Bay Cottage Industries Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05660694 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Bay Cottage Industries Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Asher

REGISTERED OFFICE:

2 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

REGISTERED NUMBER:

05660694 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Tangible assets

4

115

153

CURRENT ASSETS

Stocks

45

104

Debtors

5

11,149

8,243

Cash at bank

3,714

15,410

14,908

23,757

CREDITORS

Amounts falling due within one year

6

7,690

13,511

NET CURRENT ASSETS

7,218

10,246

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,333

10,399

CAPITAL AND RESERVES

Called up share capital

7

1,000

Retained earnings

6,333

9,399

SHAREHOLDERS' FUNDS

7,333

10,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 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 director on 27 September 2019 and were signed by:

Mr M Asher - Director

1.	STATUTORY INFORMATION

Bay Cottage Industries 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2018

and 31 December 2018

363

DEPRECIATION

At 1 January 2018

210

Charge for year

38

At 31 December 2018

248

NET BOOK VALUE

At 31 December 2018

115

At 31 December 2017

153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Trade debtors

6,557

7,918

Other debtors

4,592

325

11,149

8,243

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Trade creditors

1,158

767

Taxation and social security

5,452

4,641

Other creditors

1,080

8,103

7,690

13,511

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

1,000

Ordinary

£1

1,000

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018 and

31 December 2017:

31.12.18

31.12.17

£

Mr M Asher

Balance outstanding at start of year

-

Amounts advanced

4,252

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,252

-

The overdrawn Director's Loan Account was repaid in full within nine months following the year-end.

Bay Cottage Industries Limited - Accounts to registrar (filleted) - small 18.2

Bay Cottage Industries Limited - Accounts to registrar (filleted) - small 18.2