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Registered number: 05309020
Baileys Catering Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Blue-Shore Accountants Ltd
Baileys Catering Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Baileys Catering Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 05309020

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,150 |  | 1,407
|  |  | 2,150 |  | 1,407
CURRENT ASSETS
Stocks | 5 | - |  | 1,900 |
Debtors | 6 | 33,126 |  | 29,994 |
Cash at bank and in hand |  | 54,644 |  | 43,108 |
|  | 87,770 |  | 75,002 |
Creditors: Amounts Falling Due Within One Year | 7 | (291,753 ) |  | (246,334 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (203,983 ) |  | (171,332 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (201,833 ) |  | (169,925 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (22,096 ) |  | (38,236 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (356 ) |  | (356 )
NET LIABILITIES |  |  | (224,285 ) |  | (208,517 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | (225,285 ) |  | (209,517 )
SHAREHOLDERS' FUNDS |  |  | (224,285) |  | (208,517)

Page 1
Page 2
Baileys Catering Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

S C Saunders Director
17/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Baileys Catering Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Baileys Catering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05309020 . The registered office is Suite A James Carter Road, Mildenhall, Bury St. Edmunds, IP28 7DE.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The directors have assessed the company's future projections and cash flow forecasts and believe that the going
concern basis of preparation remains appropriate.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% Reducing balance
Motor Vehicles | 25% Reducing balance
Fixtures & Fittings | 25% Reducing balance

2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 13)
10 13
Page 3
Page 4
Baileys Catering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Plant & Machinery etc.
--- | ---
| £
Cost
As at 1 January 2024 | 67,413
Additions | 1,275
As at 31 December 2024 | 68,688
Depreciation
As at 1 January 2024 | 66,006
Provided during the period | 532
As at 31 December 2024 | 66,538
Net Book Value
As at 31 December 2024 | 2,150
As at 1 January 2024 | 1,407

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock | - |  | 1,900

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 15,980 |  | 23,880
Other debtors | 17,146 |  | 6,114
| 33,126 |  | 29,994

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 11,422 |  | 13,590
Bank loans and overdrafts | 11,843 |  | 11,993
Other creditors | 19,005 |  | 16,054
Taxation and social security | 249,483 |  | 204,697
| 291,753 |  | 246,334

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 22,096 |  | 38,236

Page 4
Page 5
Baileys Catering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

10. Related Party Transactions
Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to its shareholders.
11. Going Concern
The company and the directors are committed to finding a viable solution to support the company’s trading in the future, and on that basis the company is considered a going concern.
Page 5