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REGISTERED NUMBER: 10472086 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Babis Trans Ltd

Babis Trans Ltd (Registered number: 10472086)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Babis Trans Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr C Papadopoulos





REGISTERED OFFICE: Apartment 4, Lock 8
The Decks
Runcorn
Cheshire
WA7 1GT





REGISTERED NUMBER: 10472086 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Babis Trans Ltd (Registered number: 10472086)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,111 33,072

CURRENT ASSETS
Debtors 5 57,206 50,971
Cash at bank 26,898 9,728
84,104 60,699
CREDITORS
Amounts falling due within one year 6 44,549 37,000
NET CURRENT ASSETS 39,555 23,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,666

56,771

CREDITORS
Amounts falling due after more than one
year

7

5,046

19,964
NET ASSETS 62,620 36,807

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 62,618 36,805
SHAREHOLDERS' FUNDS 62,620 36,807

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

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

The director acknowledges his 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.

Babis Trans Ltd (Registered number: 10472086)

Balance Sheet - continued
30 November 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2025 and were signed by:





Mr C Papadopoulos - Director


Babis Trans Ltd (Registered number: 10472086)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Babis Trans 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 15% on reducing balance

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

Current 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Babis Trans Ltd (Registered number: 10472086)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 56,000
DEPRECIATION
At 1 December 2023 22,928
Charge for year 4,961
At 30 November 2024 27,889
NET BOOK VALUE
At 30 November 2024 28,111
At 30 November 2023 33,072

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 56,000
DEPRECIATION
At 1 December 2023 22,928
Charge for year 4,961
At 30 November 2024 27,889
NET BOOK VALUE
At 30 November 2024 28,111
At 30 November 2023 33,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 20,303 20,303
Other debtors 36,903 30,668
57,206 50,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 8,680 8,680
Taxation and social security 30,869 21,564
Other creditors - 1,756
44,549 37,000

Babis Trans Ltd (Registered number: 10472086)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 1,495 6,626
Hire purchase contracts (882 ) 6,905
Other creditors 4,433 6,433
5,046 19,964

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Hire purchase contracts 7,798 15,585

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 November 2024 a director of the company owed the company £6,236 (2023 - £27,304) in respect of an interest free loan, which is repayable on demand.