BAILEY INSTRUMENTS LTD

BAILEY INSTRUMENTS LTD

BAILEY INSTRUMENTS LTD - Company Information

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BAILEY INSTRUMENTS LTD

Company Registration Number:
02332419 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2019

Period of accounts

Start date: 01 August 2018

End date: 31 July 2019

BAILEY INSTRUMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2019

Balance sheet
Notes

BAILEY INSTRUMENTS LTD

Balance sheet

As at 31 July 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 19,788 16,799
Total fixed assets: 19,788 16,799
Current assets
Stocks: 1,039,134 586,923
Debtors:   406,500 324,746
Cash at bank and in hand: 258,013 417,170
Total current assets: 1,703,647 1,328,839
Net current assets (liabilities): 1,703,647 1,328,839
Total assets less current liabilities: 1,723,435 1,345,638
Creditors: amounts falling due after more than one year:   (520,124) (106,209)
Total net assets (liabilities): 1,203,311 1,239,429
Capital and reserves
Called up share capital: 11,174 11,174
Share premium account: 25,828 25,828
Profit and loss account: 1,166,309 1,202,427
Shareholders funds: 1,203,311 1,239,429

The notes form part of these financial statements

BAILEY INSTRUMENTS LTD

Balance sheet statements

For the year ending 31 July 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 December 2019
and signed on behalf of the board by:

Name: TM Bailey
Status: Director

The notes form part of these financial statements

BAILEY INSTRUMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BAILEY INSTRUMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2019

2. Tangible Assets

Total
Cost £
At 01 August 2018 124,903
Additions 8,259
At 31 July 2019 133,162
Depreciation
At 01 August 2018 108,104
Charge for year 5,270
At 31 July 2019 113,374
Net book value
At 31 July 2019 19,788
At 31 July 2018 16,799