REGISTERED NUMBER: 12819012 (England and Wales)

BAY RETAIL GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr J D Brown

Registered office:

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Business address:

10 Middleton Road

Heysham

MORECAMBE

LA3 2QD

Registered number:

12819012 (England and Wales)

Accountants:

Xeinadin

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Fixed assets

Intangible assets

4

43,800

51,100

Tangible assets

5

106,789

127,850

150,589

178,950

Current assets

Stocks

89,176

89,470

Debtors

6

8,261

10,874

Cash at bank and in hand

249,327

186,049

346,764

286,393

Creditors

Amounts falling due within one year

7

172,020

185,533

Net current assets

174,744

100,860

Total assets less current liabilities

325,333

279,810

Provisions for liabilities

18,499

23,295

Net assets

306,834

256,515

Capital and reserves

Called up share capital

100

100

Retained earnings

306,734

256,415

306,834

256,515

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 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.

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 25 September 2025 and were signed by:

Mr J D Brown - Director

1.	Statutory information

Bay Retail Group 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

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for goods provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery etc

-

25% on reducing balance, 15% Reducing balance and Straight line over 4 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, 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 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.

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 19 (2024 - 20 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

73,000

Amortisation

At 1 April 2024

21,900

Charge for year

7,300

At 31 March 2025

29,200

Net book value

At 31 March 2025

43,800

At 31 March 2024

51,100

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2024

189,843

Additions

722

Disposals

(87

)

At 31 March 2025

190,478

Depreciation

At 1 April 2024

61,993

Charge for year

21,783

Eliminated on disposal

(87

)

At 31 March 2025

83,689

Net book value

At 31 March 2025

106,789

At 31 March 2024

127,850

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

8,261

10,874

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

85,430

65,579

Taxation and social security

71,715

83,564

Other creditors

14,875

36,390

172,020

185,533