Abbreviated Company Accounts - BAILEY INSTRUMENTS LTD

Abbreviated Company Accounts - BAILEY INSTRUMENTS LTD

BAILEY INSTRUMENTS LTD - Company Information

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Registered Number 02332419

BAILEY INSTRUMENTS LTD

Abbreviated Accounts

31 July 2016

BAILEY INSTRUMENTS LTD Registered Number 02332419

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 18,057 8,130
18,057 8,130
Current assets
Stocks 731,446 946,024
Debtors 376,600 457,467
Cash at bank and in hand 526,113 143,320
1,634,159 1,546,811
Creditors: amounts falling due within one year (263,731) (404,540)
Net current assets (liabilities) 1,370,428 1,142,271
Total assets less current liabilities 1,388,485 1,150,401
Creditors: amounts falling due after more than one year (4,251) -
Total net assets (liabilities) 1,384,234 1,150,401
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 1,374,234 1,140,401
Shareholders' funds 1,384,234 1,150,401
  • For the year ending 31 July 2016 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 December 2016

And signed on their behalf by:
S Charlsworth, Director

BAILEY INSTRUMENTS LTD Registered Number 02332419

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 August 2015 95,871
Additions 15,947
Disposals -
Revaluations -
Transfers -
At 31 July 2016 111,818
Depreciation
At 1 August 2015 87,741
Charge for the year 6,020
On disposals -
At 31 July 2016 93,761
Net book values
At 31 July 2016 18,057
At 31 July 2015 8,130