Bailey Wilson Limited - Accounts to registrar (filleted) - small 18.2
Bailey Wilson Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 March 2018 |
| for |
| Bailey Wilson Limited |
| Bailey Wilson Limited (Registered number: 07643360) |
| Contents of the Financial Statements |
| for the Year Ended 29 March 2018 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Bailey Wilson Limited (Registered number: 07643360) |
| Balance Sheet |
| 29 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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. |
| Bailey Wilson Limited (Registered number: 07643360) |
| Balance Sheet - continued |
| 29 March 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| Bailey Wilson Limited (Registered number: 07643360) |
| Notes to the Financial Statements |
| for the Year Ended 29 March 2018 |
| 1. | STATUTORY INFORMATION |
| Bailey Wilson Limited is a |
| registered number and registered office address are as below: |
| Registered number: | 07643360 |
| Registered office: | Ebenezer House |
| Ryecroft |
| Newcastle |
| Staffordshire |
| ST5 2BE |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 the business in 2011, has now been fully |
| amortised. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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. |
| Bailey Wilson Limited (Registered number: 07643360) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 March 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - 3 ). |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 30 March 2017 |
| and 29 March 2018 |
| AMORTISATION |
| At 30 March 2017 |
| Amortisation for year |
| At 29 March 2018 |
| NET BOOK VALUE |
| At 29 March 2018 |
| At 29 March 2017 |
| Bailey Wilson Limited (Registered number: 07643360) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 March 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 30 March 2017 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 29 March 2018 |
| DEPRECIATION |
| At 30 March 2017 |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 29 March 2018 |
| NET BOOK VALUE |
| At 29 March 2018 |
| At 29 March 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |