Bailey Fisher Executive Search Limited

Registered number

03568521

Filleted Accounts

31 March 2025

Bailey Fisher Executive Search Limited
Registered number:		03568521
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		18,697			7,890

Current assets
Debtors	4	1,365,390			1,236,013
Cash at bank and in hand		6,903			61,275
		1,372,293			1,297,288

Creditors: amounts falling due within one year	5	(250,053)			(180,146)

Net current assets			1,122,240			1,117,142

Total assets less current liabilities			1,140,937			1,125,032

Creditors: amounts falling due after more than one year	6		(24,030)			(39,851)

Provisions for liabilities			(1,585)			(2,008)


Net assets			1,115,322			1,083,173

Capital and reserves
Called up share capital			1,800			1,800
Profit and loss account			1,113,522			1,081,373

Shareholders' funds			1,115,322			1,083,173

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.




Mr A J Moore
Director
Approved by the board on 5 December 2025

Bailey Fisher Executive Search 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 rendering of services. Turnover from the rendering of services is recognised when the company obtains the right to consideration. Sales invoiced in advance are recognised as deferred income and sales invoiced in arrears recognised as accrued income.

	Going Concern
	The financial statements have been prepared on a going concern basis. The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern for the period of at least 12 months from the date of approval of these financial statements.

	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:

	Computer equipment	over 3 years
	Furniture & Fittings	over 5 years
	Leasehold improvements	over 3 years

	Government Grants
	Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating to either revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset.

	Financial instruments
	All of the company's financial instruments are considered to be basic. Basic financial instruments are recognised at amortised cost.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			9		11


3	Taxation			2024		2023
£					£

	Current year corporation tax charge			12,268		16,127
	Deferred Tax on timing differences			(423)		12

				11,845		16,139

3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	-		23,120		23,120
	Additions	17,794		3,167		20,961
	At 31 March 2025	17,794		26,287		44,081

	Depreciation
	At 1 April 2024	-		15,230		15,230
	Charge for the year	5,437		4,717		10,154
	At 31 March 2025	5,437		19,947		25,384

	Net book value
	At 31 March 2025	12,357		6,340		18,697
	At 31 March 2024	-		7,890		7,890


4	Debtors			2025		2024
£					£

	Trade debtors			91,826		80,040
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			1,212,121		1,079,701
	Other debtors			61,443		76,272
				1,365,390		1,236,013

	Amounts due after more than one year included above			1,212,121		1,079,701


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

	Bank loans and overdrafts			106,913		15,127
	Trade creditors			15,531		14,033
	Taxation and social security costs			106,224		127,359
	Other creditors			21,385		23,627
				250,053		180,146


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

	Bank loans			24,030		39,851


7	Controlling party

	The parent company is Bailey Fisher Holdings Limited, whose registered office is at The Crome Lea Business Park, Madingley Road, Coton, Cambridge, CB23 7PH.


8	Other information

	Bailey Fisher Executive Search Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Crome Lea Business Park
	Madingley Road
	Coton
	Cambridge
	CB23 7PH