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Registered Number: 15092563


 

 

 

BASBOGA LIMITED


Abridged Accounts
 


Period of accounts

Start date: 23 August 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
Current assets    
Debtors 6,932 
Cash at bank and in hand 28,844 
35,776 
Creditors: amount falling due within one year (34,576)
Net current assets 1,200 
 
Total assets less current liabilities 1,200 
Creditors: amount falling due after more than one year (72,000)
Net assets (70,800)
 

Capital and reserves
   
Profit and loss account (70,800)
Shareholders' funds (70,800)
 


For the period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 04 April 2025 and were signed by:


-------------------------------
Cem Cagri DONMEZ
Director
1
General Information
BASBOGA LIMITED is a private company, limited by shares, registered in , registration number 15092563, registration address Unit 6 Hill View Studios, 160 Eltham Hill, London, SE9 5EA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Capitalisation of borrowing costs
The Company has capitalised borrowing costs directly attributable to the acquisition, construction, or production of a qualifying asset, in accordance with FRS 102 Section 25  and IAS 23. Borrowing costs include interest on loans and other financing costs directly related to the construction or acquisition of [specific asset, e.g., property, plant, equipment].  
During the year, the Company capitalised £72,000 of borrowing costs, which are included in the cost of the [specific asset]. These costs will be amortised over the useful life of the asset once it is ready for use or sale.

2.

Staff Costs

2024
£
Wages and salaries 55,447 
Social security costs 5,357 
Other staff costs 6,873 
67,677 
Average number of employees during the period Number
Administration 1 
Sales 1 

3.

Average number of employees

Average number of employees during the period was 2.
4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
100 Class A shares of £1.00 each 100 
100 

2