Registered number
13106007
BAJGAI LIMITED
Filleted Accounts
30 November 2022
BAJGAI LIMITED
Registered number: 13106007
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 7,018 9,008
Current assets
Debtors 4 16,060 3,342
Cash at bank and in hand 11,746 7,777
27,806 11,119
Creditors: amounts falling due within one year 5 (26,936) (10,555)
Net current assets 870 564
Net assets 7,888 9,572
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,788 9,472
Shareholders' funds 7,888 9,572
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 members have 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.
Bhim Prasad Bajgai
Director
Approved by the board on 3 November 2023
BAJGAI LIMITED
Notes to the Accounts
for the year ended 30 November 2022
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
FA - Equipment, Fixtures & Fittings over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 6 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2021 9,949
At 30 November 2022 9,949
Depreciation
At 1 December 2021 941
Charge for the year 1,990
At 30 November 2022 2,931
Net book value
At 30 November 2022 7,018
At 30 November 2021 9,008
4 Debtors 2022 2021
£ £
Trade debtors 16,060 3,342
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors - 5,989
Taxation and social security costs 11,620 1,703
Other creditors 15,316 2,863
26,936 10,555
6 Controlling party
The director controls the company.
7 Other information
BAJGAI LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Parkway 5
Parkway Business Centre
300 Princess Road
Manchester
M14 7HR
BAJGAI LIMITED 13106007 false 2021-12-01 2022-11-30 2022-11-30 VT Final Accounts April 2022 Bhim Prasad Bajgai No description of principal activity 13106007 2020-12-31 2021-11-30 13106007 core:WithinOneYear 2021-11-30 13106007 core:ShareCapital 2021-11-30 13106007 core:RetainedEarningsAccumulatedLosses 2021-11-30 13106007 2021-12-01 2022-11-30 13106007 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 13106007 bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-30 13106007 bus:Director40 2021-12-01 2022-11-30 13106007 1 2021-12-01 2022-11-30 13106007 2 2021-12-01 2022-11-30 13106007 core:PlantMachinery 2021-12-01 2022-11-30 13106007 countries:England 2021-12-01 2022-11-30 13106007 bus:FRS102 2021-12-01 2022-11-30 13106007 bus:FullAccounts 2021-12-01 2022-11-30 13106007 2022-11-30 13106007 core:WithinOneYear 2022-11-30 13106007 core:ShareCapital 2022-11-30 13106007 core:RetainedEarningsAccumulatedLosses 2022-11-30 13106007 core:PlantMachinery 2022-11-30 13106007 2021-11-30 13106007 core:PlantMachinery 2021-11-30 iso4217:GBP xbrli:pure