ASEL BARIS LTD - Filleted accounts

Registered number

14463638

ASEL BARIS LTD

Filleted Accounts

30 November 2024

ASEL BARIS LTD
Registered number:		14463638
Balance Sheet
as at 30 November 2024

Notes			2024			2023
£				£
Current assets
Stocks		3,568			-
Debtors	3	5,719			7,766
Cash at bank and in hand		14,905			22,779
		24,192			30,545

Creditors: amounts falling due within one year	4	(70,274)			(29,049)

Net current (liabilities)/assets			(46,082)			1,496

Net (liabilities)/assets			(46,082)			1,496

Capital and reserves
Called up share capital			100			100
Profit and loss account			(46,182)			1,396

Shareholders' funds			(46,082)			1,496

The directors are 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 directors acknowledge their 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.




Mr Uzaifa Katende
Director
Approved by the board on 22 September 2025

ASEL BARIS LTD
Notes to the Accounts
for the year ended 30 November 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		4		4


3	Debtors		2024		2023
£				£

	Trade debtors		5,719		7,766




4	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		37,355		9,062
	Taxation and social security costs		31,431		18,499
	Other creditors		1,488		1,488
			70,274		29,049


5	Related party transactions

	Mr Uzaifa Katende Active


6	Other information

	ASEL BARIS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	183 Angel Place
	Fore Street
	London
	UK
	N18 2UD