Acorah Software Products - Accounts Production 16.1.300 false true true false 28 June 2023 30 June 2024 30 June 2024 14968232 Mr H Ahuja Mr H Ahuja true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14968232 2023-06-27 14968232 2024-06-30 14968232 2023-06-28 2024-06-30 14968232 frs-core:CurrentFinancialInstruments 2024-06-30 14968232 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-28 2024-06-30 14968232 frs-core:OtherResidualIntangibleAssets 2024-06-30 14968232 frs-core:OtherResidualIntangibleAssets 2023-06-28 2024-06-30 14968232 frs-core:OtherResidualIntangibleAssets 2023-06-27 14968232 frs-core:ShareCapital 2024-06-30 14968232 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14968232 frs-bus:PrivateLimitedCompanyLtd 2023-06-28 2024-06-30 14968232 frs-bus:FilletedAccounts 2023-06-28 2024-06-30 14968232 frs-bus:SmallEntities 2023-06-28 2024-06-30 14968232 frs-bus:AuditExempt-NoAccountantsReport 2023-06-28 2024-06-30 14968232 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-28 2024-06-30 14968232 frs-bus:OrdinaryShareClass1 2023-06-28 2024-06-30 14968232 frs-bus:OrdinaryShareClass1 2024-06-30 14968232 1 2023-06-28 2024-06-30 14968232 frs-bus:Director1 2023-06-28 2024-06-30 14968232 frs-countries:EnglandWales 2023-06-28 2024-06-30
Registered number: 14968232
BABA-G Brewing Company Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14968232
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 58,329
58,329
CURRENT ASSETS
Debtors 5 400
Cash at bank and in hand 305
705
Creditors: Amounts Falling Due Within One Year 6 (61,003 )
NET CURRENT ASSETS (LIABILITIES) (60,298 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,969 )
NET LIABILITIES (1,969 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (2,069 )
SHAREHOLDERS' FUNDS (1,969)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr H Ahuja
Director
4 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BABA-G Brewing Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14968232 . The registered office is Flat 1 Stafford Mansions, Albert Bridge Road, London, SW11 4QG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
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.
Brand development is being amortised evenly over its estimated useful life of five years.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
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4. Intangible Assets
Brand Development
£
Cost
As at 28 June 2023 -
Additions 58,329
As at 30 June 2024 58,329
Net Book Value
As at 30 June 2024 58,329
As at 28 June 2023 -
5. Debtors
2024
£
Due within one year
VAT 400
400
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 30,000
Accruals and deferred income 751
Director's loan account 30,252
61,003
7. Share Capital
2024
Allotted, called up and fully paid £
100 Ordinary Shares of £ 1.00 each 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr H Ahuja by virtue of his ownership of 100% of the issued share capital in the company.
9. Going Concern
Total liabilities exceed total assets however, the company is able to meet any liabilities that may fall due.
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