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REGISTERED NUMBER: 08406279 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

B.a.g Services (Cheshunt) Limited

B.a.g Services (Cheshunt) Limited (Registered number: 08406279)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5


B.a.g Services (Cheshunt) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: B Murphy
G Lembo





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 08406279 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

B.a.g Services (Cheshunt) Limited (Registered number: 08406279)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,691 5,609
7,691 5,609

CURRENT ASSETS
Debtors 31,953 16,254
Cash at bank 41,865 61,654
73,818 77,908
CREDITORS
Amounts falling due within one year 26,401 28,902
NET CURRENT ASSETS 47,417 49,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,108

54,615

CREDITORS
Amounts falling due after more than one
year

(8,000

)

(8,000

)

PROVISIONS FOR LIABILITIES 6 (1,461 ) (1,065 )
NET ASSETS 45,647 45,550

CAPITAL AND RESERVES
Called up share capital 7 1,200 1,200
Retained earnings 44,447 44,350
SHAREHOLDERS' FUNDS 45,647 45,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

B.a.g Services (Cheshunt) Limited (Registered number: 08406279)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 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.

B.a.g Services (Cheshunt) Limited (Registered number: 08406279)

Abridged Balance Sheet - continued
28 February 2023



The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2023 and were signed on its behalf by:





B Murphy - Director


B.a.g Services (Cheshunt) Limited (Registered number: 08406279)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

B.a.g Services (Cheshunt) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Franchise are being amortised evenly over their estimated useful life of five years.

Franchise
The franchise cost is being amortised over the initial term of five years.

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 - 15% on reducing balance
Computer equipment - 33% on cost

Government grants
Government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of that asset.

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.


B.a.g Services (Cheshunt) Limited (Registered number: 08406279)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 12,000
AMORTISATION
At 1 March 2022
and 28 February 2023 12,000
NET BOOK VALUE

At 28 February 2023 -
At 28 February 2022 -

B.a.g Services (Cheshunt) Limited (Registered number: 08406279)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 18,353
Additions 5,847
Disposals (9,615 )
At 28 February 2023 14,585
DEPRECIATION
At 1 March 2022 12,744
Charge for year 2,362
Eliminated on disposal (8,212 )
At 28 February 2023 6,894
NET BOOK VALUE
At 28 February 2023 7,691
At 28 February 2022 5,609

6. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax
Accelerated capital allowances 1,461 1,065

Deferred
tax
£   
Balance at 1 March 2022 1,065
Provided during year 396
Balance at 28 February 2023 1,461

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
900 ORDINARY £1 900 900
100 "A" £1 100 100
100 "B" £1 100 100
100 "C" £1 100 100
1,200 1,200