Abbreviated Company Accounts - BAILEY INSTRUMENTS LTD

BAILEY INSTRUMENTS LTD - Company Information

02332419 BAILEY INSTRUMENTS LTD 2014-07-31 false 2013-08-01 2014-07-31 true 02332419 2013-08-01 2014-07-31 02332419 2014-07-31 02332419 2013-07-31 02332419 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 02332419 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 02332419

BAILEY INSTRUMENTS LTD

Abbreviated Accounts

31 July 2014

BAILEY INSTRUMENTS LTD Registered Number 02332419

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	6,566	284,385
		6,566	284,385
Current assets
Stocks		447,333	365,214
Debtors		298,548	226,018
Cash at bank and in hand		554,558	146,549
		1,300,439	737,781
Creditors: amounts falling due within one year		(419,923)	(217,216)
Net current assets (liabilities)		880,516	520,565
Total assets less current liabilities		887,082	804,950
Total net assets (liabilities)		887,082	804,950
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		877,082	794,950
Shareholders' funds		887,082	804,950

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 October 2014

And signed on their behalf by:
S Charlsworth, Director

BAILEY INSTRUMENTS LTD Registered Number 02332419

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Invoiced in year

Tangible assets depreciation policy
25% Reducing

2Tangible fixed assets

	£
Cost
At 1 August 2013	372,565
Additions	1,349
Disposals	(283,331)
Revaluations	-
Transfers	-
At 31 July 2014	90,583
Depreciation
At 1 August 2013	88,180
Charge for the year	2,740
On disposals	(6,903)
At 31 July 2014	84,017
Net book values
At 31 July 2014	6,566
At 31 July 2013	284,385

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10,000 Ordinary shares of £1 each	10,000	10,000