Harry Nicholas Bailey Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 04749450

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		23,434		5,506

			23,435		5,507
CURRENT ASSETS
Stocks	6	7,500		7,500
Debtors	7	17,168		18,647
Cash at bank and in hand		91,021		70,103

		115,689		96,250
Creditors: Amounts Falling Due Within One Year	8	(74,797 )		(80,351 )

NET CURRENT ASSETS (LIABILITIES)			40,892		15,899

TOTAL ASSETS LESS CURRENT LIABILITIES			64,327		21,406

Creditors: Amounts Falling Due After More Than One Year	9		(22,844 )		-

NET ASSETS			41,483		21,406

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			41,482		21,405

SHAREHOLDERS' FUNDS			41,483		21,406

Page 1

Page 2

Harry Nicholas Bailey Limited

Balance Sheet (continued)

As At 31 March 2026

For the 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.

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 Harry Nicholas Bailey

Director

15/09/2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Harry Nicholas Bailey Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04749450 . The registered office is Capitol Carpet Company, 14 Park Green, Macclesfield, SK11 7NA.

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from 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	20% per annum of cost
Motor Vehicles	20% per annum of cost
Fixtures & Fittings	20% per annum of cost
Computer Equipment	20% per annum of cost

Page 3

Page 4

Harry Nicholas Bailey Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	3	3

	3	3

Page 4

Page 5

Harry Nicholas Bailey Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	1,560

As at 31 March 2026	1,560

Amortisation
As at 1 April 2025	1,559

As at 31 March 2026	1,559

Net Book Value
As at 31 March 2026	1

As at 1 April 2025	1

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	3,401	56,991	5,585	11,974	77,951
Additions	-	23,269	-	-	23,269
Disposals	-	(35,205 )	-	-	(35,205 )

As at 31 March 2026	3,401	45,055	5,585	11,974	66,015

Depreciation
As at 1 April 2025	3,400	52,632	5,584	10,829	72,445
Provided during the period	-	5,055	-	285	5,340
Disposals	-	(35,204 )	-	-	(35,204 )

As at 31 March 2026	3,400	22,483	5,584	11,114	42,581

Net Book Value
As at 31 March 2026	1	22,572	1	860	23,434

As at 1 April 2025	1	4,359	1	1,145	5,506

6. Stocks

	2026	2025
	£	£
Stock	7,500	7,500

Page 5

Page 6

Harry Nicholas Bailey Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	16,360	18,647
Other debtors	808	-

	17,168	18,647

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	9,929	9,816
Bank loans and overdrafts	10,536	19,008
Corporation tax	5,660	4,144
Other taxes and social security	1,742	1,417
VAT	11,130	10,011
Other creditors	899	899
Accruals and deferred income	1,400	1,365
Director's loan account	33,501	33,691

	74,797	80,351

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	22,844	-

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	22,844	-

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

12. Directors Advances, Credits and Guarantees

Dividends paid to directors

Page 6

Page 7

Harry Nicholas Bailey Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

13. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	21,026	21,612

Page 7