Abbreviated Company Accounts - A. BAILY AND COMPANY LIMITED

00104637 A. BAILY AND COMPANY LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 00104637 2015-07-01 2016-06-30 00104637 2016-06-30 00104637 2015-06-30 00104637 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 00104637 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 00104637

A. BAILY AND COMPANY LIMITED

Abbreviated Accounts

30 June 2016

A. BAILY AND COMPANY LIMITED Registered Number 00104637

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Current assets
Debtors		95,000	95,000
		95,000	95,000
Creditors: amounts falling due within one year		(25,000)	(25,000)
Net current assets (liabilities)		70,000	70,000
Total assets less current liabilities		70,000	70,000
Total net assets (liabilities)		70,000	70,000
Capital and reserves
Called up share capital	2	70,000	70,000
Shareholders' funds		70,000	70,000

For the year ending 30 June 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 5 December 2016

And signed on their behalf by:
ANTHONY STALBOW, Director

A. BAILY AND COMPANY LIMITED Registered Number 00104637

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

ULTIMATE PARENT COMPANY

The ultimate parent company is Morlands Holdings Limited, a company incorporated in England.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
70,000 Ordinary shares of £1 each	70,000	70,000