Bayrose Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04531389 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Bayrose Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss S Goodbrand

Ms D Stickley

SECRETARY:

Lansdowne Secretaries Limited

REGISTERED OFFICE:

Ency Associates, Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

REGISTERED NUMBER:

04531389 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

18,925

21,857

18,925

21,857

CURRENT ASSETS

Debtors

6

110,372

100,129

Cash at bank and in hand

792

1,002

111,164

101,131

CREDITORS

Amounts falling due within one year

7

73,784

81,890

NET CURRENT ASSETS

37,380

19,241

TOTAL ASSETS LESS CURRENT LIABILITIES

56,305

41,098

CREDITORS

Amounts falling due after more than one year

8

(8,884

)

(10,573

)

PROVISIONS FOR LIABILITIES

-

(76

)

NET ASSETS

47,421

30,449

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

47,420

30,448

SHAREHOLDERS' FUNDS

47,421

30,449

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 December 2018 and were signed on its behalf by:

Miss S Goodbrand - Director

1.	STATUTORY INFORMATION

Bayrose 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

straight line

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2017 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

50,000

AMORTISATION

At 1 April 2017

and 31 March 2018

50,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Motor

Computer

& fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2017

18,175

25,376

4,228

47,779

Additions

2,242

-

250

2,492

At 31 March 2018

20,417

25,376

4,478

50,271

DEPRECIATION

At 1 April 2017

10,941

11,102

3,879

25,922

Charge for year

1,422

3,569

433

5,424

At 31 March 2018

12,363

14,671

4,312

31,346

NET BOOK VALUE

At 31 March 2018

8,054

10,705

166

18,925

At 31 March 2017

7,234

14,274

349

21,857

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2017

and 31 March 2018

25,376

DEPRECIATION

At 1 April 2017

11,102

Charge for year

3,569

At 31 March 2018

14,671

NET BOOK VALUE

At 31 March 2018

10,705

At 31 March 2017

14,274

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

27,611

17,993

Other debtors

82,761

82,136

110,372

100,129

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

22,175

33,324

Hire purchase contracts (see note 9)

1,689

1,689

Trade creditors

3,326

2,142

Taxation and social security

40,009

39,508

Other creditors

6,585

5,227

73,784

81,890

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts (see note 9)

8,884

10,573

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.3.18

31.3.17

£

£

Net obligations repayable:

Within one year

1,689

1,689

Between one and five years

8,884

10,573

10,573

12,262

Non-cancellable

operating leases

31.3.18

31.3.17

£

£

Within one year

28,926

36,356

Between one and five years

1,446

12,001

30,372

48,357

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Bank overdrafts

22,175

23,354

Bank loans

-

9,970

22,175

33,324

A debenture in favour of HSBC Bank Plc created on 20 January 2003 to the extent of all monies due

or to become due from the company to the chargee on any account whatsoever.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss S Goodbrand.