Baylor Klein Limited - Accounts to registrar (filleted) - small 18.1

Baylor Klein Limited - Accounts to registrar (filleted) - small 18.1

BAYLOR KLEIN LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.1.2.30 06670548 director 1.1.17 31.12.17 31.12.17 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure066705482016-12-31066705482017-12-31066705482017-01-012017-12-31066705482015-12-31066705482016-01-012016-12-31066705482016-12-3106670548ns15:EnglandWales2017-01-012017-12-3106670548ns14:PoundSterling2017-01-012017-12-3106670548ns10:Director12017-01-012017-12-3106670548ns10:PrivateLimitedCompanyLtd2017-01-012017-12-3106670548ns10:SmallEntities2017-01-012017-12-3106670548ns10:AuditExemptWithAccountantsReport2017-01-012017-12-3106670548ns10:SmallCompaniesRegimeForDirectorsReport2017-01-012017-12-3106670548ns10:SmallCompaniesRegimeForAccounts2017-01-012017-12-3106670548ns10:AbridgedAccounts2017-01-012017-12-3106670548ns10:OrdinaryShareClass32017-01-012017-12-3106670548ns10:OrdinaryShareClass42017-01-012017-12-3106670548ns10:RegisteredOffice2017-01-012017-12-3106670548ns5:CurrentFinancialInstruments2017-12-3106670548ns5:CurrentFinancialInstruments2016-12-3106670548ns5:ShareCapital2017-12-3106670548ns5:ShareCapital2016-12-3106670548ns5:RetainedEarningsAccumulatedLosses2017-12-3106670548ns5:RetainedEarningsAccumulatedLosses2016-12-3106670548ns5:FurnitureFittings2017-01-012017-12-3106670548ns5:ComputerEquipment2017-01-012017-12-3106670548ns5:WithinOneYear2017-12-3106670548ns5:WithinOneYear2016-12-3106670548ns5:BetweenOneFiveYears2017-12-3106670548ns5:BetweenOneFiveYears2016-12-3106670548ns5:AllPeriods2017-12-3106670548ns5:AllPeriods2016-12-3106670548ns10:OrdinaryShareClass32017-12-31


REGISTERED NUMBER: 06670548 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

BAYLOR KLEIN LIMITED
M R Salvage Limited
Chartered Accountants
7/8 Eghams Court
Boston Drive
Bourne End
Buckinghamshire
SL8 5YS








BAYLOR KLEIN LIMITED (REGISTERED NUMBER: 06670548)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

BAYLOR KLEIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTOR: T A B Leach





REGISTERED OFFICE: 4th Floor
5 Conduit Street
Mayfair
London
W1S 2XD





REGISTERED NUMBER: 06670548 (England and Wales)





ACCOUNTANTS: M R Salvage Limited
Chartered Accountants
7/8 Eghams Court
Boston Drive
Bourne End
Buckinghamshire
SL8 5YS
Page 1
BAYLOR KLEIN LIMITED (REGISTERED NUMBER: 06670548)

ABRIDGED BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,047 2,389

CURRENT ASSETS
Debtors 70,495 89,785
Cash at bank 3,730,299 2,474,813
3,800,794 2,564,598
CREDITORS
Amounts falling due within one year 464,283 346,403
NET CURRENT ASSETS 3,336,511 2,218,195
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,343,558
2,220,584

PROVISIONS FOR LIABILITIES 1,339 501
NET ASSETS 3,342,219 2,220,083

CAPITAL AND RESERVES
Called up share capital 6 50,000 50,000
Retained earnings 3,292,219 2,170,083
SHAREHOLDERS' FUNDS 3,342,219 2,220,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements

Page 2 continued...
BAYLOR KLEIN LIMITED (REGISTERED NUMBER: 06670548)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 May 2018 and were signed by:





T A B Leach - Director


The notes form part of these financial statements

Page 3
BAYLOR KLEIN LIMITED (REGISTERED NUMBER: 06670548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Baylor Klein 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 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 50% on cost
Computer equipment - 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

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.

Page 4 continued...
BAYLOR KLEIN LIMITED (REGISTERED NUMBER: 06670548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

2. ACCOUNTING POLICIES - continued

Financial instruments
The company uses certain financial instruments in its normal operating and investing activities, which
are deemed appropriate to its circumstances, such as trade receivables and trade payables, cash at
bank deposits and bank overdrafts, loans and equity shares. Financial assets and liabilities are
recognised on the company's balance sheet at amortised cost when the company has become a party
to the contractual provisions of the instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2017 39,270
Additions 14,092
At 31 December 2017 53,362
DEPRECIATION
At 1 January 2017 36,881
Charge for year 9,434
At 31 December 2017 46,315
NET BOOK VALUE
At 31 December 2017 7,047
At 31 December 2016 2,389

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2017 2016
£    £   
Within one year 25,767 -
Between one and five years - 69,939
25,767 69,939

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
50,000 A Ordinary £1 50,000 40,000
(2016 - 40,000
)
NIL B Ordinary £1 - 10,000
(2016 - 10,000
)
50,000 50,000

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BAYLOR KLEIN LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Director are not required to be filed with the Registrar
of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Baylor Klein Limited for the year ended 31 December 2017 which comprise the
Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Baylor Klein Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Baylor Klein Limited and state those matters that we have agreed to state to the director of Baylor Klein Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baylor Klein Limited and its director for our work or for this report.

It is your duty to ensure that Baylor Klein Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baylor Klein Limited. You consider that Baylor Klein Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Baylor Klein Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M R Salvage Limited
Chartered Accountants
7/8 Eghams Court
Boston Drive
Bourne End
Buckinghamshire
SL8 5YS


30 May 2018

This page does not form part of the statutory financial statements

Page 6