Registered number
13952265
BABUL'S (TEESDALE) LIMITED
Filleted Accounts
31 March 2024
BABUL'S (TEESDALE) LIMITED
Registered number: 13952265
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,438 17,849
Current assets
Stocks 3,309 3,205
Debtors 4 23,578 26,860
Cash at bank and in hand 60,169 5,651
87,056 35,716
Creditors: amounts falling due within one year 5 (125,527) (26,421)
Net current (liabilities)/assets (38,471) 9,295
Net (liabilities)/assets (16,033) 27,144
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account (26,033) 17,144
Shareholder's funds (16,033) 27,144
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Shuhel Ahmed
Director
Approved by the board on 12 June 2024
BABUL'S (TEESDALE) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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:
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 9
3 Tangible fixed assets
Fixture, fittings and equipment
£
Cost
At 1 April 2023 23,798
Additions 10,198
At 31 March 2024 33,996
Depreciation
At 1 April 2023 5,949
Charge for the year 5,609
At 31 March 2024 11,558
Net book value
At 31 March 2024 22,438
At 31 March 2023 17,849
4 Debtors 2024 2023
£ £
Trade debtors 3,616 3,791
Directors current account 18,882 23,069
Other debtors 1,080 -
23,578 26,860
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 21,188 3,021
Taxation and social security costs 80,145 11,235
Other creditors 24,194 12,165
125,527 26,421
6 Ultimate controlling party
The company is controlled by Khondokar Group Limited.
7 Other information
BABUL'S (TEESDALE) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Innovational Central
John Williams Blvd South
Darlington
DL1 1BF
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