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REGISTERED NUMBER: 10271296 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

BAYAGAN GROUP LTD

BAYAGAN GROUP LTD (REGISTERED NUMBER: 10271296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAYAGAN GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Y Sekander
Mrs N Sekander





SECRETARY: Y Sekander





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 10271296 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BAYAGAN GROUP LTD (REGISTERED NUMBER: 10271296)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,140 15,540
Tangible assets 5 23,506 21,959
44,646 37,499

CURRENT ASSETS
Stocks 6 185,820 60,917
Debtors 7 2,431,144 627,817
Cash at bank 1,220,490 1,430,964
3,837,454 2,119,698
CREDITORS
Amounts falling due within one year 8 3,372,497 1,753,523
NET CURRENT ASSETS 464,957 366,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,603

403,674

PROVISIONS FOR LIABILITIES 5,877 5,490
NET ASSETS 503,726 398,184

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 503,626 398,084
503,726 398,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





Y Sekander - Director


BAYAGAN GROUP LTD (REGISTERED NUMBER: 10271296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Bayagan Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Website development are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BAYAGAN GROUP LTD (REGISTERED NUMBER: 10271296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Website
licences development Totals
£    £    £   
COST
At 1 May 2023 19,116 1,040 20,156
Additions 8,348 - 8,348
At 30 April 2024 27,464 1,040 28,504
AMORTISATION
At 1 May 2023 3,576 1,040 4,616
Amortisation for year 2,748 - 2,748
At 30 April 2024 6,324 1,040 7,364
NET BOOK VALUE
At 30 April 2024 21,140 - 21,140
At 30 April 2023 15,540 - 15,540

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 - 10,875 67,375 78,250
Additions 603 3,450 15,616 19,669
At 30 April 2024 603 14,325 82,991 97,919
DEPRECIATION
At 1 May 2023 - 7,812 48,479 56,291
Charge for year 67 1,651 16,404 18,122
At 30 April 2024 67 9,463 64,883 74,413
NET BOOK VALUE
At 30 April 2024 536 4,862 18,108 23,506
At 30 April 2023 - 3,063 18,896 21,959

6. STOCKS
2024 2023
£    £   
Stocks 185,820 60,917

BAYAGAN GROUP LTD (REGISTERED NUMBER: 10271296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 95
Amounts owed by group undertakings 1,331,560 -
Other debtors 259,894 193,648
Directors' loan accounts 768,649 429,674
VAT 68,108 -
Prepayments 2,933 4,400
2,431,144 627,817

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 996,340 557,776
Tax 249,854 90,101
Social security and other taxes 13,937 -
VAT - 134,684
Other creditors 420,089 47,678
Accrued expenses 1,692,277 923,284
3,372,497 1,753,523

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Y Sekander and Mrs N Sekander
Balance outstanding at start of year 429,674 -
Amounts advanced 984,022 443,342
Amounts repaid (645,047 ) (13,668 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 768,649 429,674

This balance represented the maximum amount outstanding during the period and repayable on demand.

During the period, the company paid the directors rent amounting to £3,261 (2023: £3,222) as a result of utilising office space within their home.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Y Sekander.

This was by virtue of his 51% holding of the issued share capital.