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REGISTERED NUMBER: 07225187















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bagitali Ltd

Bagitali Ltd (Registered number: 07225187)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bagitali Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Y L CHEN





REGISTERED OFFICE: UNIT 2 ROPEWALK GARDENS
16 UMBERSTON STREET
LONDON
E1 1PY





REGISTERED NUMBER: 07225187






Bagitali Ltd (Registered number: 07225187)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,108 4,329

CURRENT ASSETS
Stocks 5 37,623 41,000
Debtors 6 336,046 631,579
Cash at bank 27,389 8,853
401,058 681,432
CREDITORS
Amounts falling due within one year 7 255,437 454,946
NET CURRENT ASSETS 145,621 226,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,729

230,815

CREDITORS
Amounts falling due after more than one
year

8

93,333

140,000
NET ASSETS 54,396 90,815

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 54,296 90,715
SHAREHOLDERS' FUNDS 54,396 90,815

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

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

Bagitali Ltd (Registered number: 07225187)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





Y L CHEN - Director


Bagitali Ltd (Registered number: 07225187)

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

1. STATUTORY INFORMATION

Bagitali Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover comprises the value of sales of good and services provided, net of VAT.

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 - 20% 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.

Stock
Stock are valued at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Bagitali Ltd (Registered number: 07225187)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,701 5,641 7,342
DEPRECIATION
At 1 April 2023 262 2,751 3,013
Charge for year 340 1,881 2,221
At 31 March 2024 602 4,632 5,234
NET BOOK VALUE
At 31 March 2024 1,099 1,009 2,108
At 31 March 2023 1,439 2,890 4,329

5. STOCKS
31.3.24 31.3.23
£    £   
Finished goods 37,623 41,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,182 -
Other debtors 330,864 631,579
336,046 631,579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 93,252
Tax 7,766 6,651
Social security and other taxes 185 185
VAT 127,506 151,974
Other creditors 34,769 34,865
Directors' current accounts - 127,891
Accrued expenses 85,210 40,128
255,437 454,946

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 93,333 140,000

Bagitali Ltd (Registered number: 07225187)

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

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
NIL Ordinary Share capital £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 90,715
Profit for the year 13,581
Dividends (50,000 )
At 31 March 2024 54,296