REGISTERED NUMBER: 07123597 (England and Wales)

BAY VIEW STORES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G A Price

Mrs J Price

REGISTERED OFFICE:

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

REGISTERED NUMBER:

07123597 (England and Wales)

ACCOUNTANTS:

Bevan Buckland LLP

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

77,466

28,012

77,466

28,012

CURRENT ASSETS

Stocks

37,000

32,159

Debtors

6

-

2,776

Cash at bank and in hand

53,301

50,747

90,301

85,682

CREDITORS

Amounts falling due within one year

7

25,016

25,726

NET CURRENT ASSETS

65,285

59,956

TOTAL ASSETS LESS CURRENT LIABILITIES

142,751

87,968

CREDITORS

Amounts falling due after more than one year

8

(20,800

)

-

PROVISIONS FOR LIABILITIES

(2,527

)

(4,145

)

ACCRUALS AND DEFERRED INCOME

9

(32,679

)

(8,600

)

NET ASSETS

86,745

75,223

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

86,645

75,123

SHAREHOLDERS' FUNDS

86,745

75,223

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 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.

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 29 September 2025 and were signed on its behalf by:

G A Price - Director

Mrs J Price - Director

1.	STATUTORY INFORMATION

Bay View Stores Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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.

Improvements to property

-

2% straight line

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% straight line

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Grants

Grants received with regard to fixed assets are deducted from the purchase price of the related asset, with a consequent reduction in the annual charge for depreciation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

30,000

AMORTISATION

At 1 January 2024

and 31 December 2024

30,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

12,949

23,689

17,675

1,895

56,208

Additions

-

62,375

-

-

62,375

At 31 December 2024

12,949

86,064

17,675

1,895

118,583

DEPRECIATION

At 1 January 2024

1,659

13,442

12,083

1,012

28,196

Charge for year

259

10,895

1,398

369

12,921

At 31 December 2024

1,918

24,337

13,481

1,381

41,117

NET BOOK VALUE

At 31 December 2024

11,031

61,727

4,194

514

77,466

At 31 December 2023

11,290

10,247

5,592

883

28,012

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

2,776

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,170

5,016

Taxation and social security

13,204

17,140

Other creditors

10,642

3,570

25,016

25,726

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

20,800

-

9.	ACCRUALS AND DEFERRED INCOME

2024

2023

£

£

Deferred Post Office grant

8,400

8,600

PCC grant

24,279

-

32,679

8,600

10.	RELATED PARTY TRANSACTIONS

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £7,493 (2023 - £645).

The company trades from a property owned by a director. Rental payments for the year total £7,200 (2023 £7,200).