Bayvest Limited - Accounts to registrar (filleted) - small 17.3
Bayvest Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2017 |
| for |
| BAYVEST LIMITED |
| BAYVEST LIMITED (REGISTERED NUMBER: 06026049) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BAYVEST LIMITED |
| Company Information |
| for the Year Ended 31st March 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Pillar House |
| 113/115 Bath Road |
| Cheltenham |
| Gloucestershire |
| GL53 7LS |
| BAYVEST LIMITED (REGISTERED NUMBER: 06026049) |
| Balance Sheet |
| 31st March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| BAYVEST LIMITED (REGISTERED NUMBER: 06026049) |
| Balance Sheet - continued |
| 31st March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the director on |
| BAYVEST LIMITED (REGISTERED NUMBER: 06026049) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2017 |
| 1. | STATUTORY INFORMATION |
| Bayvest Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 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. |
| Details of adjustments made on transition to FRS 102 are disclosed in the First Year Adoption note. |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis, under the historical cost basis except for |
| the modification to a fair value basis where specified. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Bayvest Limited as an individual company and do not contain |
| consolidated financial information as the parent of a group. The company has taken the option under Section 398 |
| of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Turnover from the sale of goods is recognised when goods are delivered and legal title has passed. |
| Turnover from a contract to provide services is recognised in the period in which the services are provided and in |
| accordance with the stage of completion of the contract at the balance sheet date. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment |
| losses. |
| Cost includes purchase cost and other costs directly attributable to making the asset capable of operating as |
| intended. |
| Taxation |
| The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss, except to the |
| extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the |
| balance sheet date. |
| Current and deferred tax are determined using tax rates and laws that have been enacted or substantively enacted |
| by the balance sheet date. |
| BAYVEST LIMITED (REGISTERED NUMBER: 06026049) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2017 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Provisions |
| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past |
| event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be |
| reliably estimated. |
| Impairment |
| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance |
| sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is |
| estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an |
| impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the |
| impairment loss is a revaluation decrease. |
| Short term debtors and creditors |
| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising |
| from impairment are recognised in profit or loss. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2016 |
| Additions |
| At 31st March 2017 |
| DEPRECIATION |
| At 1st April 2016 |
| Charge for year |
| At 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 2016 |
| BAYVEST LIMITED (REGISTERED NUMBER: 06026049) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2017 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st April 2016 |
| and 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 9. | OTHER FINANCIAL COMMITMENTS |
| As at 31st March 2017 the company had total guarantees, contingencies and commitments of £Nil (2016: £Nil). |
| 10. | FIRST YEAR ADOPTION |
| This year is the first year the company has presented its results under FRS 102. The last financial statements |
| prepared under the previous UK GAAP were for the period ended 31st March 2016. The date of transition to |
| FRS 102 was 1st April 2015. |
| No material adjustments have been noted on transition to FRS 102. |