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REGISTERED NUMBER: 10901341 (England and Wales)















BA Technologies Limited

Financial Statements

for the Year Ended 31 December 2023






BA Technologies Limited (Registered number: 10901341)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BA Technologies Limited

Company Information
for the year ended 31 December 2023







Directors: J P Cooper
M R Whitmarsh
K Tetera





Secretary: F S Longden





Registered office: The Camber
East Street
Portsmouth
Hampshire
PO1 2JJ





Registered number: 10901341 (England and Wales)





Auditors: Cooper Parry Group Limited
Statutory Auditor
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

BA Technologies Limited (Registered number: 10901341)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 38,528 47,539
Tangible assets 5 115,945 165,344
154,473 212,883

Current assets
Debtors 6 428,084 302,108
Cash at bank 756,629 1,106,416
1,184,713 1,408,524
Creditors
Amounts falling due within one year 7 678,973 1,111,768
Net current assets 505,740 296,756
Total assets less current liabilities 660,213 509,639

Capital and reserves
Called up share capital 9 3 2
Share premium 10 4,499,998 1,499,999
Retained earnings 10 (3,839,788 ) (990,362 )
Shareholders' funds 660,213 509,639

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 July 2024 and were signed on its behalf by:





J P Cooper - Director


BA Technologies Limited (Registered number: 10901341)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

BA Technologies 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
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Refer to note 12 for details of a post year end share issue to help fund the working capital of the business going forward.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. Turnover is recognised as each contract progresses and certain milestones are met. Variations on contacts are recognised once they are agreed with a customer to commence.

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.

Software licenses are being amortised evenly over their estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - Straight line over the life of the lease
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Foreign currencies
Assets and liabilities in foreign currencies are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into the functional currency at the rate of exchange ruling at the date of transaction. Exchange differences are recognised in the income statement.

BA Technologies Limited (Registered number: 10901341)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the lease term.

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.

3. Employees and directors

The average number of employees during the year was 38 (2022 - 35 ) .

4. Intangible fixed assets
Software
licenses
£
Cost
At 1 January 2023 74,499
Additions 19,671
At 31 December 2023 94,170
Amortisation
At 1 January 2023 26,960
Amortisation for year 28,682
At 31 December 2023 55,642
Net book value
At 31 December 2023 38,528
At 31 December 2022 47,539

5. Tangible fixed assets
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£ £ £ £ £
Cost
At 1 January 2023 14,254 49,737 13,490 297,418 374,899
Additions - - - 20,575 20,575
At 31 December 2023 14,254 49,737 13,490 317,993 395,474
Depreciation
At 1 January 2023 2,897 4,159 4,143 198,356 209,555
Charge for year 2,897 4,973 3,298 58,806 69,974
At 31 December 2023 5,794 9,132 7,441 257,162 279,529
Net book value
At 31 December 2023 8,460 40,605 6,049 60,831 115,945
At 31 December 2022 11,357 45,578 9,347 99,062 165,344

BA Technologies Limited (Registered number: 10901341)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 337,890 193,825
Other debtors 6,770 6,859
VAT 26,456 59,450
Prepayments 56,968 41,974
428,084 302,108

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 284,424 224,014
Social security and other taxes 133,684 175,129
Other creditors 107,208 101,680
Accruals and deferred income 153,657 610,945
678,973 1,111,768

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 110,123 110,123
Between one and five years 211,068 321,191
321,191 431,314

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
3 Ordinary £1 3 2

10. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 January 2023 (990,362 ) 1,499,999 509,637
Deficit for the year (2,849,426 ) (2,849,426 )
Cash share issue - 2,999,999 2,999,999
At 31 December 2023 (3,839,788 ) 4,499,998 660,210

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Jonathan Moughton (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

BA Technologies Limited (Registered number: 10901341)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


12. Post balance sheet events

On 3 April 2024 the board of directors approved the issue of one share to Windwings Holdings Limited with a subscription value of £1,500,000. This funds are to be used to sustain the current business. This amount was paid into the company's bank account on 4 April 2024. This has not made any changes to the ownership of the entity.

13. Ultimate controlling party

The company's ultimate and immediate parent company is Windwings Holdings Limited, incorporated in England and Wales.