Bailey Wilson Ltd - Limited company - abbreviated - 11.0.0

Bailey Wilson Ltd - Limited company - abbreviated - 11.0.0

BAILEY WILSON LIMITED - Company Information

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REGISTERED NUMBER: 07643360 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Bailey Wilson Ltd

Bailey Wilson Ltd (Registered number: 07643360)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Bailey Wilson Ltd (Registered number: 07643360)

Abbreviated Balance Sheet
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 71,667 81,667
Tangible assets 3 631 841
72,298 82,508

CURRENT ASSETS
Debtors 42,463 64,286
Cash at bank and in hand 85,660 62,404
128,123 126,690
CREDITORS
Amounts falling due within one year 77,707 126,398
NET CURRENT ASSETS 50,416 292
TOTAL ASSETS LESS CURRENT
LIABILITIES
122,714
82,800

PROVISIONS FOR LIABILITIES 126 168
NET ASSETS 122,588 82,632

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 122,587 82,631
SHAREHOLDERS' FUNDS 122,588 82,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 2014


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 2014 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 2014

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 2013
and 31 March 2014 100,000
AMORTISATION
At 1 April 2013 18,333
Amortisation for year 10,000
At 31 March 2014 28,333
NET BOOK VALUE

At 31 March 2014 71,667
At 31 March 2013 81,667

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

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 1,294
Additions 76
At 31 March 2014 1,370
DEPRECIATION
At 1 April 2013 453
Charge for year 286
At 31 March 2014 739
NET BOOK VALUE
At 31 March 2014 631
At 31 March 2013 841

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
1 Ordinary £1 1 1

Page 4