Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09344865 Mr Sajin Jacob true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09344865 2022-12-31 09344865 2023-12-31 09344865 2023-01-01 2023-12-31 09344865 frs-core:CurrentFinancialInstruments 2023-12-31 09344865 frs-core:Non-currentFinancialInstruments 2023-12-31 09344865 frs-core:ComputerEquipment 2023-12-31 09344865 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09344865 frs-core:ComputerEquipment 2022-12-31 09344865 frs-core:FurnitureFittings 2023-12-31 09344865 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09344865 frs-core:FurnitureFittings 2022-12-31 09344865 frs-core:ShareCapital 2023-12-31 09344865 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09344865 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09344865 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09344865 frs-bus:SmallEntities 2023-01-01 2023-12-31 09344865 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09344865 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09344865 1 2023-01-01 2023-12-31 09344865 frs-bus:Director1 2023-01-01 2023-12-31 09344865 frs-countries:EnglandWales 2023-01-01 2023-12-31 09344865 2021-12-31 09344865 2022-12-31 09344865 2022-01-01 2022-12-31 09344865 frs-core:CurrentFinancialInstruments 2022-12-31 09344865 frs-core:Non-currentFinancialInstruments 2022-12-31 09344865 frs-core:ShareCapital 2022-12-31 09344865 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09344865
Bas Global Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09344865
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 511 673
511 673
CURRENT ASSETS
Stocks 5 3,125 5,092
Cash at bank and in hand 6,581 9,296
9,706 14,388
Creditors: Amounts Falling Due Within One Year 6 (10,431 ) (12,540 )
NET CURRENT ASSETS (LIABILITIES) (725 ) 1,848
TOTAL ASSETS LESS CURRENT LIABILITIES (214 ) 2,521
Creditors: Amounts Falling Due After More Than One Year 7 (7,338 ) (10,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (102 ) (135 )
NET LIABILITIES (7,654 ) (7,614 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (7,754 ) (7,714 )
SHAREHOLDERS' FUNDS (7,654) (7,614)
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sajin Jacob
Director
23/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bas Global Limited Registered number 09344865 is a limited by shares company incorporated in England & Wales. The Registered Office is 71 Far Gosford Street, Coventry, CV1 5DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance.
Computer Equipment 25% on reducing balance.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 260 1,400 1,660
As at 31 December 2023 260 1,400 1,660
Depreciation
As at 1 January 2023 189 798 987
Provided during the period 11 151 162
As at 31 December 2023 200 949 1,149
Net Book Value
As at 31 December 2023 60 451 511
As at 1 January 2023 71 602 673
5. Stocks
2023 2022
£ £
Finished goods 3,125 5,092
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 150 150
Government grants within one year 5,162 2,500
Director's loan account 5,119 9,890
10,431 12,540
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Government grants after one year 7,338 10,000
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 102 135
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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