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Registered Number: 06492971
England and Wales

 

 

 

BABYLON TRADING COMPANY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
MARSHES CPA LLP
31 March 2024



....................................................

MARSHES CPA LLP

Interzone House
74-77 Magdalen Road
Oxford
OX4 1RE
23 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1    1 
1    1 
Current assets      
Stocks 4 104,661    93,247 
Debtors 5 25,686    22,497 
Cash at bank and in hand 303,602    223,812 
433,949    339,556 
Creditors: amount falling due within one year 6 (125,279)   (89,337)
Net current assets 308,670    250,219 
 
Total assets less current liabilities 308,671    250,220 
Accruals and deferred income (634)   (550)
Defined benefit pension scheme asset/liability (399)   (163)
Net assets 307,638    249,507 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 307,538    249,407 
Shareholders' funds 307,638    249,507 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 November 2024 and were signed on its behalf by:


-------------------------------
Michael Robert ALLEN
Director
2
General Information
BABYLON TRADING COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 06492971, registration address Interzone House, 74-77 Magdalen Road, Oxford, Oxfordshire, OX4 1RE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Land and Buildings 0 Reducing Balance
Plant and Machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 14 (2023 : 13).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 April 2023 1    1,764    30,676    32,441 
Additions      
Disposals      
At 31 March 2024 1    1,764    30,676    32,441 
Depreciation
At 01 April 2023   1,764    30,676    32,440 
Charge for year      
On disposals      
At 31 March 2024   1,764    30,676    32,440 
Net book values
Closing balance as at 31 March 2024 1        1 
Opening balance as at 01 April 2023 1        1 


4.

Stocks

2024
£
  2023
£
Stocks 104,661    93,247 
104,661    93,247 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 9,295    4,342 
Prepayments & Accrued Income 16,795    18,559 
Other Debtors 202    202 
26,292    23,103 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Directors Loan Accounts (606)   (606)
(606)   (606)

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 43,772    34,027 
Corporation Tax 55,602    34,069 
PAYE & Social Security 2,332    829 
Accrued Expenses 7,533    6,585 
Other Creditors (1)   7 
Wages & Salaries Control Account 10,739    9,961 
VAT 5,302    3,859 
125,279    89,337 

3