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REGISTERED NUMBER: 05503124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

BAAP Limited

BAAP Limited (Registered number: 05503124)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAAP Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: M T Shenton





REGISTERED OFFICE: 25 Leicester Road
Blaby
Leicester
LE8 4GR





REGISTERED NUMBER: 05503124 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

BAAP Limited (Registered number: 05503124)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,493 5,900
29,493 5,900

CURRENT ASSETS
Stocks 2,069 800
Debtors 6 14,068 16,897
Cash at bank and in hand 58,026 66,441
74,163 84,138
CREDITORS
Amounts falling due within one year 7 28,220 28,484
NET CURRENT ASSETS 45,943 55,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,436

61,554

PROVISIONS FOR LIABILITIES 5,106 535
NET ASSETS 70,330 61,019

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 70,230 60,919
SHAREHOLDERS' FUNDS 70,330 61,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

BAAP Limited (Registered number: 05503124)

Balance Sheet - continued
31 March 2025


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 20 May 2025 and were signed by:





M T Shenton - Director


BAAP Limited (Registered number: 05503124)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

BAAP 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.

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.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 33% on cost, 20% on cost and 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

BAAP Limited (Registered number: 05503124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 140,000
AMORTISATION
At 1 April 2024
and 31 March 2025 140,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 3,350 47,435 50,785
Additions - 25,500 25,500
Disposals - (30,000 ) (30,000 )
At 31 March 2025 3,350 42,935 46,285
DEPRECIATION
At 1 April 2024 268 44,617 44,885
Charge for year 462 1,445 1,907
Eliminated on disposal - (30,000 ) (30,000 )
At 31 March 2025 730 16,062 16,792
NET BOOK VALUE
At 31 March 2025 2,620 26,873 29,493
At 31 March 2024 3,082 2,818 5,900

BAAP Limited (Registered number: 05503124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 8,266 12,291
Other debtors 72 700
VAT 1,516 -
Prepayments 4,214 3,906
14,068 16,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 12,711 6,756
Tax 230 4,612
Social security and other taxes 1,259 1,433
VAT - 3,254
Other creditors 286 290
Directors' current accounts 12,684 11,109
Accrued expenses 1,050 1,030
28,220 28,484

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1.00 100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,417 (2024 - £9,500) were paid to the director .