0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,457 xbrli:pure xbrli:shares iso4217:GBP 03996441 2023-10-01 2024-09-30 03996441 2024-09-30 03996441 2023-09-30 03996441 2022-10-01 2023-09-30 03996441 2023-09-30 03996441 2022-09-30 03996441 core:FurnitureFittings 2023-10-01 2024-09-30 03996441 bus:Director1 2023-10-01 2024-09-30 03996441 core:FurnitureFittings 2024-09-30 03996441 core:WithinOneYear 2024-09-30 03996441 core:WithinOneYear 2023-09-30 03996441 core:ShareCapital 2024-09-30 03996441 core:ShareCapital 2023-09-30 03996441 core:RetainedEarningsAccumulatedLosses 2024-09-30 03996441 core:RetainedEarningsAccumulatedLosses 2023-09-30 03996441 bus:SmallEntities 2023-10-01 2024-09-30 03996441 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03996441 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03996441 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03996441 bus:FullAccounts 2023-10-01 2024-09-30 03996441 core:ComputerEquipment 2023-10-01 2024-09-30 03996441 core:ComputerEquipment 2024-09-30 03996441 core:KeyManagementIndividualGroup1 2023-10-01 2024-09-30 03996441 core:KeyManagementIndividualGroup1 2023-09-30
COMPANY REGISTRATION NUMBER: 03996441
Bailey Rose Limited
Filleted Unaudited Financial Statements
For the year ended
30 September 2024
Bailey Rose Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Current assets
Debtors
6
33,880
63,880
Cash at bank and in hand
24,723
492
--------
--------
58,603
64,372
Creditors: amounts falling due within one year
7
1,221
5,647
--------
--------
Net current assets
57,382
58,725
--------
--------
Total assets less current liabilities
57,382
58,725
--------
--------
Net assets
57,382
58,725
--------
--------
Capital and reserves
Called up share capital
300
300
Profit and loss account
57,082
58,425
--------
--------
Shareholders funds
57,382
58,725
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
Mr D A Rose
Director
Company registration number: 03996441
Bailey Rose Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares. The address of the registered office is 7 Brandon Court, Outwood, Wakefield, West Yorkshire, WF1 2EN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the provision of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred be incurred in respect of the transactions can be measured reliably.
(d) Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% straight line
Computer Equipment
-
25% straight line
(g) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
1,466
5,904
7,370
-------
-------
-------
Depreciation
At 1 October 2023 and 30 September 2024
1,466
5,904
7,370
-------
-------
-------
Carrying amount
At 30 September 2024
-------
-------
-------
At 30 September 2023
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
33,880
63,880
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
63
63
Directors current accounts
1,457
Other creditors
1,158
4,127
-------
-------
1,221
5,647
-------
-------
8. Related party transactions
During the year the director withdraw their loan from the company. The loans are interest free and repayable on demand. At the year end date the balance due to the director totalled £nil (2023 - £ 1,457 ).