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REGISTERED NUMBER: 04673874 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

BAY JOINERY LIMITED

BAY JOINERY LIMITED (REGISTERED NUMBER: 04673874)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAY JOINERY LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: T J Clark
Mrs N J Clark





REGISTERED OFFICE: 3A Britland Estate
Northbourne Road
Eastbourne
East Sussex
BN22 8PW





REGISTERED NUMBER: 04673874 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

BAY JOINERY LIMITED (REGISTERED NUMBER: 04673874)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 66,988 69,138
66,988 69,138

CURRENT ASSETS
Stocks 6,500 6,500
Debtors 6 36,158 209,634
Cash at bank 105,876 109,265
148,534 325,399
CREDITORS
Amounts falling due within one year 7 59,022 153,941
NET CURRENT ASSETS 89,512 171,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,500

240,596

CREDITORS
Amounts falling due after more than one year 8 (2,651 ) (13,091 )

PROVISIONS FOR LIABILITIES (12,728 ) (13,137 )
NET ASSETS 141,121 214,368

CAPITAL AND RESERVES
Called up share capital 9 1,050 1,050
Retained earnings 140,071 213,318
SHAREHOLDERS' FUNDS 141,121 214,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

BAY JOINERY LIMITED (REGISTERED NUMBER: 04673874)

Balance Sheet - continued
31 March 2025


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 15 July 2025 and were signed on its behalf by:





T J Clark - Director


BAY JOINERY LIMITED (REGISTERED NUMBER: 04673874)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Bay Joinery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Goodwill has been fully amortised in these financial statements.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


BAY JOINERY LIMITED (REGISTERED NUMBER: 04673874)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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.

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

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 12 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
AMORTISATION
At 1 April 2024
and 31 March 2025 10,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

BAY JOINERY LIMITED (REGISTERED NUMBER: 04673874)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2024 5,411 129,258 730
Additions - 9,145 728
At 31 March 2025 5,411 138,403 1,458
DEPRECIATION
At 1 April 2024 5,411 107,624 110
Charge for year - 4,617 202
At 31 March 2025 5,411 112,241 312
NET BOOK VALUE
At 31 March 2025 - 26,162 1,146
At 31 March 2024 - 21,634 620

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 79,857 4,724 219,980
Additions - 6,022 15,895
At 31 March 2025 79,857 10,746 235,875
DEPRECIATION
At 1 April 2024 36,516 1,181 150,842
Charge for year 10,835 2,391 18,045
At 31 March 2025 47,351 3,572 168,887
NET BOOK VALUE
At 31 March 2025 32,506 7,174 66,988
At 31 March 2024 43,341 3,543 69,138

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 23,371 195,116
Prepayments 12,787 14,518
36,158 209,634

BAY JOINERY LIMITED (REGISTERED NUMBER: 04673874)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,440 29,973
Trade creditors 26,142 20,842
Tax 7,118 55,001
Social security and other taxes - 5,300
VAT 12,408 34,789
Other creditors - 73
Directors' current accounts 34 4,933
Accrued expenses 2,880 3,030
59,022 153,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 2,651 10,440
Bank loans - 2-5 years - 2,651
2,651 13,091

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1,000 A ordinary £1 1,000 1,000
50 B ordinary £1 50 50
1,050 1,050