29 February 2024 false No description of principal activity Taxfiler 2024.6 05712949 business:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 05712949 2024-02-28 05712949 2024-02-29 2025-02-28 05712949 business:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 05712949 business:FilletedAccounts 2024-02-29 2025-02-28 05712949 2025-02-28 05712949 business:Director1 2024-02-29 2025-02-28 05712949 business:RegisteredOffice 2024-02-29 2025-02-28 05712949 2024-02-28 05712949 core:WithinOneYear 2025-02-28 05712949 core:WithinOneYear 2024-02-28 05712949 core:AfterOneYear 2025-02-28 05712949 core:AfterOneYear 2024-02-28 05712949 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 05712949 core:ShareCapital core:PreviouslyStatedAmount 2024-02-28 05712949 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 05712949 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-28 05712949 core:PreviouslyStatedAmount 2025-02-28 05712949 core:PreviouslyStatedAmount 2024-02-28 05712949 business:SmallEntities 2024-02-29 2025-02-28 05712949 countries:EnglandWales 2024-02-29 2025-02-28 05712949 core:PlantMachinery 2024-02-29 2025-02-28 05712949 core:MotorVehicles 2024-02-29 2025-02-28 05712949 core:PlantMachinery 2024-02-28 05712949 core:MotorVehicles 2024-02-28 05712949 core:PlantMachinery 2025-02-28 05712949 core:MotorVehicles 2025-02-28 05712949 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 05712949 (England and Wales)
Bailey Construction (Loughor) Limited Unaudited accounts for the period from 29 February 2024 to 28 February 2025
Bailey Construction (Loughor) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Bailey Construction (Loughor) Limited Company Information for the period from 29 February 2024 to 28 February 2025
Director
Ian Bailey
Company Number
05712949 (England and Wales)
Registered Office
46 Penrhos Gorseinon Swansea SA4 4PA
Accountants
Hurleys Accounting Limited 201 Underhill Road East Dulwich London Dyfed SE22 0PD
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Bailey Construction (Loughor) Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
28,025
-
Current assets
Inventories
3,987
3,987
Debtors
5
39,133
2,202
Cash at bank and in hand
10,802
32,455
53,922
38,644
Creditors: amounts falling due within one year
6
(31,988)
(32,321)
Net current assets
21,934
6,323
Total assets less current liabilities
49,959
6,323
Creditors: amounts falling due after more than one year
7
(14,504)
-
Net assets
35,455
6,323
Capital and reserves
Called up share capital
1
1
Profit and loss account
35,454
6,322
Shareholders' funds
35,455
6,323
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2025 and were signed on its behalf by
Ian Bailey Director Company Registration No. 05712949
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Bailey Construction (Loughor) Limited Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
Bailey Construction (Loughor) Limited is a private company, limited by shares, registered in England and Wales, registration number 05712949. The registered office is 46 Penrhos, Gorseinon, Swansea, SA4 4PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 29 February 2024
7,390
45,101
52,491
Additions
16,500
20,033
36,533
Disposals
-
(26,416)
(26,416)
At 28 February 2025
23,890
38,718
62,608
Depreciation
At 29 February 2024
7,390
45,101
52,491
Charge for the period
3,500
5,008
8,508
On disposals
-
(26,416)
(26,416)
At 28 February 2025
10,890
23,693
34,583
Net book value
At 28 February 2025
13,000
15,025
28,025
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Bailey Construction (Loughor) Limited Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
276
441
Trade debtors
38,857
1,761
39,133
2,202
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,482
8,444
Taxes and social security
3,748
12,816
Loans from directors
25,758
10,147
Accruals
-
914
31,988
32,321
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
14,504
-
8
Average number of employees
During the period the average number of employees was 1 (2024: 1).
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