Bailey 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
The turnover represents net invoiced sales of services, excluding value added tax, arising from advertising and marketing.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 5 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.

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.

Jacob Bailey Limited (Registered number: 03619009)

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

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 100,609
AMORTISATION
At 1 January 2024 65,466
Amortisation for year 10,061
At 31 December 2024 75,527
NET BOOK VALUE
At 31 December 2024 25,082
At 31 December 2023 35,143

Amortisation in the profit and loss includes amortisation charged from other group companies.

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 58,908 57,410 4,472 102,965 223,755
Additions - - 312 - 312
At 31 December 2024 58,908 57,410 4,784 102,965 224,067
DEPRECIATION
At 1 January 2024 58,908 57,194 3,549 101,305 220,956
Charge for year - 54 326 577 957
At 31 December 2024 58,908 57,248 3,875 101,882 221,913
NET BOOK VALUE
At 31 December 2024 - 162 909 1,083 2,154
At 31 December 2023 - 216 923 1,660 2,799

Jacob Bailey Limited (Registered number: 03619009)

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

6. STOCKS
31.12.24 31.12.23
£    £   
Work-in-progress 10,000 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 44,418 36,333
Other debtors 1,102,726 1,135,469
Prepayments and accrued income 1,290 6,952
1,148,434 1,178,754

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 80,000 80,000
Trade creditors 21,424 8,194
Corporation Tax 5,736 -
Social security and other taxes 24,103 24,382
Pensions payable 8,545 6,533
VAT 36,312 31,618
Other creditors 53,086 48,685
Directors' loan accounts - 20,868
Accruals and deferred income 43,246 18,488
272,452 238,768

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 50,833 80,000
Bank loans - 2-5 years 17,500 68,333
68,333 148,333

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 7,193 -
Between one and five years 14,223 -
21,416 -

11. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 489 532

Jacob Bailey Limited (Registered number: 03619009)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 532
Provided during year (43 )
Balance at 31 December 2024 489

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
823 Ordinary £0.10 82 82

13. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 23

14. SUMMARY OF TRANSACTIONS WITH DIRECTORS

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

31.12.24 31.12.23
£    £   
S R Bailey
Balance outstanding at start of year 20,868 20,868
Amounts repaid (20,868 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,868

15. RELATED PARTY DISCLOSURES

032 Design Consultants Ltd


31.12.24 31.12.23
£    £   
Amount due (to)/from related party at the balance sheet date (14,116 ) 38,256

Decipher Innovation Ltd


31.12.24 31.12.23
£    £   
Amount due from related party at the balance sheet date 51,931 45,520

Jacob Bailey Limited (Registered number: 03619009)

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

15. RELATED PARTY DISCLOSURES - continued

Jacob Bailey Group Ltd


31.12.24 31.12.23
£    £   
Amount due from related party at the balance sheet date 912,232 886,474