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REGISTERED NUMBER: 13538997 (England and Wales)




















Financial Statements

for the Year Ended 31 July 2023

for

BAIANO CO. LTD

BAIANO CO. LTD (REGISTERED NUMBER: 13538997)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAIANO CO. LTD

Company Information
for the Year Ended 31 July 2023







DIRECTOR: V Napolitano





REGISTERED OFFICE: 13 Wensleydale Road
Hampton
Middlesex
TW12 2LP





REGISTERED NUMBER: 13538997 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

BAIANO CO. LTD (REGISTERED NUMBER: 13538997)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,754 -

CURRENT ASSETS
Stocks 2,500 -
Debtors 5 616 -
Cash at bank and in hand 95,067 4
98,183 4
CREDITORS
Amounts falling due within one year 6 (75,513 ) -
NET CURRENT ASSETS 22,670 4
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,424

4

CREDITORS
Amounts falling due after more than one
year

7

(1,900

)

-
NET ASSETS 57,524 4

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 57,520 -
57,524 4

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

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

BAIANO CO. LTD (REGISTERED NUMBER: 13538997)

Balance Sheet - continued
31 July 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 5 March 2024 and were signed by:





V Napolitano - Director


BAIANO CO. LTD (REGISTERED NUMBER: 13538997)

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

1. STATUTORY INFORMATION

Baiano Co. Ltd 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.
Short leasehold - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

BAIANO CO. LTD (REGISTERED NUMBER: 13538997)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
Additions 26,315 18,225 831 45,371
At 31 July 2023 26,315 18,225 831 45,371
DEPRECIATION
Charge for year 3,895 4,556 166 8,617
At 31 July 2023 3,895 4,556 166 8,617
NET BOOK VALUE
At 31 July 2023 22,420 13,669 665 36,754

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 616 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 3,378 -
Trade creditors 341 -
Taxation and social security 15,648 -
Other creditors 56,146 -
75,513 -

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 1,900 -