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REGISTERED NUMBER: 11883973 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Badho Enterprises Ltd

Badho Enterprises Ltd (Registered number: 11883973)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Badho Enterprises Ltd

Company Information
for the year ended 31 March 2023







DIRECTOR: D S Gill





REGISTERED OFFICE: 5 Albany Road
Coventry
CV5 6JQ





BUSINESS ADDRESS: 136-150 Quinton Park
Cheylesmore
Coventry
West Midlands
CV3 5HZ





REGISTERED NUMBER: 11883973 (England and Wales)






Badho Enterprises Ltd (Registered number: 11883973)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,103 31,103
Tangible assets 5 3,033 5,839
34,136 36,942

CURRENT ASSETS
Stocks 25,745 31,805
Debtors 6 6,083 1,972
Cash at bank and in hand 435,846 402,022
467,674 435,799
CREDITORS
Amounts falling due within one year 7 314,053 298,019
NET CURRENT ASSETS 153,621 137,780
TOTAL ASSETS LESS CURRENT LIABILITIES 187,757 174,722

CREDITORS
Amounts falling due after more than one
year

8

35,031

45,031
NET ASSETS 152,726 129,691

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 152,722 129,687
152,726 129,691

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 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.

Badho Enterprises Ltd (Registered number: 11883973)

Balance Sheet - continued
31 March 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 15 August 2023 and were signed by:





D S Gill - Director


Badho Enterprises Ltd (Registered number: 11883973)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Badho Enterprises 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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.

Badho Enterprises Ltd (Registered number: 11883973)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 31,103
NET BOOK VALUE
At 31 March 2023 31,103
At 31 March 2022 31,103

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 13,457
DEPRECIATION
At 1 April 2022 7,618
Charge for year 2,806
At 31 March 2023 10,424
NET BOOK VALUE
At 31 March 2023 3,033
At 31 March 2022 5,839

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 6,083 1,972

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Monies held on account 2,000 2,000
Trade creditors 28,007 34,139
Tax 24,511 84,068
VAT 14,416 7,309
Directors' current accounts 203,413 148,982
Accruals 41,706 21,521
314,053 298,019

Badho Enterprises Ltd (Registered number: 11883973)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,031 45,031