Company Registration No. 09305523 (England and Wales)
Bilba Corp Ltd
Unaudited accounts
for the year ended 30 November 2023
Bilba Corp Ltd
Unaudited accounts
Contents
Bilba Corp Ltd
Company Information
for the year ended 30 November 2023
Company Number
09305523 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Bilba Corp Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
132,819
176,745
Creditors: amounts falling due within one year
(553)
(5,320)
Net current assets
132,308
171,605
Net assets
132,797
172,257
Called up share capital
1
1
Profit and loss account
132,796
172,256
Shareholders' funds
132,797
172,257
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
T. Rallu
Director
Company Registration No. 09305523
Bilba Corp Ltd
Notes to the Accounts
for the year ended 30 November 2023
Bilba Corp Ltd is a private company, limited by shares, registered in England and Wales, registration number 09305523. The registered office is 20-22 Wenlock Road, London, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Bilba Corp Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
4,811
Loans from directors
273
229
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The company is under the control of T. Rallu by virtue of his shareholding and directorship.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).