REGISTERED NUMBER: 01168390 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2026

for

BAILES & KIDLEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P.F. Kidley

G Francis

T F Kidley

SECRETARY:

L Wood

REGISTERED OFFICE:

260 Reede Road

Dagenham

Essex

RM10 8EH

REGISTERED NUMBER:

01168390 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Tangible assets

4

61,138

40,983

CURRENT ASSETS

Stocks

5,500

17,952

Debtors

5

307,040

185,863

Cash at bank and in hand

192,721

152,932

505,261

356,747

CREDITORS

Amounts falling due within one year

6

335,819

218,289

NET CURRENT ASSETS

169,442

138,458

TOTAL ASSETS LESS CURRENT LIABILITIES

230,580

179,441

CREDITORS

Amounts falling due after more than one year

7

(39,460

)

(15,806

)

PROVISIONS FOR LIABILITIES

(13,958

)

(11,390

)

NET ASSETS

177,162

152,245

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

176,962

152,145

SHAREHOLDERS' FUNDS

177,162

152,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th August 2026 and were signed on its behalf by:

P.F. Kidley - Director

1.	STATUTORY INFORMATION

Bailes & Kidley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1st May 2025

6,025

34,875

92,133

133,033

Additions

-

673

58,948

59,621

Disposals

-

-

(53,851

)

(53,851

)

At 30th April 2026

6,025

35,548

97,230

138,803

DEPRECIATION

At 1st May 2025

633

34,003

57,414

92,050

Charge for year

91

651

15,950

16,692

Eliminated on disposal

-

-

(31,077

)

(31,077

)

At 30th April 2026

724

34,654

42,287

77,665

NET BOOK VALUE

At 30th April 2026

5,301

894

54,943

61,138

At 30th April 2025

5,392

872

34,719

40,983

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st May 2025

75,683

Additions

58,948

Disposals

(53,851

)

Transfer to ownership

(21,831

)

At 30th April 2026

58,949

DEPRECIATION

At 1st May 2025

48,621

Charge for year

14,228

Eliminated on disposal

(31,077

)

Transfer to ownership

(18,509

)

At 30th April 2026

13,263

NET BOOK VALUE

At 30th April 2026

45,686

At 30th April 2025

27,062

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

282,643

167,145

Other debtors

24,397

18,718

307,040

185,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

17,129

Hire purchase contracts

14,950

8,315

Trade creditors

172,328

102,193

Taxation and social security

78,784

51,632

Other creditors

69,757

39,020

335,819

218,289

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

39,460

15,806

8.	RELATED PARTY DISCLOSURES

Rent of £20,500 was paid to Kidley Properties Ltd, a company of whom PF Kidley is a Director and controlling shareholder Mrs LR Wood is also a shareholder of Kidley Properties Ltd. £17,130.69 loan was repaid to Kidley Properties Ltd as at 30 April 2026.