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REGISTERED NUMBER: 10953858 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Banh Banh Brixton Limited

Banh Banh Brixton Limited (Registered number: 10953858)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Income Statement 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Banh Banh Brixton Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: D Nguyen





REGISTERED OFFICE: 46 Peckham Rye
London
SE15 4JR





REGISTERED NUMBER: 10953858 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

Banh Banh Brixton Limited (Registered number: 10953858)

Income Statement
for the Year Ended 31 December 2024

Period
1.10.22
Year Ended to
31.12.24 31.12.23
Notes £    £   

TURNOVER 503,892 834,459

Cost of sales 246,609 453,482
GROSS PROFIT 257,283 380,977

Administrative expenses 336,719 357,670
OPERATING (LOSS)/PROFIT 4 (79,436 ) 23,307


Interest payable and similar expenses 707 1,256
(LOSS)/PROFIT BEFORE TAXATION (80,143 ) 22,051

Tax on (loss)/profit 5 - 3,967
(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(80,143

)

18,084

Banh Banh Brixton Limited (Registered number: 10953858)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 6,333 5,422

CURRENT ASSETS
Stocks 7 10,571 -
Debtors 8 32,361 25,000
Cash at bank and in hand 18,650 161,260
61,582 186,260
CREDITORS
Amounts falling due within one year 9 120,502 151,242
NET CURRENT (LIABILITIES)/ASSETS (58,920 ) 35,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,587

)

40,440

CREDITORS
Amounts falling due after more than
one year

10

7,568

20,452
NET (LIABILITIES)/ASSETS (60,155 ) 19,988

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (60,255 ) 19,888
SHAREHOLDERS' FUNDS (60,155 ) 19,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Banh Banh Brixton Limited (Registered number: 10953858)

Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





D Nguyen - Director


Banh Banh Brixton Limited (Registered number: 10953858)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Banh Banh Brixton Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% 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 statement of financial position date.


Banh Banh Brixton Limited (Registered number: 10953858)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 18 (2023 - 13 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

Period
1.10.22
Year Ended to
31.12.24 31.12.23
£    £   
Depreciation - owned assets 2,110 2,307

Banh Banh Brixton Limited (Registered number: 10953858)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TAXATION

Analysis of the tax charge
The tax charge on the loss for the year was as follows:
Period
1.10.22
Year Ended to
31.12.24 31.12.23
£    £   
Current tax:
UK corporation tax - 3,967
Tax on (loss)/profit - 3,967

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 28,953 123,421 3,986 156,360
Additions 3,021 - - 3,021
At 31 December 2024 31,974 123,421 3,986 159,381
DEPRECIATION
At 1 January 2024 23,781 123,421 3,736 150,938
Charge for year 2,048 - 62 2,110
At 31 December 2024 25,829 123,421 3,798 153,048
NET BOOK VALUE
At 31 December 2024 6,145 - 188 6,333
At 31 December 2023 5,172 - 250 5,422

7. STOCKS
31.12.24 31.12.23
£    £   
Stocks 10,571 -

Banh Banh Brixton Limited (Registered number: 10953858)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 7,361 -
Other debtors 25,000 25,000
32,361 25,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 6,417 5,001
Tax 9,258 9,258
Social security and other taxes 25,973 47,209
VAT 12,282 25,223
Other creditors 50,174 48,903
Directors' current accounts 750 -
Accrued expenses 5,000 5,000
120,502 151,242

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 7,568 20,452

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary Shares £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 January 2024 19,888
Deficit for the year (80,143 )
At 31 December 2024 (60,255 )