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REGISTERED NUMBER: 04106059 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 31 DECEMBER 2024

FOR

BAYAR HUGHES & CO LIMITED
BAYAR HUGHES & CO LIMITED (REGISTERED NUMBER: 04106059)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAYAR HUGHES & CO LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2023 TO 31 DECEMBER 2024







DIRECTORS: Mr B Chakarto
Mr U Patel





SECRETARY:





REGISTERED OFFICE: 4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 04106059 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL
1
BAYAR HUGHES & CO LIMITED (REGISTERED NUMBER: 04106059)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 33,725 44,855
Tangible assets 5 8,814 13,441
42,539 58,296

CURRENT ASSETS
Stocks 2,289 5,704
Debtors 6 557,716 464,485
Prepayments and accrued income - 11,689
Cash in hand 273,695 286,504
833,700 768,382
CREDITORS
Amounts falling due within one year 7 274,999 262,300
NET CURRENT ASSETS 558,701 506,082
TOTAL ASSETS LESS CURRENT
LIABILITIES
601,240
564,378

CREDITORS
Amounts falling due after more than one
year
8
(9,065
)
(21,572
)

PROVISIONS FOR LIABILITIES (2,166 ) (2,649 )
NET ASSETS 590,009 540,157

CAPITAL AND RESERVES
Called up share capital 210 210
Share premium 263,388 263,388
Retained earnings 326,411 276,559
SHAREHOLDERS' FUNDS 590,009 540,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period 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 notes form part of these financial statements

2
BAYAR HUGHES & CO LIMITED (REGISTERED NUMBER: 04106059)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:





Mr U Patel - Director


The notes form part of these financial statements

3
BAYAR HUGHES & CO LIMITED (REGISTERED NUMBER: 04106059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Bayar Hughes & Co 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

4
BAYAR HUGHES & CO LIMITED (REGISTERED NUMBER: 04106059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 period was 24 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 31 December 2024 580,382
AMORTISATION
At 1 October 2023 535,527
Charge for period 11,130
At 31 December 2024 546,657
NET BOOK VALUE
At 31 December 2024 33,725
At 30 September 2023 44,855

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 67,084
Additions 6,719
Disposals (43,140 )
At 31 December 2024 30,663
DEPRECIATION
At 1 October 2023 53,643
Charge for period 10,993
Eliminated on disposal (42,787 )
At 31 December 2024 21,849
NET BOOK VALUE
At 31 December 2024 8,814
At 30 September 2023 13,441

5
BAYAR HUGHES & CO LIMITED (REGISTERED NUMBER: 04106059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 493,977 434,191
Other debtors 63,739 30,294
557,716 464,485

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 11,560 29,757
Taxation and social security 220,109 163,184
Other creditors 33,330 59,359
274,999 262,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,065 21,572

6