Company registration number 05398477 (England and Wales)
BAYLIS & KNIGHT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BAYLIS & KNIGHT LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
BAYLIS & KNIGHT LTD
COMPANY INFORMATION
- 1 -
Directors
U Darrigan
A Knight
Company number
05398477
Registered office
Riverside House
Kings Reach Business Park
Yew Street
Stockport
Cheshire
SK4 2HD
Accountants
Xeinadin
Riverside House
Kings Reach Business Park
Yew Street
Stockport
Cheshire
SK4 2HD
BAYLIS & KNIGHT LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
1,900
11,400
Tangible assets
5
253
333
2,153
11,733
Current assets
Stocks
6
850
850
Debtors
7
881
-
0
Cash at bank and in hand
95
501
1,826
1,351
Creditors: amounts falling due within one year
8
(23,043)
(15,894)
Net current liabilities
(21,217)
(14,543)
Total assets less current liabilities
(19,064)
(2,810)
Creditors: amounts falling due after more than one year
9
(84,617)
(87,842)
Provisions for liabilities
(48)
(63)
Net liabilities
(103,729)
(90,715)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(103,829)
(90,815)
Total equity
(103,729)
(90,715)
BAYLIS & KNIGHT LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 November 2025 and are signed on its behalf by:
U Darrigan
Director
Company registration number 05398477 (England and Wales)
BAYLIS & KNIGHT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Baylis & Knight Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Riverside House, Kings Reach Business Park, Yew Street, Stockport, Cheshire, SK4 2HD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed the performance of the company since the year end of the accounting period. The level of turnover since the year end remains consistent that there are sufficient cashflows to meet the on-going liabilities and the company anticipates that it will remain profitable in the following years. The directors are satisfied that there are no material uncertainties that may cast doubt about the ability of the company to continue as a going concern.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the rental income and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

BAYLIS & KNIGHT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on cost
Fixtures and fittings
15% written down value
Computers
33% written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BAYLIS & KNIGHT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.9
Taxation
Current tax

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

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

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
BAYLIS & KNIGHT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
190,000
Amortisation and impairment
At 1 April 2024
178,600
Amortisation charged for the year
9,500
At 31 March 2025
188,100
Carrying amount
At 31 March 2025
1,900
At 31 March 2024
11,400
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
671
3,818
3,099
7,588
Depreciation and impairment
At 1 April 2024
565
3,645
3,045
7,256
Depreciation charged in the year
35
26
18
79
At 31 March 2025
600
3,671
3,063
7,335
Carrying amount
At 31 March 2025
70
147
36
253
At 31 March 2024
106
174
54
333
6
Stocks
2025
2024
£
£
Stocks
850
850
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
881
-
0
BAYLIS & KNIGHT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
13,294
5,000
Trade creditors
303
523
Taxation and social security
-
0
1,182
Other creditors
9,446
9,189
23,043
15,894
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,421
6,151
Other creditors
82,196
81,691
84,617
87,842
10
Loans and overdrafts
2025
2024
£
£
Bank loans
5,600
9,330
Bank overdrafts
10,115
1,821
15,715
11,151
Payable within one year
13,294
5,000
Payable after one year
2,421
6,151
11
Control

There is no controlling party by virtue of the owners shareholding.

2025-03-31 2024-04-01 false false false 06 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity U Darrigan A Knight 05398477 2024-04-01 2025-03-31 05398477 2025-03-31 05398477 bus:Director1 2024-04-01 2025-03-31 05398477 bus:Director2 2024-04-01 2025-03-31 05398477 bus:RegisteredOffice 2024-04-01 2025-03-31 05398477 2024-03-31 05398477 core:NetGoodwill 2025-03-31 05398477 core:NetGoodwill 2024-03-31 05398477 core:PlantMachinery 2025-03-31 05398477 core:FurnitureFittings 2025-03-31 05398477 core:ComputerEquipment 2025-03-31 05398477 core:FurnitureFittings 2024-03-31 05398477 core:ComputerEquipment 2024-03-31 05398477 core:ShareCapital 2025-03-31 05398477 core:ShareCapital 2024-03-31 05398477 core:RetainedEarningsAccumulatedLosses 2025-03-31 05398477 core:RetainedEarningsAccumulatedLosses 2024-03-31 05398477 core:Goodwill 2024-04-01 2025-03-31 05398477 core:PlantMachinery 2024-04-01 2025-03-31 05398477 core:FurnitureFittings 2024-04-01 2025-03-31 05398477 core:ComputerEquipment 2024-04-01 2025-03-31 05398477 2023-04-01 2024-03-31 05398477 core:NetGoodwill 2024-03-31 05398477 core:NetGoodwill 2024-04-01 2025-03-31 05398477 core:PlantMachinery 2024-03-31 05398477 core:FurnitureFittings 2024-03-31 05398477 core:ComputerEquipment 2024-03-31 05398477 2024-03-31 05398477 core:WithinOneYear 2025-03-31 05398477 core:WithinOneYear 2024-03-31 05398477 core:CurrentFinancialInstruments 2025-03-31 05398477 core:CurrentFinancialInstruments 2024-03-31 05398477 core:Non-currentFinancialInstruments 2025-03-31 05398477 core:Non-currentFinancialInstruments 2024-03-31 05398477 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05398477 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05398477 bus:FRS102 2024-04-01 2025-03-31 05398477 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05398477 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP