Registered number
11924755
BABUKO LTD
Filleted Accounts
28 February 2023
BABUKO LTD
Registered number: 11924755
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 20,669
Current assets
Stocks - 2,270
Debtors 4 4,251 -
Cash at bank and in hand 101 2,412
4,352 4,682
Creditors: amounts falling due within one year 5 (5,918) (16,226)
Net current liabilities (1,566) (11,544)
Total assets less current liabilities (1,566) 9,125
Creditors: amounts falling due after more than one year 6 (37,093) (62,629)
Net liabilities (38,659) (53,504)
Capital and reserves
Called up share capital 100 100
Profit and loss account (38,759) (53,604)
Shareholder's funds (38,659) (53,504)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Baris Yucel TURAN
Director
Approved by the board on 16 October 2023
BABUKO LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, @ 18% per annum (reducing balance method).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 March 2022 28,228
Disposals (28,228)
At 28 February 2023 -
Depreciation
At 1 March 2022 7,559
On disposals (7,559)
At 28 February 2023 -
Net book value
At 28 February 2023 -
At 28 February 2022 20,669
4 Debtors 2023 2022
£ £
Prepayments & other debtors 4,251 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans & overdraft 5,918 5,882
Trade creditors - 9,267
Other taxes and social security costs - 1,077
5,918 16,226
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 37,093 37,929
Other creditors - 24,700
37,093 62,629
7 Other information
BABUKO LTD is a private company limited by shares and incorporated in England. Its registered office is:
83 Tower Bridge Road
London
SE1 4TW
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