| Registered Number:08491221 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
Babol Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
810
515
3
810
515
| Trade and other receivables |
22,443
17,067
4
43,634
| Cash and cash equivalents |
24,870
41,937
66,077
| Trade and other payables: amounts falling due within one year |
(98,535)
(36,472)
5
(32,458)
5,465
Net current assets
| Total assets less current liabilities |
6,275
(31,943)
| Trade and other payables: amounts falling due after more than |
| one year |
(900)
(14,381)
6
(8,106)
Net liabilities
(32,843)
100
100
(8,206)
(32,943)
(8,106)
(32,843)
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 26 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Babol Limited
Notes to the Financial Statements
Statutory Information
| Babol Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 08491221. |
Unit 3 Norton Road
Broomhall
Worcester
England
WR5 2QR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
| The financial statements have been prepared under the historical costs convention. |
| The directors believe the preparation of the accounts on a going concern basis is appropriate. They have confirmed financial |
| support will be provided to enable the company to meet its ongoing financial liabilities. The policy was in effect for the |
| financial year and will remain in effect for a period ending no sooner than 12 months from the date the accounts are approved |
| by the board. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 December 2024
Babol Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
500
500
500
500
-
-
| 3. Property, plant and equipment |
27,138
26,582
556
640
640
-
556
27,222
27,778
| Provision for depreciation and impairment |
26,623
26,496
127
Charge for year
345
206
139
26,968
26,702
266
290
520
810
429
86
515
| 4. Trade and other receivables |
2023
2024
17,067
24,049
-
(1,606)
22,443
17,067
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For the year ended 31 December 2024
Babol Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
16,236
78,014
| Taxation and social security |
13,736
20,021
6,500
500
36,472
98,535
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
14,381
900
| 7. Average number of persons employed |
During the year the average number of employees was 0.
| The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have |
| been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the |
| transition to Section 1A of Financial Reporting Standard 102. |
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