Baystrait Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03361560 (England and Wales)

Unaudited Financial Statements

for the Period 30 April 2018 to 27 April 2019

for

BAYSTRAIT LTD

TRADING AS

WILL AND ESTATE PLANNING

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R K Bramham

G R Dennis

REGISTERED OFFICE:

Baystrait House

Station Road

Biggleswade

Bedfordshire

SG18 8AL

REGISTERED NUMBER:

03361560 (England and Wales)

ACCOUNTANTS:

Morrell Middleton

3 Cayley Court

Clifton Moor

York

North Yorkshire

YO30 4WH

FIXED ASSETS

Tangible assets

4

3,117

4,890

CURRENT ASSETS

Debtors

5

2,457

-

Cash at bank

1,008

428

3,465

428

CREDITORS

Amounts falling due within one year

6

94,076

85,119

NET CURRENT LIABILITIES

(90,611

)

(84,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(87,494

)

(79,801

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(87,594

)

(79,901

)

SHAREHOLDERS' FUNDS

(87,494

)

(79,801

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 April 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 April 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2020 and were signed on its behalf by:

R K Bramham - Director

1.	STATUTORY INFORMATION

Baystrait Ltd 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.

Land and buildings

-

25% on cost

Plant and machinery etc

-

25% on cost and 20% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 period 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.

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 period was 2 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 30 April 2018

and 27 April 2019

2,800

6,000

8,800

DEPRECIATION

At 30 April 2018

1,400

2,510

3,910

Charge for period

700

1,073

1,773

At 27 April 2019

2,100

3,583

5,683

NET BOOK VALUE

At 27 April 2019

700

2,417

3,117

At 29 April 2018

1,400

3,490

4,890

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

2,457

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

9

-

Trade creditors

4,078

10,331

Taxation and social security

1,931

-

Other creditors

88,058

74,788

94,076

85,119