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Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Bamboo Basket Limited

Bamboo Basket Limited (Registered number: 07279226)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bamboo Basket Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms J Li
D W Hayler





REGISTERED OFFICE: 3 Arthur Villas
Windmill Lane
Epsom
Surrey
KT17 3AH





REGISTERED NUMBER: 07279226 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Bamboo Basket Limited (Registered number: 07279226)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 364 1,105

CURRENT ASSETS
Stocks 5 7,438 7,438
Debtors 6 6,338 7,036
Cash at bank and in hand 16,790 30,478
30,566 44,952
CREDITORS
Amounts falling due within one year 7 20,755 21,489
NET CURRENT ASSETS 9,811 23,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,175

24,568

PROVISIONS FOR LIABILITIES 163 163
NET ASSETS 10,012 24,405

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9,912 24,305
SHAREHOLDERS' FUNDS 10,012 24,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





D W Hayler - Director


Bamboo Basket Limited (Registered number: 07279226)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Bamboo Basket 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.

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.

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 - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

Bamboo Basket Limited (Registered number: 07279226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 12,640 5,870 1,417 19,927
Additions - 397 - 397
At 31 March 2023 12,640 6,267 1,417 20,324
DEPRECIATION
At 1 April 2022 12,067 5,338 1,417 18,822
Charge for year 573 565 - 1,138
At 31 March 2023 12,640 5,903 1,417 19,960
NET BOOK VALUE
At 31 March 2023 - 364 - 364
At 31 March 2022 573 532 - 1,105

5. STOCKS
2023 2022
£    £   
Stocks 7,438 7,438

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Rent deposit 6,338 6,338
VAT - 698
6,338 7,036

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,004 2,834
Tax 3,095 9,105
Social security and other taxes 1,676 1,629
VAT 6,580 -
Net wages owed 5,825 5,866
Directors' loan accounts 375 855
Accrued expenses 2,200 1,200
20,755 21,489

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the Board of directors.