Baycrown Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02363373 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

Baycrown Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Cross-Rudkin

N R Smith

SECRETARY:

Mrs J Cross-Rudkin

REGISTERED OFFICE:

Bridge Works

Tarvin Road

Chester

Cheshire

CH3 5NA

REGISTERED NUMBER:

02363373 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

24,856

37,329

CURRENT ASSETS

Stocks

262,645

238,381

Debtors

5

84,035

85,760

Cash at bank and in hand

560,166

438,633

906,846

762,774

CREDITORS

Amounts falling due within one year

6

604,005

464,312

NET CURRENT ASSETS

302,841

298,462

TOTAL ASSETS LESS CURRENT LIABILITIES

327,697

335,791

CREDITORS

Amounts falling due after more than one year

7

(35,650

)

(50,000

)

PROVISIONS FOR LIABILITIES

(4,388

)

(6,420

)

NET ASSETS

287,659

279,371

CAPITAL AND RESERVES

Called up share capital

8

6,050

6,050

Capital redemption reserve

3,950

3,950

Retained earnings

277,659

269,371

SHAREHOLDERS' FUNDS

287,659

279,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 5 April 2022 and were signed on its behalf by:

N M Cross-Rudkin - Director

1.	STATUTORY INFORMATION

Baycrown 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.

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 represents the value of goods sold during the period, net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

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

-

over the term of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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 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 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 13 (2020 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2021

and 31 December 2021

69,353

9,450

247,361

DEPRECIATION

At 1 January 2021

68,452

7,945

243,188

Charge for year

733

1,290

854

At 31 December 2021

69,185

9,235

244,042

NET BOOK VALUE

At 31 December 2021

168

215

3,319

At 31 December 2020

901

1,505

4,173

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2021

and 31 December 2021

52,118

9,645

387,927

DEPRECIATION

At 1 January 2021

22,004

9,009

350,598

Charge for year

9,281

315

12,473

At 31 December 2021

31,285

9,324

363,071

NET BOOK VALUE

At 31 December 2021

20,833

321

24,856

At 31 December 2020

30,114

636

37,329

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

6,970

10,977

Loans to other debtors

1,515

-

Prepayments

75,550

74,783

84,035

85,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

9,626

-

Trade creditors

82,499

76,744

Tax

74,806

44,458

Social security and other taxes

10,309

9,612

Pensions

-

1,415

VAT

39,590

67,594

Other creditors

204,800

137,467

Directors' current accounts

115,200

79,200

Deferred income

64,126

45,238

Accrued expenses

3,049

2,584

604,005

464,312

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans - 1-2 years

35,650

50,000

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

6,050

Ordinary

£1

6,050

6,050

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £424,403 (2020 - £631,485).