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 2022

Period of accounts

Start date: 01 August 2021

End date: 31 July 2022

BAILEY INSTRUMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2022

Balance sheet
Notes

BAILEY INSTRUMENTS LTD

Balance sheet

As at 31 July 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 10,731 14,193
Total fixed assets: 10,731 14,193
Current assets
Stocks: 958,640 837,619
Debtors:   818,284 369,311
Cash at bank and in hand: 253,910 631,223
Total current assets: 2,030,834 1,838,153
Creditors: amounts falling due within one year:   (533,687) (366,174)
Net current assets (liabilities): 1,497,147 1,471,979
Total assets less current liabilities: 1,507,878 1,486,172
Creditors: amounts falling due after more than one year:   (163,333) (200,000)
Total net assets (liabilities): 1,344,545 1,286,172
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 1,334,545 1,276,172
Shareholders funds: 1,344,545 1,286,172

The notes form part of these financial statements

BAILEY INSTRUMENTS LTD

Balance sheet statements

For the year ending 31 July 2022 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 26 February 2023
and signed on behalf of the board by:

Name: T 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 2022

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 2022

2. Employees

2022 2021
Average number of employees during the period 15 15

BAILEY INSTRUMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2022

3. Tangible Assets

Total
Cost £
At 01 August 2021 136,072
Additions 116
At 31 July 2022 136,188
Depreciation
At 01 August 2021 121,879
Charge for year 3,578
At 31 July 2022 125,457
Net book value
At 31 July 2022 10,731
At 31 July 2021 14,193