Bayley-Edge Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01485428 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Bayley-Edge Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

J R Basiurski

Ms B M Basiurska

SECRETARY:

J R Basiurski

REGISTERED OFFICE:

3 Craven Court

Craven Road

Altrincham

Cheshire

WA14 5DY

REGISTERED NUMBER:

01485428 (England and Wales)

ACCOUNTANTS:

Raise

Chartered Accountants

Trimble House

9 Bold Street

Warrington

Cheshire

WA1 1DN

FIXED ASSETS

Tangible assets

4

128,768

347,494

CURRENT ASSETS

Stocks

11,969

12,267

Debtors

5

366,962

351,803

Investments

6

8

8

Cash at bank and in hand

106,420

3,705

485,359

367,783

CREDITORS

Amounts falling due within one year

7

69,314

143,675

NET CURRENT ASSETS

416,045

224,108

TOTAL ASSETS LESS CURRENT LIABILITIES

544,813

571,602

CREDITORS

Amounts falling due after more than one year

8

-

79,089

NET ASSETS

544,813

492,513

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

544,713

492,413

SHAREHOLDERS' FUNDS

544,813

492,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 November 2017 and were signed on its behalf by:

J R Basiurski - Director

Ms B M Basiurska - Director

1.	STATUTORY INFORMATION

Bayley-Edge 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Freehold Property - not provided

Long Leasehold Property - not provided

Fixtures and Fittings - 10% on cost

Computer equipment - 33.3% 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 Income Statement, 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.

Foreign currencies

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

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.

Current asset investments

Current asset investments are valued at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

Computer

Property

Leasehold

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

216,576

128,766

95,905

3,390

444,637

Disposals

(216,576

)

-

(61,080

)

-

(277,656

)

At 31 March 2017

-

128,766

34,825

3,390

166,981

DEPRECIATION

At 1 April 2016

-

-

94,104

3,039

97,143

Charge for year

-

-

77

350

427

Eliminated on disposal

-

-

(59,357

)

-

(59,357

)

At 31 March 2017

-

-

34,824

3,389

38,213

NET BOOK VALUE

At 31 March 2017

-

128,766

1

1

128,768

At 31 March 2016

216,576

128,766

1,801

351

347,494

5.

DEBTORS

31.3.17

31.3.16

£

£

Amounts falling due within one year:

Trade debtors

78,830

41,778

Other debtors

4,523

1,867

83,353

43,645

Amounts falling due after more than one year:

Other debtors

283,609

308,158

Aggregate amounts

366,962

351,803

6.	CURRENT ASSET INVESTMENTS

The company owns 12.5% of the Ordinary Share Capital of BCBP Limited. Mr Basiurski is a director of BCBP Limited.

During the year the company invoiced BCBP Limited £3,537 (2016 : £3,481) for management fees and administration costs.

Bayley-Edge Limited rents a room from BCBP Limited. This room is used as a storeroom and laboratory. The following

charges were invoiced from BCBP Limited to the company.

Ground rent and other rent on its office premises, held on a 999 year lease from BCBP Limited, amounting to £240 (2016 :

£240).

Insurance costs of £147 (2016: £147) were also recharged to the company.

Service charges relating to the maintenance of the estate where the company's premises are located, amounting to £247 (2016

: £247).

There were no balances outstanding as at 31 March 2017 (2016 : £nil).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

6,607

72,346

Trade creditors

27,180

36,569

Tax

10,103

3,044

Social security and other taxes

1,274

1,316

Directors' current accounts

22,800

28,800

Accrued expenses

1,350

1,600

69,314

143,675

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Directors' loan accounts

-

79,089

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank overdrafts

6,607

72,346

The bank overdraft from National Westminster Bank PLC was secured by a first legal charge dated 5 August 2014 on the

Freehold Property at 236-240 Manchester Road, Warrington, Cheshire.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2016

492,413

Profit for the year

75,100

Dividends

(22,800

)

At 31 March 2017

544,713

12.	TRANSACTIONS WITH DIRECTORS

As at 31 March 2017, the company owed Mr J R Basiurski £Nil (2016 : £72,600). This loan is interest free. Included in this

balance is an amount of £Nil (2016 : £58,200) which is repayable after twelve months.

As at 31 March 2017, the company owed Ms B M Basiurska £Nil (2016 : £35,289). This loan is interest free. Included in

this balance is an amount of £Nil (2016 : £20,889) which is repayable after twelve months.

13.	RELATED PARTY DISCLOSURES

Bayley-Edge Limited and Adventure Centre Limited have common directors and ownership. The transactions between the

two companies are done on an arms length basis and for good business reasons as viewed by both parties. During the year

the company received rental income of £(14,903) (2016 : £4,830) from Adventure Centre Limited for use of the shop in

Warrington. During the year the company continued it's "Cumulus" business with marketing and distribution from

Warrington by Adventure Centre Limited staff. Adventure Centre Limited recharged its costs of this to the company,

amounting to £9,803 (2016 : £5,150). Included within trade debtors is £nil (2016 : £nil) owing from Adventure Centre

Limited. In addition, Bayley-Edge Limited is owed a further £283,609 (2016 : £308,158) by Adventure Centre Limited.

14.	ULTIMATE CONTROLLING PARTY

Mr J Basiurski and Ms B Basiurski are considered to be the ultimate controlling party by virtue of their shareholding.

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors

are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Bayley-Edge Limited for the year ended 31 March 2017 which comprise the Income Statement, Balance Sheet and the

related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bayley-Edge Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bayley-Edge Limited and state those matters that we have agreed to state to the Board of Directors of Bayley-Edge Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bayley-Edge Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bayley-Edge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bayley-Edge Limited. You consider that Bayley-Edge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bayley-Edge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Raise

Chartered Accountants

Trimble House

9 Bold Street

Warrington

Cheshire

WA1 1DN

23 November 2017