Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2026-05-22 2025-12-31 2026-05-19 motor vehicle repairs and maintenance 10 10 2025-01-01 false true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01968552 2025-01-01 2025-12-31 01968552 2024-01-01 2024-12-31 01968552 2025-12-31 01968552 2024-12-31 01968552 c:CompanySecretary1 2025-01-01 2025-12-31 01968552 c:Director1 2025-01-01 2025-12-31 01968552 c:Director1 2025-12-31 01968552 c:Director2 2025-01-01 2025-12-31 01968552 c:Director2 2025-12-31 01968552 c:Director3 2025-01-01 2025-12-31 01968552 c:Director4 2025-01-01 2025-12-31 01968552 c:RegisteredOffice 2025-01-01 2025-12-31 01968552 d:Buildings 2025-01-01 2025-12-31 01968552 d:Buildings 2025-12-31 01968552 d:Buildings 2024-12-31 01968552 d:Buildings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01968552 d:LandBuildings 2025-12-31 01968552 d:LandBuildings 2024-12-31 01968552 d:PlantMachinery 2025-01-01 2025-12-31 01968552 d:PlantMachinery 2025-12-31 01968552 d:PlantMachinery 2024-12-31 01968552 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01968552 d:MotorVehicles 2025-01-01 2025-12-31 01968552 d:MotorVehicles 2025-12-31 01968552 d:MotorVehicles 2024-12-31 01968552 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01968552 d:OfficeEquipment 2025-01-01 2025-12-31 01968552 d:OfficeEquipment 2025-12-31 01968552 d:OfficeEquipment 2024-12-31 01968552 d:OfficeEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01968552 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01968552 d:CurrentFinancialInstruments 2025-12-31 01968552 d:CurrentFinancialInstruments 2024-12-31 01968552 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 01968552 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01968552 d:ShareCapital 2025-12-31 01968552 d:ShareCapital 2024-12-31 01968552 d:RevaluationReserve 2025-01-01 2025-12-31 01968552 d:RevaluationReserve 2025-12-31 01968552 d:RevaluationReserve 2024-12-31 01968552 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01968552 d:RetainedEarningsAccumulatedLosses 2025-12-31 01968552 d:RetainedEarningsAccumulatedLosses 2024-12-31 01968552 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-12-31 01968552 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 01968552 c:OrdinaryShareClass1 2025-01-01 2025-12-31 01968552 c:OrdinaryShareClass1 2025-12-31 01968552 c:OrdinaryShareClass1 2024-12-31 01968552 c:FRS102 2025-01-01 2025-12-31 01968552 c:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 01968552 c:FullAccounts 2025-01-01 2025-12-31 01968552 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01968552 2 2025-01-01 2025-12-31 01968552 5 2025-01-01 2025-12-31 01968552 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01968552 BAILEYS TRANSPORT (1985) LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
BAILEYS TRANSPORT (1985) LIMITED COMPANY INFORMATION
Directors | Bernard George Bailey (deceased 16 February 2025)
| Gwendoline May Bailey (deceased 26 April 2026)
| Dean Bailey
| Neil Bernard Bailey
Company secretary | Dean Bailey
Registered number | 01968552
Registered office | Baileys Transport Northacre
| Caston
| Attleborough
| Norfolk
| NR17 1DG
Accountants | MA Partners LLP
| Chartered Accountants
| 12 Church Street
| Cromer
| Norfolk
| NR27 9ER
BAILEYS TRANSPORT (1985) LIMITED CONTENTS
| Page
Accountants' Report | 1
Balance Sheet | 2 - 3
Notes to the Financial Statements | 4 - 12
BAILEYS TRANSPORT (1985) LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BAILEYS TRANSPORT (1985) LIMITED FOR THE YEAR ENDED 31 DECEMBER 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baileys Transport (1985) Limited for the year ended 31 December 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of Directors of Baileys Transport (1985) Limited, as a body, in accordance with the terms of our engagement letter dated 27 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Baileys Transport (1985) Limited and state those matters that we have agreed to state to the Board of Directors of Baileys Transport (1985) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baileys Transport (1985) Limited and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that Baileys Transport (1985) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baileys Transport (1985) Limited. You consider that Baileys Transport (1985) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Baileys Transport (1985) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. MA Partners LLP Chartered Accountants 12 Church Street Cromer Norfolk NR27 9ER 22 May 2026 Page 1
BAILEYS TRANSPORT (1985) LIMITED REGISTERED NUMBER: 01968552 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 175,133 |  | 187,386
|  |  | 175,133 |  | 187,386
Current assets |  |  |  |  |
Stocks |  | 25,530 |  | 28,098 |
Debtors: amounts falling due within one year | 5 | 177,376 |  | 205,689 |
Cash at bank and in hand |  | 484,429 |  | 412,018 |
|  | 687,335 |  | 645,805 |
Creditors: amounts falling due within one year | 6 | (94,305) |  | (109,972) |
Net current assets |  |  | 593,030 |  | 535,833
Total assets less current liabilities |  |  | 768,163 |  | 723,219
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (20,044) |  | (22,342) |
|  |  | (20,044) |  | (22,342)
Net assets |  |  | 748,119 |  | 700,877
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 36,000 |  | 36,000
Revaluation reserve | 9 |  | 49,549 |  | 58,233
Profit and loss account | 9 |  | 662,570 |  | 606,644
|  |  | 748,119 |  | 700,877
Page 2
BAILEYS TRANSPORT (1985) LIMITED REGISTERED NUMBER: 01968552 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ Dean Bailey | ................................................ Neil Bernard Bailey
Director | Director
Date: 19 May 2026 |
The notes on pages 4 to 12 form part of these financial statements. Page 3
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
The Company is a United Kingdom private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is Baileys Transport Northacre, Caston, Attleborough, Norfolk, NR17 1DG and its registration number is 01968552. The company's principal activity is that of motor vehicle repairs and maintenance. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 5
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 1% | to 5% straight line
|  |  |  | Plant and machinery | - | 10% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Office equipment | - | 15% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Page 6
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 7
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.14 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 8
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 10 (2024 - 10).
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Motor vehicles | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 230,000 | 177,330 | 114,390 | 12,036 | 533,756
| Additions | - | 1,342 | - | 2,445 | 3,787
| Disposals | - | - | (6,495) | - | (6,495)
| At 31 December 2025 | 230,000 | 178,672 | 107,895 | 14,481 | 531,048
| Depreciation |  |  |  |  |
| At 1 January 2025 | 131,981 | 109,160 | 94,341 | 10,888 | 346,370
| Charge for the year on owned assets | 3,060 | 6,956 | 4,892 | 645 | 15,553
| Disposals | - | - | (6,008) | - | (6,008)
| At 31 December 2025 | 135,041 | 116,116 | 93,225 | 11,533 | 355,915
| Net book value |  |  |  |  |
| At 31 December 2025 | 94,959 | 62,556 | 14,670 | 2,948 | 175,133
| At 31 December 2024 | 98,019 | 68,170 | 20,049 | 1,148 | 187,386
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Freehold | 94,959 | 98,019
|  | 94,959 | 98,019
Page 9
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Cost or valuation at 31 December 2025 is as follows:
|  |  | Land and buildings
|  |  | £
|  | At cost | 70,737
|  | At valuation: |
|  | Uplift to open market value as at 31 December 2007 | 159,263
|  |  | 230,000
| If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cost | 70,737 | 70,737
| Accumulated depreciation | (62,453) | (59,166)
| Net book value | 8,284 | 11,571
Page 10
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 158,586 | 199,947
| Other debtors | 13,328 | 1,573
| Prepayments and accrued income | 5,462 | 4,169
|  | 177,376 | 205,689
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 23,166 | 31,732
| Corporation tax | 24,975 | 28,933
| Other taxation and social security | 37,389 | 39,979
| Other creditors | 1,799 | 1,589
| Accruals and deferred income | 6,976 | 7,739
|  | 94,305 | 109,972
7. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 484,429 | 412,018
| Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Authorised, allotted, called up and fully paid |  |
|  | 36,000 (2024 - 36,000) Ordinary shares of £1.00 each | 36,000 | 36,000
Page 11
BAILEYS TRANSPORT (1985) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Reserves
Revaluation reserve The revaluation reserve includes any surplus or deficit arising from revaluation of the company’s tangible fixed assets. Profit and loss account The profit and loss account includes all current and prior period retained profits and losses.
10. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £118,680 (2024 - £127,385). As at the year end, a sum of £1,799 (2024 - £923) was payable in respect of these contributions.
11. | Transactions with directors
During the year, the company incurred expenses on behalf of the directors totaling £15,499 (2024 : £7,110). Conversely, the directors' made contributions to the company in lieu of the directors' loan accounts totaling £3,078 (2024 : £8,250). As at 31 December 2025, the directors' loan accounts were overdrawn by the sum of £13,328 (2024 : £1,573). Interest has been charged to the directors on the outstanding balances at HMRC's average official beneficial loan rates. Since the balance sheet date, the overdrawn amounts have been repaid in full.
Page 12