Bailey Management Services Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01917327 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

BAILEY MANAGEMENT SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R M Bailey FCA

Mrs R J Bailey

SECRETARY:

R M Bailey FCA

REGISTERED OFFICE:

177 Newton Road

Great Barr

Birmingham

West Midlands

B43 6HN

REGISTERED NUMBER:

01917327 (England and Wales)

ACCOUNTANTS:

Cairns Bailey & Co

5 Beacon Court

Birmingham Road

Great Barr

Birmingham

West Midlands

B43 6NN

FIXED ASSETS

Tangible assets

2

4,590

19,601

CURRENT ASSETS

Debtors

90,708

130,958

Cash at bank

15,395

15,337

106,103

146,295

CREDITORS

Amounts falling due within one year

6,304

8,409

NET CURRENT ASSETS

99,799

137,886

TOTAL ASSETS LESS CURRENT LIABILITIES

104,389

157,487

CREDITORS

Amounts falling due after more than one year

-

45,000

NET ASSETS

104,389

112,487

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

104,289

112,387

SHAREHOLDERS' FUNDS

104,389

112,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 October 2015 and were signed on its behalf by:

Mrs R J Bailey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

43,342

Disposals

(30,320

)

At 30 June 2015

13,022

DEPRECIATION

At 1 July 2014

23,741

Charge for year

509

Eliminated on disposal

(15,818

)

At 30 June 2015

8,432

NET BOOK VALUE

At 30 June 2015

4,590

At 30 June 2014

19,601

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs R J Bailey.