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REGISTERED NUMBER: 12871549 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024

FOR

BACARO R&B LIMITED

BACARO R&B LIMITED (REGISTERED NUMBER: 12871549)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BACARO R&B LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024







DIRECTORS: J J R Poole
P J Smith





REGISTERED OFFICE: 47 Castle Street
Liverpool
L2 9UB





REGISTERED NUMBER: 12871549 (England and Wales)





ACCOUNTANTS: Additions
Chartered Accountants
One Derby Square
Liverpool
L2 9QR

BACARO R&B LIMITED (REGISTERED NUMBER: 12871549)

BALANCE SHEET
31 MAY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 19,200
Tangible assets 5 - 78,406
- 97,606

CURRENT ASSETS
Stocks - 4,171
Debtors 6 - 23,524
Cash at bank and in hand - 29,763
- 57,458
CREDITORS
Amounts falling due within one year 7 300,059 272,139
NET CURRENT LIABILITIES (300,059 ) (214,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(300,059

)

(117,075

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (300,159 ) (117,175 )
(300,059 ) (117,075 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





J J R Poole - Director


BACARO R&B LIMITED (REGISTERED NUMBER: 12871549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024


1. STATUTORY INFORMATION

Bacaro R&B 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.

Going concern
The company permanently ceased trading on 17 January 2024 and the assets of the business were sold. The financial statements have therefore not been prepared on a going concern basis, however no adjustments were required to the settlement values of the company's assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line
Plant and machinery - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BACARO R&B LIMITED (REGISTERED NUMBER: 12871549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 46 (2022 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 24,000
Disposals (24,000 )
At 31 May 2024 -
AMORTISATION
At 1 January 2023 4,800
Charge for period 4,800
Eliminated on disposal (9,600 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 December 2022 19,200

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023 18,714 73,375 92,089
Additions 22,034 18,096 40,130
Disposals (40,748 ) (91,471 ) (132,219 )
At 31 May 2024 - - -
DEPRECIATION
At 1 January 2023 1,671 12,012 13,683
Charge for period 3,651 17,715 21,366
Eliminated on disposal (5,322 ) (29,727 ) (35,049 )
At 31 May 2024 - - -
NET BOOK VALUE
At 31 May 2024 - - -
At 31 December 2022 17,043 61,363 78,406

BACARO R&B LIMITED (REGISTERED NUMBER: 12871549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors - 866
Other debtors - 22,658
- 23,524

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors - 34,176
Taxation and social security 6,219 55,761
Other creditors 293,840 182,202
300,059 272,139

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2024 and the year ended 31 December 2022:

2024 2022
£    £   
J J R Poole
Balance outstanding at start of period 7,000 -
Amounts advanced - 7,000
Amounts repaid (7,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 7,000

P J Smith
Balance outstanding at start of period 7,000 -
Amounts advanced - 7,000
Amounts repaid (7,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 7,000

The above loans are unsecured, interest free and have no fixed date for repayment.

9. RELATED PARTY DISCLOSURES

During the period, the company received an interest free loan from a company which is under common control. This loan is unsecured and has no fixed date for repayment. At 31 May 2024, the balance due from the company was £293,840 (2022 - £170,604). This balance is included within other creditors.