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Registered Number: 10511323
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2024

for

BAILEYS AND SEANG LIMITED

BAILEYS AND SEANG LIMITED
Statement of Financial Position
As at 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets
Tangible fixed assets 2 16,308    20,253 
16,308    20,253 
Current assets
Inventories 3 10,000    10,000 
Debtors 4 3,900    3,900 
Cash at bank and in hand 30,415    35,965 
44,315    49,865 
Creditors: amount falling due within one year 5 (155,703)   (74,995)
Net current assets/(liabilities) (111,388)   (25,130)
 
Total assets less current liabilities (95,080)   (4,877)
Creditors: amount falling due after more than one year 6 (439,434)   (450,321)
Net assets/(liabilities) (534,514)   (455,198)
 

Capital and reserves
Called up share capital 1    1 
Profit and loss account 7 (534,515)   (455,199)
Shareholders fund (534,514)   (455,198)
 
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. 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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Dave Knowles
Director

Date approved: 10 December 2025
1
BAILEYS AND SEANG LIMITED
Notes to the Accounts
For the year ended 31 December 2024
Statutory Information
BAILEYS AND SEANG LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 10511323, registration address 99 St. Johns Road, Buxton, SK17 6UT, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings50% Reducing Balance
Motor Vehicles20% Reducing Balance
Office Equipment15% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation   Freehold property   Fixtures and Fittings   Motor Vehicles   Office Equipment   Total
    £   £   £   £   £
At 01 January 2024   1    130,245    -    389    130,635 
Additions   -    -    5,200    2,241    7,441 
At 31 December 2024   1    130,245    5,200    2,630    138,076 
Depreciation
At 01 January 2024   -    110,324    -    58    110,382 
Charge for year   -    9,960    1,040    386    11,386 
At 31 December 2024   -    120,284    1,040    444    121,768 
Net book values
Closing balance as at 31 December 2024   1    9,961    4,160    2,186    16,308 
Opening balance as at 01 January 2024   1    19,921    -    331    20,253 

3.

Inventories

2024
£		   2023
£
Stocks 10,000    10,000 
10,000    10,000 
4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Deposits paid 3,900    3,900 
3,900    3,900 
5.

Creditors: amount falling due within one year

2024
£		   2023
£
Accrued expenses -    1,919 
Wages & salaries control account 2,847    (2,461)
Bank loans & overdrafts 30,905    37,077 
Loan - LIBERIS LIMITED 952    - 
Loan - Funding Circle 50,175    - 
Social security & other tax 31,546    4,838 
VAT 39,278    33,622 
155,703    74,995 
6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Other Loan 123,161    133,247 
Directors' loan account 316,273    317,074 
439,434    450,321 
7.

Profit and loss account

  2024
£
Balance at 01 January 2024 (455,199)
Loss for the year (79,316)
Balance at 31 December 2024 (534,515)

8.

Average number of employees

Average number of employees during the year were 18 (2023: 16).
2