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REGISTERED NUMBER: 06192706















Unaudited Financial Statements for the Year Ended 30 April 2023

for

R Babbar Limited

R Babbar Limited (Registered number: 06192706)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R Babbar Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Dr R Babbar





SECRETARY: Ms S Babbar





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 06192706





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

R Babbar Limited (Registered number: 06192706)

Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 482,273 551,169
Tangible assets 5 15,152 18,638
497,425 569,807

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 2,533,748 2,533,748
Cash at bank and in hand 1,056,355 610,051
3,593,103 3,146,799
CREDITORS
Amounts falling due within one year 7 189,102 185,836
NET CURRENT ASSETS 3,404,001 2,960,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,901,426

3,530,770

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 3,901,326 3,530,670
3,901,426 3,530,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R Babbar Limited (Registered number: 06192706)

Balance Sheet - continued
30 April 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





Dr R Babbar - Director


R Babbar Limited (Registered number: 06192706)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

R Babbar Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

R Babbar Limited (Registered number: 06192706)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 1,377,923
AMORTISATION
At 1 May 2022 826,754
Charge for year 68,896
At 30 April 2023 895,650
NET BOOK VALUE
At 30 April 2023 482,273
At 30 April 2022 551,169

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 115,764
DEPRECIATION
At 1 May 2022 97,126
Charge for year 3,486
At 30 April 2023 100,612
NET BOOK VALUE
At 30 April 2023 15,152
At 30 April 2022 18,638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Other debtors 2,533,748 2,533,748

R Babbar Limited (Registered number: 06192706)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade creditors 51,052 48,815
Taxation and social security 118,968 118,287
Other creditors 19,082 18,734
189,102 185,836

8. RESERVES
Retained
earnings
£   

At 1 May 2022 3,530,670
Profit for the year 370,656
At 30 April 2023 3,901,326

9. RELATED PARTY DISCLOSURES

Included in other debtors as at 30 April 2023 was a loan to 25 RB Limited, a company of which R Babbar is a director & shareholder of £2,533,648 (2022 - £2,530,648).