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Company Registration No. 08775585 (England and Wales)
BOOKS ASIA LTD Unaudited accounts for the year ended 30 November 2023
BOOKS ASIA LTD Unaudited accounts Contents
Page
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BOOKS ASIA LTD Company Information for the year ended 30 November 2023
Director
MR A HAQ
Company Number
08775585 (England and Wales)
Registered Office
114-116 MANNINGHAM LANE BRADFORD WEST YORKSHIRE BD8 7JF
Accountants
Arif Khan Accountants Limited 25 Whetley Lane Bradford W Yorkshire BD8 9EH
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BOOKS ASIA LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,357 
1,064 
Current assets
Inventories
12,436 
2,316 
Debtors
32,546 
26,930 
Cash at bank and in hand
261,745 
267,975 
306,727 
297,221 
Creditors: amounts falling due within one year
(182,379)
(151,212)
Net current assets
124,348 
146,009 
Total assets less current liabilities
126,705 
147,073 
Creditors: amounts falling due after more than one year
(117,826)
(112,679)
Net assets
8,879 
34,394 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
8,579 
34,094 
Shareholders' funds
8,879 
34,394 
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 20 August 2024 and were signed on its behalf by
MR A HAQ Director Company Registration No. 08775585
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BOOKS ASIA LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
BOOKS ASIA LTD is a private company, limited by shares, registered in England and Wales, registration number 08775585. The registered office is 114-116 MANNINGHAM LANE, BRADFORD, WEST YORKSHIRE, BD8 7JF.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% REDUCING BALANCE BASIS.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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BOOKS ASIA LTD Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
60,000 
At 30 November 2023
60,000 
Amortisation
At 1 December 2022
60,000 
At 30 November 2023
60,000 
Net book value
At 30 November 2023
- 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
4,085 
Additions
1,882 
At 30 November 2023
5,967 
Depreciation
At 1 December 2022
3,021 
Charge for the year
589 
At 30 November 2023
3,610 
Net book value
At 30 November 2023
2,357 
At 30 November 2022
1,064 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,442 
1,950 
Trade debtors
30,104 
24,980 
32,546 
26,930 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,312 
604 
Trade creditors
53,378 
31,161 
Taxes and social security
34,689 
26,199 
Proposed dividends
90,000 
90,000 
Other creditors
- 
3,248 
182,379 
151,212 
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BOOKS ASIA LTD Notes to the Accounts for the year ended 30 November 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
117,826 
112,679 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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