BAP FRANCHISE MANAGEMENT LTD
Registered number: 08339763
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,946 17,261
Current assets
Stocks 5,716 7,830
Cash at bank and in hand 44,468 37,354
50,184 45,184
Creditors: amounts falling due within one year 4 (34,045) (25,861)
Net current assets 16,139 19,323
Total assets less current liabilities 29,085 36,584
Creditors: amounts falling due after more than one year 5 (28,567) (32,690)
Net assets 518 3,894
Capital and reserves
Called up share capital 104 104
Profit and loss account 414 3,790
Shareholders' funds 518 3,894
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Richards
Director
Approved by the board on 9 September 2024
BAP FRANCHISE MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 25 25
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 57,242
At 31 December 2023 57,242
Depreciation
At 1 January 2023 39,981
Charge for the year 4,315
At 31 December 2023 44,296
Net book value
At 31 December 2023 12,946
At 31 December 2022 17,261
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 6,593 14,322
Taxation and social security costs 5,452 6,539
Accruals 17,000 -
34,045 25,861
5 Creditors: amounts falling due after one year 2023 2022
£ £
Coronavirus Bounce Back Loan 8,567 12,690
Other creditors 20,000 20,000
28,567 32,690
6 Other information
BAP FRANCHISE MANAGEMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Portal Business Park
Suite 3 & 4
Eaton Lane
Tarporley
CW6 9DL
BAP FRANCHISE MANAGEMENT LTD 08339763 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 D Richards No description of principal activity 08339763 2022-01-01 2022-12-31 08339763 core:WithinOneYear 2022-12-31 08339763 core:AfterOneYear 2022-12-31 08339763 core:ShareCapital 2022-12-31 08339763 core:RetainedEarningsAccumulatedLosses 2022-12-31 08339763 2023-01-01 2023-12-31 08339763 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08339763 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08339763 bus:Director40 2023-01-01 2023-12-31 08339763 core:PlantMachinery 2023-01-01 2023-12-31 08339763 countries:England 2023-01-01 2023-12-31 08339763 bus:FRS102 2023-01-01 2023-12-31 08339763 bus:FilletedAccounts 2023-01-01 2023-12-31 08339763 2023-12-31 08339763 core:WithinOneYear 2023-12-31 08339763 core:AfterOneYear 2023-12-31 08339763 core:ShareCapital 2023-12-31 08339763 core:RetainedEarningsAccumulatedLosses 2023-12-31 08339763 core:PlantMachinery 2023-12-31 08339763 2022-12-31 08339763 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure