Bailey Wilson Ltd - Limited company - abbreviated - 11.6

Bailey Wilson Ltd - Limited company - abbreviated - 11.6

BAILEY WILSON LIMITED - Company Information

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REGISTERED NUMBER: 07643360 (England and Wales)














Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Bailey Wilson Ltd

Bailey Wilson Ltd (Registered number: 07643360)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Bailey Wilson Ltd (Registered number: 07643360)

Abbreviated Balance Sheet
31 March 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 61,667 71,667
Tangible assets 3 435 631
62,102 72,298

CURRENT ASSETS
Debtors 22,391 42,463
Cash at bank and in hand 132,308 85,660
154,699 128,123
CREDITORS
Amounts falling due within one year 46,698 77,707
NET CURRENT ASSETS 108,001 50,416
TOTAL ASSETS LESS CURRENT LIABILITIES 170,103 122,714

PROVISIONS FOR LIABILITIES 87 126
NET ASSETS 170,016 122,588

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 170,015 122,587
SHAREHOLDERS' FUNDS 170,016 122,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 1 continued...
Bailey Wilson Ltd (Registered number: 07643360)

Abbreviated Balance Sheet - continued
31 March 2015


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 director on 22 December 2015 and were signed by:





Mr D Bailey - Director


The notes form part of these abbreviated accounts

Page 2
Bailey Wilson Ltd (Registered number: 07643360)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore,
turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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

Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 100,000
AMORTISATION
At 1 April 2014 28,333
Amortisation for year 10,000
At 31 March 2015 38,333
NET BOOK VALUE

At 31 March 2015 61,667
At 31 March 2014 71,667

Page 3 continued...
Bailey Wilson Ltd (Registered number: 07643360)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 1,370
DEPRECIATION
At 1 April 2014 739
Charge for year 196
At 31 March 2015 935
NET BOOK VALUE
At 31 March 2015 435
At 31 March 2014 631

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
1 Ordinary £1 1 1

Page 4