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REGISTERED NUMBER: 10772972 (England and Wales)















Financial Statements for the Period 1 June 2022 to 30 June 2023

for

Baran Baris Limited

Baran Baris Limited (Registered number: 10772972)






Contents of the Financial Statements
for the Period 1 June 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baran Baris Limited

Company Information
for the Period 1 June 2022 to 30 June 2023







DIRECTOR: M Yapici





REGISTERED OFFICE: Flat A
688 High Road
London
N17 0AE





REGISTERED NUMBER: 10772972 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FCPA, FFTA
536 Lordship Lane
London
N22 5BY

Baran Baris Limited (Registered number: 10772972)

Balance Sheet
30 June 2023

30.6.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,300 16,400

CURRENT ASSETS
Stocks 5 41,960 28,710
Cash at bank and in hand 529 1,875
42,489 30,585
CREDITORS
Amounts falling due within one year 6 33,690 19,828
NET CURRENT ASSETS 8,799 10,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,099

27,157

CREDITORS
Amounts falling due after more than one
year

7

12,500

16,742
NET ASSETS 8,599 10,415

CAPITAL AND RESERVES
Called up share capital 8 25,000 25,000
Retained earnings (16,401 ) (14,585 )
SHAREHOLDERS' FUNDS 8,599 10,415

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Baran Baris Limited (Registered number: 10772972)

Balance Sheet - continued
30 June 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 14 February 2024 and were signed by:





M Yapici - Director


Baran Baris Limited (Registered number: 10772972)

Notes to the Financial Statements
for the Period 1 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

Baran Baris 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.

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 period 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 period 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.

Baran Baris Limited (Registered number: 10772972)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023

2. ACCOUNTING POLICIES - continued

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 period was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022
and 30 June 2023 20,500
DEPRECIATION
At 1 June 2022 4,100
Charge for period 4,100
At 30 June 2023 8,200
NET BOOK VALUE
At 30 June 2023 12,300
At 31 May 2022 16,400

5. STOCKS
30.6.23 31.5.22
£    £   
Stocks 41,960 28,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.5.22
£    £   
Trade creditors 24,153 19,828
VAT 709 -
Other creditors 8,828 -
33,690 19,828

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 31.5.22
£    £   
Bank loans more 5 yr by instal 12,500 16,742

Baran Baris Limited (Registered number: 10772972)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 31.5.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,500 16,742

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 31.5.22
value: £    £   
1,000 Ordinary shares class A 1.00 25,000 25,000