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REGISTERED NUMBER: 13395984 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Babila Limited

Babila Limited (Registered number: 13395984)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Babila Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr M Casarini





SECRETARY:





REGISTERED OFFICE: 3rd Floor 207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 13395984 (England and Wales)





ACCOUNTANTS: Brookstone Accountancy Limited
3rd Floor
207 Regent Street
London
W1B 3HH

Babila Limited (Registered number: 13395984)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,917 2,835
Tangible assets 5 25,047 3,244
31,964 6,079

CURRENT ASSETS
Debtors 6 369 1,800
Cash at bank 417,402 127,579
417,771 129,379
CREDITORS
Amounts falling due within one year 7 105,080 22,728
NET CURRENT ASSETS 312,691 106,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,655

112,730

PROVISIONS FOR LIABILITIES 6,287 747
NET ASSETS 338,368 111,983

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 338,268 111,883
SHAREHOLDERS' FUNDS 338,368 111,983

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

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

The director acknowledges his 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 director and authorised for issue on 13 September 2024 and were signed by:





Mr M Casarini - Director


Babila Limited (Registered number: 13395984)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Babila 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.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Babila Limited (Registered number: 13395984)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 June 2023 - 4,725 4,725
Additions 6,284 - 6,284
At 31 May 2024 6,284 4,725 11,009
AMORTISATION
At 1 June 2023 - 1,890 1,890
Amortisation for year 1,257 945 2,202
At 31 May 2024 1,257 2,835 4,092
NET BOOK VALUE
At 31 May 2024 5,027 1,890 6,917
At 31 May 2023 - 2,835 2,835

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 3,709 - 2,511 6,220
Additions 2,432 28,995 - 31,427
At 31 May 2024 6,141 28,995 2,511 37,647
DEPRECIATION
At 1 June 2023 1,304 - 1,672 2,976
Charge for year 1,536 7,249 839 9,624
At 31 May 2024 2,840 7,249 2,511 12,600
NET BOOK VALUE
At 31 May 2024 3,301 21,746 - 25,047
At 31 May 2023 2,405 - 839 3,244

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 1,800
Other debtors 369 -
369 1,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 43 157
Tax 89,087 16,085
VAT 15,319 5,456
Other creditors 31 31
Directors' loan accounts - 399
Accrued expenses 600 600
105,080 22,728

Babila Limited (Registered number: 13395984)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £ 1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Casarini.