Company Registration No. 08422918 (England and Wales)
Babycup Ltd
Unaudited accounts
for the year ended 29 February 2024
Babycup Ltd
Unaudited accounts
Contents
Babycup Ltd
Company Information
for the year ended 29 February 2024
Company Number
08422918 (England and Wales)
Registered Office
Mak Practice
Chiltlee Manor
50 Chiltlee Manor Estate
Liphook
Hampshire
GU30 7AZ
England
Accountants
Zincbooks Limited
27 Nettle Gap Close
Wootton Fields
Northampton
NN4 6AH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Babycup Ltd for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Babycup Ltd for the year ended
29 February 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Babycup Ltd, as a body, in accordance with the terms of our engagement letter dated 3 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of Babycup Ltd and state those matters that we have agreed to state to the Board of Directors of Babycup Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Babycup Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Babycup Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Babycup Ltd. You consider that Babycup Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Babycup Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Zincbooks Limited
Chartered Accountants
27 Nettle Gap Close
Wootton Fields
Northampton
NN4 6AH
21 November 2024
Babycup Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
169,968
169,968
Tangible assets
3,464
4,745
Cash at bank and in hand
(7,434)
(6,498)
Creditors: amounts falling due within one year
(55,003)
(81,218)
Net current liabilities
(53,871)
(47,537)
Total assets less current liabilities
119,561
127,176
Creditors: amounts falling due after more than one year
(83,386)
(106,595)
Called up share capital
137
134
Share premium
126,663
119,966
Profit and loss account
(90,625)
(99,519)
Shareholders' funds
36,175
20,581
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2024 and were signed on its behalf by
Sara Keel
Director
Company Registration No. 08422918
Babycup Ltd
Notes to the Accounts
for the year ended 29 February 2024
Babycup Ltd is a private company, limited by shares, registered in England and Wales, registration number 08422918. The registered office is Mak Practice, Chiltlee Manor, 50 Chiltlee Manor Estate, Liphook, Hampshire, GU30 7AZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell..
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Babycup Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Other
At 29 February 2024
169,968
At 29 February 2024
169,968
At 28 February 2023
169,968
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
24,484
1,971
26,455
At 29 February 2024
24,484
1,971
26,455
At 1 March 2023
20,297
1,413
21,710
Charge for the year
1,142
139
1,281
At 29 February 2024
21,439
1,552
22,991
At 29 February 2024
3,045
419
3,464
At 28 February 2023
4,187
558
4,745
Amounts falling due within one year
Trade debtors
1,438
20,778
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,350
12,405
Trade creditors
7,669
45,730
Other creditors
5,875
15,484
Loans from directors
28,721
30,046
Babycup Ltd
Notes to the Accounts
for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).