Bay Logistics Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06874033

Bay Logistics Limited

Filleted Unaudited Financial Statements

For the year ended

30 April 2026

Bay Logistics Limited

Statement of Financial Position

30 April 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		307,029	120,915

Current assets

Debtors	6	198,031	139,812
Cash at bank and in hand		115	13
		---------	---------
		198,146	139,825

Creditors: amounts falling due within one year	7	199,363		174,925
		---------		---------
Net current liabilities			1,217	35,100
			---------	---------
Total assets less current liabilities			305,812	85,815

Creditors: amounts falling due after more than one year	8		169,967	21,211

Provisions

Taxation including deferred tax	76,757	29,502
	---------	--------
Net assets	59,088	35,102
	---------	--------

Capital and reserves

Called up share capital	20	15
Profit and loss account	59,068	35,087
	--------	--------
Shareholders funds	59,088	35,102
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Bay Logistics Limited

Statement of Financial Position (continued)

30 April 2026

These financial statements were approved by the board of directors and authorised for issue on 20 July 2026 , and are signed on behalf of the board by:

Mr S E Hamblett

Director

Company registration number: 06874033

Bay Logistics Limited

Notes to the Financial Statements

Year ended 30 April 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Heysham Mossgate Road, Heysham, Morecambe, Lancashire, LA3 2JT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Alterations	-	20% straight line
Plant & Machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Computer Equipment	-	33% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2025: 10 ).

5. Tangible assets

Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
£	£	£	£	£

Cost
At 1 May 2025	6,338	85,534	211,134	3,572	306,578
Additions	–	–	266,940	–	266,940
Disposals	–	–	( 98,710)	–	( 98,710)
	-------	--------	---------	-------	---------
At 30 April 2026	6,338	85,534	379,364	3,572	474,808
	-------	--------	---------	-------	---------
Depreciation
At 1 May 2025	3,432	42,693	136,225	3,313	185,663
Charge for the year	969	6,426	41,969	259	49,623
Disposals	–	–	( 67,507)	–	( 67,507)
	-------	--------	---------	-------	---------
At 30 April 2026	4,401	49,119	110,687	3,572	167,779
	-------	--------	---------	-------	---------
Carrying amount
At 30 April 2026	1,937	36,415	268,677	–	307,029
	-------	--------	---------	-------	---------
At 30 April 2025	2,906	42,841	74,909	259	120,915
	-------	--------	---------	-------	---------

6. Debtors

	2026	2025
	£	£

Trade debtors	152,825	118,803
Prepayments and accrued income	25,131	21,009
Corporation tax repayable	20,075	–
	---------	---------
	198,031	139,812
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£

Bank loans and overdrafts	19,166	8,488
Trade creditors	35,028	33,211
Accruals and deferred income	3,315	5,312
Corporation tax	–	31,586
Social security and other taxes	17,472	34,828
Obligations under finance leases and hire purchase contracts	60,988	14,000
Director loan accounts	63,394	47,500
	---------	---------
	199,363	174,925
	---------	---------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£

Bank loans and overdrafts	–	7,211
Obligations under finance leases and hire purchase contracts	169,967	14,000
	---------	--------
	169,967	21,211
	---------	--------