2023-05-012024-04-302024-04-30false08483444BADU 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BADU LTD

Registered Number
08483444
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

BADU LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

DUFFY, Andrew
BASHFORD, Helen

Registered Address

3 Nile Street
Nile Street
Brighton
BN1 1HW

Registered Number

08483444 (England and Wales)
BADU LTD
Statement of Financial Position
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,9547,488
8,9547,488
Current assets
Debtors2,0342,265
Cash at bank and on hand47,62941,040
49,66343,305
Creditors amounts falling due within one year4(22,756)(22,167)
Net current assets (liabilities)26,90721,138
Total assets less current liabilities35,86128,626
Provisions for liabilities5(1,683)(1,415)
Net assets34,17827,211
Capital and reserves
Called up share capital100100
Profit and loss account34,07827,111
Shareholders' funds34,17827,211
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
BASHFORD, Helen
Director
Registered Company No. 08483444
BADU LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate.
Turnover policy
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.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Government grants or assistance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Coronavirus (COVID-19) Business support grants are recognised once the entity's eligibility had been established and it becomes receivable.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 May 2340,543-40,543
Additions1,4051,9473,352
At 30 April 2441,9481,94743,895
Depreciation and impairment
At 01 May 2333,055-33,055
Charge for year1,5083791,887
Other adjustments(1)-(1)
At 30 April 2434,56237934,941
Net book value
At 30 April 247,3861,5688,954
At 30 April 237,488-7,488
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security18,95715,933
Other creditors3,7996,234
Total22,75622,167
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,6831,415
Total1,6831,415