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REGISTERED NUMBER: 06978719 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

V Babic APP Limited

V Babic APP Limited (Registered number: 06978719)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


V Babic APP Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: V Babic





REGISTERED OFFICE: Harmile House
54 St Marys Lane
Upminster
Essex
RM14 2QP





REGISTERED NUMBER: 06978719 (England and Wales)

V Babic APP Limited (Registered number: 06978719)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,789 4,053

CURRENT ASSETS
Debtors 5 161,491 103,112
Cash at bank and in hand 113,142 80,428
274,633 183,540
CREDITORS
Amounts falling due within one year 6 275,761 186,639
NET CURRENT LIABILITIES (1,128 ) (3,099 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,661

954

PROVISIONS FOR LIABILITIES 530 770
NET ASSETS 1,131 184

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,129 182
SHAREHOLDERS' FUNDS 1,131 184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:




V Babic - Director


V Babic APP Limited (Registered number: 06978719)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

V Babic APP Limited 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.

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.
Plant and machinery etc - 50% on cost, 33% on reducing balance and 25% on reducing balance

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

V Babic APP Limited (Registered number: 06978719)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 13,430
DEPRECIATION
At 1 September 2022 9,377
Charge for year 1,264
At 31 August 2023 10,641
NET BOOK VALUE
At 31 August 2023 2,789
At 31 August 2022 4,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 10,792 68,681
Other debtors 150,699 34,431
161,491 103,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 5,928 2,321
Taxation and social security 142,145 56,630
Other creditors 127,688 127,688
275,761 186,639

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary £1 2 2

V Babic APP Limited (Registered number: 06978719)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
V Babic
Balance outstanding at start of year 3,948 -
Amounts advanced 287,125 360,535
Amounts repaid (204,811 ) (356,587 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,262 3,948

The loan is repayable on demand. Interest is charged at approved Revenue rates and £1,994 (2022 - £125) has been credited to Profit and Loss account in year.

9. RELATED PARTY DISCLOSURES

Included within Other Creditors brought forward is an interest free loan of £125,000 which was advanced to the company from D. Babic, brother of director. The amount remains outstanding and is disclosed within due amounts due within one year.