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Registration number: 09704003

Bayliss Bros Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Bayliss Bros Limited

Company Information

Directors

Mr PA Bayliss Mr PW Bayliss

Company secretary

Mrs HL Bayliss

Registered office

Plot 1b The Old Sawmills Eardisley Herefordshire HR3 6NR

Bankers

Barclays Bank plc 1-3 Broad Street Hereford HR4 9BH

Accountants

W J James & Co Chartered Accountants Bishop House 10 Wheat Street Brecon Powys LD3 7DG

Bayliss Bros Limited

(Registration number: 09704003)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	1,737	22,565
Tangible assets	5	2,469,847	2,440,273
		2,471,584	2,462,838
Current assets
Stocks		43,294	22,028
Debtors	6	394,255	333,444
Cash at bank and in hand		112,691	82,732
		550,240	438,204
Creditors: Amounts falling due within one year	7	(1,060,232)	(1,083,256)
Net current liabilities		(509,992)	(645,052)
Total assets less current liabilities		1,961,592	1,817,786
Creditors: Amounts falling due after more than one year	7	(1,193,298)	(1,249,256)
Provisions for liabilities		(366,576)	(314,144)
Net assets		401,718	254,386
Capital and reserves
Called up share capital		100	100
Retained earnings		401,618	254,286
Shareholders' funds		401,718	254,386

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2026 and signed on its behalf by:
 

Bayliss Bros Limited

(Registration number: 09704003)
Balance Sheet as at 31 March 2026

......................................... Mr PA Bayliss Director

......................................... Mr PW Bayliss Director

Bayliss Bros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales within the United Kingdom.

The address of its registered office is:
Plot 1b
The Old Sawmills
Eardisley
Herefordshire
HR3 6NR

These financial statements were authorised for issue by the Board on 31 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

The company has net current liabilities as at the balance sheet date. The two directors and shareholders have significant directors loan account balances owed to them. The financial statements have been prepared on a going concern basis as the directors have pledged their ongoing support for the company and do not include any adjustment that would be necessary if they were to withdraw their financial support.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales and value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Bayliss Bros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold property improvements	Nil
Fixtures and fittings	25% on reducing balance
Plant and machinery	25% on reducing balance
Computer equipment	25% on reducing balance
Lorries and trailers	12.5% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 5 years

Bayliss Bros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Bayliss Bros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2025 - 27).

Bayliss Bros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	208,282	208,282
At 31 March 2026	208,282	208,282
Amortisation
At 1 April 2025	185,717	185,717
Amortisation charge	20,828	20,828
At 31 March 2026	206,545	206,545
Carrying amount
At 31 March 2026	1,737	1,737
At 31 March 2025	22,565	22,565

5	Tangible assets

	Short leasehold property improvements £	Fixtures and fittings £	Plant and machinery £	Computer equipment £
Cost or valuation
At 1 April 2025	48,763	4,777	148,195	9,474
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 March 2026	48,763	4,777	148,195	9,474
Depreciation
At 1 April 2025	-	4,107	122,525	8,140
Charge for the year	-	170	6,414	332
Eliminated on disposal	-	-	-	-
At 31 March 2026	-	4,277	128,939	8,472
Carrying amount
At 31 March 2026	48,763	500	19,256	1,002
At 31 March 2025	48,763	670	25,670	1,334

Bayliss Bros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

	Lorries and trailers £	Total £
Cost or valuation
At 1 April 2025	3,191,042	3,402,251
Additions	699,821	699,821
Disposals	(661,119)	(661,119)
At 31 March 2026	3,229,744	3,440,953
Depreciation
At 1 April 2025	827,206	961,978
Charge for the year	296,340	303,256
Eliminated on disposal	(294,128)	(294,128)
At 31 March 2026	829,418	971,106
Carrying amount
At 31 March 2026	2,400,326	2,469,847
At 31 March 2025	2,363,836	2,440,273

Bayliss Bros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	373,792	318,768
Prepayments	20,463	14,676
	394,255	333,444

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	616,201	580,837
Trade creditors		142,302	148,441
Taxation and social security		109,421	104,012
Accruals and deferred income		58,999	52,070
Other creditors		133,309	197,896
		1,060,232	1,083,256

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	1,193,298	1,249,256

Bayliss Bros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	1,667
Hire purchase contracts	1,193,298	1,247,589
	1,193,298	1,249,256

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,667	10,000
Hire purchase contracts	549,534	530,837
Other borrowings	65,000	40,000
	616,201	580,837