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COMPANY REGISTRATION NUMBER: 10456836
Bakur Limited
Filleted Unaudited Financial Statements
31 March 2024
Bakur Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Bakur Limited
Balance Sheet
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
90,284
95,137
Current assets
Stocks
165,650
224,550
Debtors
6
78,934
20,347
Cash at bank and in hand
77,412
72,075
---------
---------
321,996
316,972
Creditors: amounts falling due within one year
7
146,128
245,744
---------
---------
Net current assets
175,868
71,228
---------
---------
Total assets less current liabilities
266,152
166,365
Creditors: amounts falling due after more than one year
8
48,623
33,186
Provisions
24,177
18,076
---------
---------
Net assets
193,352
115,103
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
193,252
115,003
---------
---------
Shareholders funds
193,352
115,103
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bakur Limited
Balance Sheet (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 July 2024 , and are signed on behalf of the board by:
Mr M Cagin
Director
Company registration number: 10456836
Bakur Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
20% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 13 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
137,791
33,938
11,458
183,187
Additions
11,048
12,104
1,300
24,452
---------
--------
--------
--------
---------
At 31 March 2024
148,839
33,938
12,104
12,758
207,639
---------
--------
--------
--------
---------
Depreciation
At 1 April 2023
69,507
15,254
3,289
88,050
Charge for the year
19,833
4,675
2,421
2,376
29,305
---------
--------
--------
--------
---------
At 31 March 2024
89,340
19,929
2,421
5,665
117,355
---------
--------
--------
--------
---------
Carrying amount
At 31 March 2024
59,499
14,009
9,683
7,093
90,284
---------
--------
--------
--------
---------
At 31 March 2023
68,284
18,684
8,169
95,137
---------
--------
--------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
65,033
Other debtors
13,901
20,347
--------
--------
78,934
20,347
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
126,032
233,183
Corporation tax
10,691
665
Social security and other taxes
1,486
490
Other creditors
7,919
11,406
---------
---------
146,128
245,744
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
23,255
33,186
Other creditors
25,368
--------
--------
48,623
33,186
--------
--------
9. Directors' advances, credits and guarantees
as at 1 April 2023 Amount advanced Amount repaid as at 31 March 2024
£ £ £ £
Director advances 9,631 15,000 (50,000) (25,369)