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COMPANY REGISTRATION NUMBER: 10456836
Bakur Limited
Filleted Unaudited Financial Statements
31 March 2023
Bakur Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Bakur Limited
Balance Sheet
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
95,137
73,939
Current assets
Stocks
224,550
195,000
Debtors
6
20,347
9,545
Cash at bank and in hand
72,075
62,252
---------
---------
316,972
266,797
Creditors: amounts falling due within one year
7
245,744
80,763
---------
---------
Net current assets
71,228
186,034
---------
---------
Total assets less current liabilities
166,365
259,973
Creditors: amounts falling due after more than one year
8
33,186
98,239
Provisions
18,076
14,049
---------
---------
Net assets
115,103
147,685
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
115,003
147,585
---------
---------
Shareholders funds
115,103
147,685
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bakur Limited
Balance Sheet (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 6 November 2023 , and are signed on behalf of the board by:
Mr M Cagin
Director
Company registration number: 10456836
Bakur Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Equipment
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2022: 13 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2022
103,581
25,738
958
130,277
Additions
34,210
8,200
10,500
52,910
---------
--------
--------
---------
At 31 March 2023
137,791
33,938
11,458
183,187
---------
--------
--------
---------
Depreciation
At 1 April 2022
46,746
9,026
566
56,338
Charge for the year
22,761
6,228
2,723
31,712
---------
--------
--------
---------
At 31 March 2023
69,507
15,254
3,289
88,050
---------
--------
--------
---------
Carrying amount
At 31 March 2023
68,284
18,684
8,169
95,137
---------
--------
--------
---------
At 31 March 2022
56,835
16,712
392
73,939
---------
--------
--------
---------
6. Debtors
2023
2022
£
£
Other debtors
20,347
9,545
--------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
233,183
29,636
Corporation tax
665
40,635
Social security and other taxes
490
10,492
Other creditors
11,406
---------
--------
245,744
80,763
---------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
33,186
42,875
Other creditors
55,364
--------
--------
33,186
98,239
--------
--------
9. Directors' advances, credits and guarantees
as at 1 April 2022 Amount advanced Amount repaid as at 31 March 2023
£ £ £ £
Director advances 9,246 118,692 118,307 9,631