BAILEY INSTRUMENTS LTD

BAILEY INSTRUMENTS LTD

BAILEY INSTRUMENTS LTD - Company Information

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BAILEY INSTRUMENTS LTD

Company Registration Number:
02332419 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2018

Period of accounts

Start date: 01 August 2017

End date: 31 July 2018

BAILEY INSTRUMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2018

Balance sheet
Notes

BAILEY INSTRUMENTS LTD

Balance sheet

As at 31 July 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 16,799 21,500
Total fixed assets: 16,799 21,500
Current assets
Stocks: 586,923 671,605
Debtors:   324,746 239,465
Cash at bank and in hand: 417,170 650,112
Total current assets: 1,328,839 1,561,182
Creditors: amounts falling due within one year:   (106,209) (191,939)
Net current assets (liabilities): 1,222,630 1,369,243
Total assets less current liabilities: 1,239,429 1,390,743
Total net assets (liabilities): 1,239,429 1,390,743
Capital and reserves
Called up share capital: 11,174 11,761
Share premium account: 25,828 38,742
Profit and loss account: 1,202,427 1,340,240
Shareholders funds: 1,239,429 1,390,743

The notes form part of these financial statements

BAILEY INSTRUMENTS LTD

Balance sheet statements

For the year ending 31 July 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 February 2019
and signed on behalf of the board by:

Name: T Bailey
Status: Director

The notes form part of these financial statements

BAILEY INSTRUMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BAILEY INSTRUMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

2. Tangible Assets

Total
Cost £
At 01 August 2017 124,005
Additions 898
At 31 July 2018 124,903
Depreciation
At 01 August 2017 102,505
Charge for year 5,599
At 31 July 2018 108,104
Net book value
At 31 July 2018 16,799
At 31 July 2017 21,500