Registered number
06090476
Ba Shan Limited
Unaudited Filleted Accounts
28 February 2023
Ba Shan Limited
Registered number: 06090476
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 84,134 81,037
Current assets
Stocks 6,500 4,689
Debtors 4 807,231 841,308
Cash at bank and in hand 66,184 152,368
879,915 998,365
Creditors: amounts falling due within one year 5 (489,057) (725,136)
Net current assets 390,858 273,229
Total assets less current liabilities 474,992 354,266
Creditors: amounts falling due after more than one year 6 (274,480) (299,670)
Net assets 200,512 54,596
Capital and reserves
Called up share capital 1 1
Profit and loss account 200,511 54,595
Shareholders' funds 200,512 54,596
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 her 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.
Miss B F Tan
Director
Approved by the board on 28 November 2023
Ba Shan Limited
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 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:
Property improvements 10% straight line
Plant and machinery over 5 years
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. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 23 16
3 Tangible fixed assets
Shop improvements Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 359,097 178,617 537,714
Additions 12,071 220 12,291
At 28 February 2023 371,168 178,837 550,005
Depreciation
At 1 March 2022 302,155 154,522 456,677
Charge for the year 2,312 6,882 9,194
At 28 February 2023 304,467 161,404 465,871
Net book value
At 28 February 2023 66,701 17,433 84,134
At 28 February 2022 56,942 24,095 81,037
4 Debtors 2023 2022
£ £
Other debtors 807,231 841,308
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 39,648 79,367
Trade creditors 61,450 9,679
Amounts owed to companies under common control
218,910 218,890
Taxation and social security costs 53,188 96,652
Other creditors 115,861 320,548
489,057 725,136
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 129,508 154,698
Other creditors 144,972 144,972
274,480 299,670
7 Related party transactions
As at 28 February 2023, advances from / (to) companies under the common control of the director, Miss B F Tan were as follow:
Balance as at 1 March 2022 Advance from / (to) Balance as at 28 February 2023
Novaglow Ltd (24,400) (20) (24,420)
J Tan Catering Ltd (194,490) (194,490)
(218,890) (20) (218,910)
8 Controlling party
The company is under the control of the shareholder, Mr W Shao by virtue of his 75% shareholdings in the company.
9 Other information
Ba Shan Limited is a private company limited by shares and incorporated in England. Its registered office is:
114 Hamlet Court Road
Westcliff On Sea
Essex
SS0 7LP
Ba Shan Limited 06090476 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts April 2022 Miss B F Tan No description of principal activity 06090476 2021-03-01 2022-02-28 06090476 core:WithinOneYear 2022-02-28 06090476 core:AfterOneYear 2022-02-28 06090476 core:ShareCapital 2022-02-28 06090476 core:RetainedEarningsAccumulatedLosses 2022-02-28 06090476 2022-03-01 2023-02-28 06090476 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06090476 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 06090476 bus:Director40 2022-03-01 2023-02-28 06090476 1 2022-03-01 2023-02-28 06090476 2 2022-03-01 2023-02-28 06090476 core:LandBuildings 2022-03-01 2023-02-28 06090476 core:PlantMachinery 2022-03-01 2023-02-28 06090476 countries:England 2022-03-01 2023-02-28 06090476 bus:FRS102 2022-03-01 2023-02-28 06090476 bus:FullAccounts 2022-03-01 2023-02-28 06090476 2023-02-28 06090476 core:WithinOneYear 2023-02-28 06090476 core:AfterOneYear 2023-02-28 06090476 core:ShareCapital 2023-02-28 06090476 core:RetainedEarningsAccumulatedLosses 2023-02-28 06090476 core:LandBuildings 2023-02-28 06090476 core:PlantMachinery 2023-02-28 06090476 2022-02-28 06090476 core:LandBuildings 2022-02-28 06090476 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure