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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
Page
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Bilba Corp Ltd Company Information for the year ended 30 November 2023
Director
T. Rallu
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
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Bilba Corp Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
489 
652 
Current assets
Debtors
42 
180 
Cash at bank and in hand
132,819 
176,745 
132,861 
176,925 
Creditors: amounts falling due within one year
(553)
(5,320)
Net current assets
132,308 
171,605 
Net assets
132,797 
172,257 
Capital and reserves
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
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Bilba Corp Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Foreign currencies
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.
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Bilba Corp Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
1,980 
At 30 November 2023
1,980 
Depreciation
At 1 December 2022
1,328 
Charge for the year
163 
At 30 November 2023
1,491 
Net book value
At 30 November 2023
489 
At 30 November 2022
652 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
42 
180 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
4,811 
Other creditors
280 
280 
Loans from directors
273 
229 
553 
5,320 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Controlling party
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).
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