BAYCROFT TRADING LIMITED Filleted accounts for Companies House (small and micro)
BAYCROFT TRADING LIMITED Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04208765
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Abridged Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Debtors |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
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-------- |
-------- |
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Net current assets |
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------- |
------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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------- |
------- |
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Net assets |
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------- |
------- |
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Abridged Statement of Financial Position (continued) |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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------- |
------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
8 December 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
04208765
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Notes to the Abridged Financial Statements |
Year ended 31st May 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and principal place of business is 2 Baycroft, Box, Stroud, Gloucestershire, GL6 9HH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: No cash flow statement has been presented for the company. Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
- |
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Equipment |
- |
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Impairment of fixed assets
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to
2
(2019:2).
5.
Intangible assets
£ |
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Cost |
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At 1st June 2019 and 31st May 2020 |
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------- |
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Amortisation |
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At 1st June 2019 and 31st May 2020 |
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------- |
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Carrying amount |
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At 31st May 2020 |
– |
------- |
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At 31st May 2019 |
– |
------- |
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6.
Tangible assets
£ |
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Cost |
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At 1st June 2019 |
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Additions |
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Disposals |
(
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------- |
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At 31st May 2020 |
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------- |
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Depreciation |
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At 1st June 2019 |
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Charge for the year |
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Disposals |
(
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------- |
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At 31st May 2020 |
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------- |
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Carrying amount |
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At 31st May 2020 |
874 |
------- |
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At 31st May 2019 |
940 |
------- |
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7.
Related party transactions