Registered number
14367922
BARAZ LIMITED
Filleted Accounts
30 September 2024
BARAZ LIMITED
Registered number: 14367922
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Stocks 2,011,978 332,450
Debtors 3 22,530 14,504
Cash at bank and in hand 27,216 82,498
2,061,724 429,452
Creditors: amounts falling due within one year 4 (10,673) (8,730)
Net current assets 2,051,051 420,722
Total assets less current liabilities 2,051,051 420,722
Creditors: amounts falling due after more than one year 5 (2,192,872) (440,781)
Net liabilities (141,821) (20,059)
Capital and reserves
Called up share capital 20 20
Profit and loss account (141,841) (20,079)
Shareholders' funds (141,821) (20,059)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohinder Daggar
Director
Approved by the board on 26 June 2025
BARAZ LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors 22,530 14,504
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,123 2,994
Other creditors 4,550 5,736
10,673 8,730
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 2,192,872 440,781
6 Other information
BARAZ LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Middlegreen Road
Slough
Berkshire
Sl3 7BN
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