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Registered number: 07088508
Bailey Building and Roofing Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
MWR Accountants
First Floor Blackdown House
Blackbrook Business Park
Taunton
TA1 2PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07088508
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 37,017 49,360
37,017 49,360
CURRENT ASSETS
Debtors 6 2,252 15,405
Cash at bank and in hand 48,105 45,452
50,357 60,857
Creditors: Amounts Falling Due Within One Year 7 (76,074 ) (79,700 )
NET CURRENT ASSETS (LIABILITIES) (25,717 ) (18,843 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,300 30,517
Creditors: Amounts Falling Due After More Than One Year 8 (1,351 ) (6,492 )
NET ASSETS 9,949 24,025
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 9,947 24,023
SHAREHOLDERS' FUNDS 9,949 24,025
Page 1
Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gareth Bailey
Director
26 August 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bailey Building and Roofing Limited is a private company, limited by shares, incorporated in Scotland, registered number 07088508 . The registered office is 2 Kimberley Road, Penylan, Cardiff, CF23 5HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Computer Equipment 25% RB
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2024 30,000
As at 30 November 2025 30,000
Amortisation
As at 1 December 2024 30,000
As at 30 November 2025 30,000
Net Book Value
As at 30 November 2025 -
As at 1 December 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2024 6,300 112,993 1,936 121,229
As at 30 November 2025 6,300 112,993 1,936 121,229
Depreciation
As at 1 December 2024 6,276 64,139 1,454 71,869
Provided during the period 8 12,214 121 12,343
As at 30 November 2025 6,284 76,353 1,575 84,212
Net Book Value
As at 30 November 2025 16 36,640 361 37,017
As at 1 December 2024 24 48,854 482 49,360
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,252 15,405
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,455 20,058
Corporation tax 4,201 5,139
Other taxes and social security 5,980 1,519
VAT 11,046 12,264
Accruals and deferred income 1,470 1,470
Director's loan account 38,922 39,250
76,074 79,700
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,351 6,492
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 25,000 34,000
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