Bas Global Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09344865

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		389		511

			389		511
CURRENT ASSETS
Stocks	5	3,125		3,125
Cash at bank and in hand		275		6,581

		3,400		9,706
Creditors: Amounts Falling Due Within One Year	6	(11,739 )		(10,431 )

NET CURRENT ASSETS (LIABILITIES)			(8,339 )		(725 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,950 )		(214 )

Creditors: Amounts Falling Due After More Than One Year	7		-		(7,338 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(88 )		(102 )

NET LIABILITIES			(8,038 )		(7,654 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(8,138 )		(7,754 )

SHAREHOLDERS' FUNDS			(8,038)		(7,654)

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Bas Global Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 Sajin Jacob

Director

03/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Bas Global Limited Registered number 09344865 is a limited by shares company incorporated in England & Wales. The Registered Office is 71 Far Gosford Street, Coventry, CV1 5DZ.

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. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	15% on reducing balance.
Computer Equipment	25% on reducing balance.

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Bas Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	260	1,400	1,660

As at 31 December 2024	260	1,400	1,660

Depreciation
As at 1 January 2024	200	949	1,149
Provided during the period	9	113	122

As at 31 December 2024	209	1,062	1,271

Net Book Value
As at 31 December 2024	51	338	389

As at 1 January 2024	60	451	511

5. Stocks

	2024	2023
	£	£
Finished goods	3,125	3,125

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	150	150
Government grants within one year	-	5,162
Director's loan account	11,589	5,119

	11,739	10,431

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Government grants after one year	-	7,338

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	88	102

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

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