BUN BAO LIMITED

Company Registration Number:
14807986 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 17 April 2023

End date: 30 April 2024

BUN BAO LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Profit and loss
Balance sheet
Additional notes

BUN BAO LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

Bun Bao Limited operates as a takeaway mobile unit specialising in the sale of asian food. The company focuses on providing a diverse menu of freshly prepared bao buns and other Asian-inspired street food items. Our mobile unit serves customers at various locations, including markets, festivals, and private events. The principal aim of Bun Bao Limited is to deliver high-quality, convenient, and delicious food options to our customers while maintaining excellent standards of hygiene and customer service.



Directors

The director shown below has held office during the whole of the period from
17 April 2023 to 30 April 2024

Pik Kei Lai


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 July 2024

And signed on behalf of the board by:
Name: Pik Kei Lai
Status: Director

BUN BAO LIMITED

Profit And Loss Account

for the Period Ended 30 April 2024

2024


£
Turnover: 25,438
Cost of sales: ( 3,740 )
Gross profit(or loss): 21,698
Administrative expenses: ( 830 )
Operating profit(or loss): 20,868
Profit(or loss) before tax: 20,868
Tax: ( 3,946 )
Profit(or loss) for the financial year: 16,922

BUN BAO LIMITED

Balance sheet

As at 30 April 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 20,869
Total current assets: 20,869
Net current assets (liabilities): 20,869
Total assets less current liabilities: 20,869
Total net assets (liabilities): 20,869
Capital and reserves
Called up share capital: 1
Profit and loss account: 20,868
Total Shareholders' funds: 20,869

The notes form part of these financial statements

BUN BAO LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 July 2024
and signed on behalf of the board by:

Name: Pik Kei Lai
Status: Director

The notes form part of these financial statements

BUN BAO LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Revenue RecognitionBun Bao Limited recognises turnover at the fair value of the consideration received or receivable for the sale of goods in the ordinary course of business. Turnover is shown net of Value Added Tax (VAT), returns, rebates, and discounts.Sales of GoodsTurnover from the sale of food items is recognised when all of the following conditions are satisfied:The company has transferred the significant risks and rewards of ownership of the goods to the buyer.The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.The amount of turnover can be measured reliably.It is probable that the economic benefits associated with the transaction will flow to the company.The costs incurred or to be incurred in respect of the transaction can be measured reliably.MeasurementTurnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, VAT, and other sales taxes. The fair value is typically the invoice price or the contractually agreed price.Returns and RefundsProvisions for returns and refunds are made based on historical data and patterns of customer behavior. Any returns or refunds are accounted for in the period in which they occur and are deducted from the turnover for that period.Deferred IncomeIn cases where customers pay in advance for goods or services, the amounts received are recorded as deferred income and recognised as turnover when the goods or services are delivered.

    Tangible fixed assets depreciation policy

    OverviewBun Bao Limited does not currently own any tangible fixed assets. As such, there is no depreciation policy in place for tangible fixed assets for the reporting period.Future PolicyShould the company acquire tangible fixed assets in the future, a depreciation policy will be established in accordance with relevant accounting standards and principles. This policy will detail the methods and rates of depreciation for different categories of tangible fixed assets, ensuring accurate and consistent accounting practices.Depreciation MethodIn the event that tangible fixed assets are acquired, the company will likely adopt a straight-line depreciation method, which allocates the cost of an asset evenly over its useful life. The specific useful life and residual value of each asset category will be determined based on the nature of the assets and industry standards.The depreciation policy will be reviewed periodically to ensure it remains appropriate and reflects any changes in the company’s asset base or relevant accounting standards. Any significant changes to the policy will be disclosed in the financial statements for the period in which the changes occur.ConclusionAs Bun Bao Limited does not currently hold any tangible fixed assets, no depreciation expense is recognised in the financial statements for the reporting period. The company remains committed to establishing a robust depreciation policy should the acquisition of tangible fixed assets become necessary in the future.

    Intangible fixed assets amortisation policy

    OverviewBun Bao Limited does not currently own any intangible fixed assets. As such, there is no amortisation policy in place for intangible fixed assets for the reporting period.Future PolicyShould the company acquire intangible fixed assets in the future, an amortisation policy will be established in accordance with relevant accounting standards and principles. This policy will detail the methods and rates of amortisation for different categories of intangible fixed assets, ensuring accurate and consistent accounting practices.Amortisation MethodIn the event that intangible fixed assets are acquired, the company will likely adopt a straight-line amortisation method, which allocates the cost of an asset evenly over its useful life. The specific useful life and residual value of each asset category will be determined based on the nature of the assets and industry standards.

BUN BAO LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024
    Average number of employees during the period 0