Company Registration No. 12454310 (England and Wales)
Bait London Limited
Unaudited accounts
for the year ended 29 February 2024
Bait London Limited
Unaudited accounts
Contents
Bait London Limited
Company Information
for the year ended 29 February 2024
Company Number
12454310 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
United Kingdom
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Bait London Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
41,139
168,466
Creditors: amounts falling due within one year
(38,849)
(37,313)
Net current assets
163,790
135,153
Net assets
164,682
136,007
Called up share capital
100
100
Profit and loss account
164,582
135,907
Shareholders' funds
164,682
136,007
For the year ending 29 February 2024 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 6 September 2024 and were signed on its behalf by
Guy Finkelstein
Director
Company Registration No. 12454310
Bait London Limited
Notes to the Accounts
for the year ended 29 February 2024
Bait London Limited is a private company, limited by shares, registered in England and Wales, registration number 12454310. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
20% straight line
Computer equipment
33.33% straight line
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
640
642
1,282
At 29 February 2024
1,040
642
1,682
At 1 March 2023
160
268
428
Charge for the year
148
214
362
At 29 February 2024
308
482
790
At 29 February 2024
732
160
892
At 28 February 2023
480
374
854
Amounts falling due within one year
Other debtors
161,500
4,000
Bait London Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
24,587
22,347
Loans from directors
967
181
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
The company was under the control of Mr G. Finkelstein throughout the current period. Mr G. Finkelstein is personally interested in 70% of the company's share capital. Mrs M. Finkelstein is personally interested in 30% of the company's share capital.
Mr G. Finkelstein received a dividend from the company during the year of £37,800 (2023: £14,,950), Mrs M. Finkelstein received a dividend from the company during the year of £16,200 (2023: £8,050).
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Average number of employees
During the year the average number of employees was 1 (2023: 1).