REGISTERED NUMBER: 04673874 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

BAY JOINERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Clark

Mrs N J Clark

REGISTERED OFFICE:

3A Britland Estate

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

REGISTERED NUMBER:

04673874 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

69,219

66,988

69,219

66,988

CURRENT ASSETS

Stocks

6,500

6,500

Debtors

6

120,894

36,158

Cash at bank

73,112

105,876

200,506

148,534

CREDITORS

Amounts falling due within one year

7

90,175

59,022

NET CURRENT ASSETS

110,331

89,512

TOTAL ASSETS LESS CURRENT LIABILITIES

179,550

156,500

CREDITORS

Amounts falling due after more than one year

8

-

(2,651

)

PROVISIONS FOR LIABILITIES

(13,152

)

(12,728

)

NET ASSETS

166,398

141,121

CAPITAL AND RESERVES

Called up share capital

9

1,050

1,050

Retained earnings

165,348

140,071

SHAREHOLDERS' FUNDS

166,398

141,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 October 2026 and were signed on its behalf by:

T J Clark - Director

1.	STATUTORY INFORMATION

Bay Joinery 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Goodwill has been fully amortised in these financial statements.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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

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 9 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

10,000

AMORTISATION

At 1 April 2025

and 31 March 2026

10,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2025

5,411

138,403

1,458

Additions

-

10,747

1,398

At 31 March 2026

5,411

149,150

2,856

DEPRECIATION

At 1 April 2025

5,411

112,241

312

Charge for year

-

4,152

286

At 31 March 2026

5,411

116,393

598

NET BOOK VALUE

At 31 March 2026

-

32,757

2,258

At 31 March 2025

-

26,162

1,146

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

79,857

10,746

235,875

Additions

-

2,418

14,563

At 31 March 2026

79,857

13,164

250,438

DEPRECIATION

At 1 April 2025

47,351

3,572

168,887

Charge for year

6,095

1,799

12,332

At 31 March 2026

53,446

5,371

181,219

NET BOOK VALUE

At 31 March 2026

26,411

7,793

69,219

At 31 March 2025

32,506

7,174

66,988

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

108,133

23,371

Prepayments

12,761

12,787

120,894

36,158

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

2,651

10,440

Trade creditors

20,772

26,142

Tax

33,109

7,118

Social security and other taxes

4,261

-

VAT

27,235

12,408

Directors' current accounts

47

34

Accrued expenses

2,100

2,880

90,175

59,022

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

2,651

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

1,000

A ordinary

£1

1,000

1,000

50

B ordinary

£1

50

50

1,050

1,050