Registration number: 05963453

Bailey Ahmad Limited

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	19,520	21,887
Current assets
Debtors	5	338,800	611,670
Cash at bank and in hand		208,370	22,196
		547,170	633,866
Creditors: Amounts falling due within one year	6	(377,157)	(408,504)
Net current assets		170,013	225,362
Total assets less current liabilities		189,533	247,249
Creditors: Amounts falling due after more than one year	6	(74,100)	(135,571)
Provisions for liabilities		(4,880)	(5,472)
Net assets		110,553	106,206
Capital and reserves
Called up share capital		2	2
Retained earnings		110,551	106,204
Shareholders' funds		110,553	106,206

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Bailey Ahmad Limited

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:
 

.........................................

Mr P Bailey

Director

Company registration number: 05963453

Bailey Ahmad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
c/o Brebners
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of insolvency practitioners.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a profit for the year ended 31 March 2025 and had net assets at that date of £110,553 including cash at bank of £208,370.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of insolvency services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

Fee income is recognised according to the stage of completion based upon contractual and statutory entitlement to benefit.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Bailey Ahmad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 21 (2024 - 18).

Bailey Ahmad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	176,045	176,045
Additions	3,840	3,840
At 31 March 2025	179,885	179,885
Depreciation
At 1 April 2024	154,158	154,158
Charge for the year	6,207	6,207
At 31 March 2025	160,365	160,365
Carrying amount
At 31 March 2025	19,520	19,520
At 31 March 2024	21,887	21,887

5

Debtors

	Note	2025 £	2024 £
Trade debtors		157,117	297,974
Amounts owed by group undertakings	8	76,455	237,089
Other debtors		105,228	76,607
		338,800	611,670

Bailey Ahmad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	7	56,002	67,815
Trade creditors		44,287	54,397
Amounts owed to group undertakings	8	43,388	-
Taxation and social security		101,453	77,927
Other creditors		132,027	208,365
		377,157	408,504

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	7	74,100	135,571