S.A. Bailey Cellar Services Limited

Registered number

04652328

Filleted Accounts

31 March 2025

S.A. Bailey Cellar Services Limited
Registered number:		04652328
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		39,760			51,272

Current assets
Debtors	4	49,108			71,910

Creditors: amounts falling due within one year	5	(68,696)			(80,385)

Net current liabilities			(19,588)			(8,475)

Total assets less current liabilities			20,172			42,797

Creditors: amounts falling due after more than one year	6		(17,736)			(44,018)



Net assets			2,436			(1,221)

Capital and reserves
Called up share capital			2			2
Profit and loss account			2,434			(1,223)

Shareholders' funds			2,436			(1,221)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Jackie Bailey
Director
Approved by the board on 24 July 2025

S.A. Bailey Cellar Services Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 12 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		4


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			4,004		65,459		69,463
	Disposals			-		(18,080)		(18,080)
	At 31 March 2025			4,004		47,379		51,383

	Depreciation
	At 1 April 2024			801		17,390		18,191
	Charge for the year			801		2,424		3,225
	On disposals			-		(9,793)		(9,793)
	At 31 March 2025			1,602		10,021		11,623

	Net book value
	At 31 March 2025			2,402		37,358		39,760
	At 31 March 2024			3,203		48,069		51,272


4	Debtors					2025		2024
£							£

	Trade debtors					20,289		23,091
	HMRC Recoverable					12,319		12,319
	Other debtors					16,500		36,500
						49,108		71,910


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					36,623		37,588
	Commercial Card					854		990
	Trade creditors					874		978
	HMRC					-		12,319
	Corporation tax					22,008		21,910
	Other taxes and social security costs					7,757		6,350
	Other creditors					580		250
						68,696		80,385


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					17,736		44,018


7	Events after the reporting date

	There were no post balance sheet events that would have had a material effect upon the company's state of affairs.


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Jackie Bailey
	Cash loan payable on demand.	18,250		-		(10,000)		8,250

	Shaun Bailey
	Cash loan payable on demand.	18,250		-		(10,000)		8,250

		36,500		-		(20,000)		16,500


9	Controlling party

	During the period under review the company was under the control of the two directors and shareholders Mr and Mrs Bailey.


10	Other information

	S.A. Bailey Cellar Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	20 Hamilton Road
	Bishopstoke
	Eastleigh
	Hampshire
	SO50 6AL