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Company Registration No. 12336881 (England and Wales)
Babu Hire Ltd Unaudited accounts for the year ended 30 November 2023
Babu Hire Ltd Unaudited accounts Contents
Page
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Babu Hire Ltd Company Information for the year ended 30 November 2023
Director
Saleem Tabib
Company Number
12336881 (England and Wales)
Registered Office
YAHYA ACCOUNTANCY, 164 WEST HENDON BROADWAY LONDON NW9 7AA ENGLAND
Accountants
Yahya & Co Accountants Ltd T/A Yahya Accountancy 164 West Hendon Broadway London NW9 7AA
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Babu Hire Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,948 
27,515 
Current assets
Cash at bank and in hand
891 
3,803 
Creditors: amounts falling due within one year
(40,862)
(12,348)
Net current liabilities
(39,971)
(8,545)
Net assets
20,977 
18,970 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,877 
18,870 
Shareholders' funds
20,977 
18,970 
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 28 August 2024 and were signed on its behalf by
Saleem Tabib Director Company Registration No. 12336881
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Babu Hire Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Babu Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 12336881. The registered office is YAHYA ACCOUNTANCY, 164, WEST HENDON BROADWAY, LONDON, NW9 7AA, ENGLAND.
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.
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:
Motor vehicles
18% reducing balance method
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2022
33,555 
Additions
46,812 
At 30 November 2023
80,367 
Depreciation
At 1 December 2022
6,040 
Charge for the year
13,379 
At 30 November 2023
19,419 
Net book value
At 30 November 2023
60,948 
At 30 November 2022
27,515 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,536 
2,834 
Loans from directors
32,326 
6,575 
Accruals
- 
2,939 
40,862 
12,348 
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Babu Hire Ltd Notes to the Accounts for the year ended 30 November 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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