Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09362464 Mr Peter K Acquah Mr Benjamin Amo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09362464 2022-12-31 09362464 2023-12-31 09362464 2023-01-01 2023-12-31 09362464 frs-core:CurrentFinancialInstruments 2023-12-31 09362464 frs-core:FurnitureFittings 2023-12-31 09362464 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09362464 frs-core:FurnitureFittings 2022-12-31 09362464 frs-core:NetGoodwill 2023-12-31 09362464 frs-core:NetGoodwill 2023-01-01 2023-12-31 09362464 frs-core:NetGoodwill 2022-12-31 09362464 frs-core:ShareCapital 2023-12-31 09362464 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09362464 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09362464 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09362464 frs-bus:SmallEntities 2023-01-01 2023-12-31 09362464 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09362464 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09362464 frs-bus:Director1 2023-01-01 2023-12-31 09362464 frs-bus:Director2 2023-01-01 2023-12-31 09362464 frs-countries:EnglandWales 2023-01-01 2023-12-31 09362464 2021-12-31 09362464 2022-12-31 09362464 2022-01-01 2022-12-31 09362464 frs-core:CurrentFinancialInstruments 2022-12-31 09362464 frs-core:ShareCapital 2022-12-31 09362464 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09362464
BAA Trading Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09362464
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 232,838 258,709
Tangible Assets 5 16,099 18,731
248,937 277,440
CURRENT ASSETS
Stocks 6 54,999 43,219
Debtors 7 28,173 66,210
Cash at bank and in hand 153,720 112,798
236,892 222,227
Creditors: Amounts Falling Due Within One Year 8 (133,924 ) (144,582 )
NET CURRENT ASSETS (LIABILITIES) 102,968 77,645
TOTAL ASSETS LESS CURRENT LIABILITIES 351,905 355,085
NET ASSETS 351,905 355,085
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 351,805 354,985
SHAREHOLDERS' FUNDS 351,905 355,085
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter K Acquah
Director
15 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BAA Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09362464 . The registered office is 83-85 Boundfield Road, Catford, London, SE6 1PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 15 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% Straight line
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 9 10
9 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 388,064
As at 31 December 2023 388,064
Amortisation
As at 1 January 2023 129,355
Provided during the period 25,871
As at 31 December 2023 155,226
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 232,838
As at 1 January 2023 258,709
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 32,596
Additions 698
As at 31 December 2023 33,294
Depreciation
As at 1 January 2023 13,865
Provided during the period 3,330
As at 31 December 2023 17,195
Net Book Value
As at 31 December 2023 16,099
As at 1 January 2023 18,731
6. Stocks
2023 2022
£ £
Materials 54,999 43,219
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 10,500 10,500
Other taxes and social security 17,673 55,710
28,173 66,210
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 88,382 92,850
Corporation tax 37,260 43,726
Accruals and deferred income 8,282 8,006
133,924 144,582
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4