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REGISTERED NUMBER: 10472086 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Babis Trans Ltd

Babis Trans Ltd (Registered number: 10472086)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Babis Trans Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr C Papadopoulos





REGISTERED OFFICE: Apartment 4, Lock 8
The Decks
Runcorn
Cheshire
WA7 1GT





REGISTERED NUMBER: 10472086 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Babis Trans Ltd (Registered number: 10472086)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,072 38,908

CURRENT ASSETS
Debtors 5 50,971 55,970
Cash at bank 9,728 700
60,699 56,670
CREDITORS
Amounts falling due within one year 6 37,000 35,981
NET CURRENT ASSETS 23,699 20,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,771

59,597

CREDITORS
Amounts falling due after more than one
year

7

19,964

41,312
NET ASSETS 36,807 18,285

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 36,805 18,283
SHAREHOLDERS' FUNDS 36,807 18,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Babis Trans Ltd (Registered number: 10472086)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mr C Papadopoulos - Director


Babis Trans Ltd (Registered number: 10472086)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Babis Trans 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 15% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Babis Trans Ltd (Registered number: 10472086)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 56,000
DEPRECIATION
At 1 December 2022 17,092
Charge for year 5,836
At 30 November 2023 22,928
NET BOOK VALUE
At 30 November 2023 33,072
At 30 November 2022 38,908

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 56,000
DEPRECIATION
At 1 December 2022 17,092
Charge for year 5,836
At 30 November 2023 22,928
NET BOOK VALUE
At 30 November 2023 33,072
At 30 November 2022 38,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 20,303 14,290
Other debtors 30,668 41,680
50,971 55,970

Babis Trans Ltd (Registered number: 10472086)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 8,680 8,680
Taxation and social security 21,564 18,901
Other creditors 1,756 3,400
37,000 35,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 6,626 11,884
Hire purchase contracts 6,905 19,339
Other creditors 6,433 10,089
19,964 41,312

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 15,585 28,019

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 November 2023 a director of the company owed the company £27,304 (2022 - £38,317) in respect of an interest free loan, which is repayable on demand.