Baig Furnishing Ltd

Baig Furnishing Ltd
Contents Page
For the year ended 30 November 2024

Company information	1
Directors' report	2
Accountants' report	3
Statement of financial position	4
Notes to the financial statements	5
Statement of changes in equity	6

Baig Furnishing Ltd
Company Information
For the year ended 30 November 2024

Directors	Joel Jr Galang Velasco Mirza Zahir Aftab Mercado Baig
Registered Number	13752622
Registered Office	3 Balliol Mews Newcastle Upon Tyne England NE12 8BF
Accountants	Acumen Accounting 364 West Road Newcastle Upon Tyne Tyne & Wear NE4 9JY

1

Baig Furnishing Ltd
Directors' Report
For the year ended 30 November 2024

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 30 November 2024.

Principal activities

Principal activity of the company during the financial year end 30 November 2024 was of Repair of furniture and home furnishings.

Directors

The directors who served the company throughout the year were as follows:

Joel Jr Galang Velasco

Mirza Zahir Aftab Mercado Baig

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Mirza Zahir Aftab Mercado Baig
Director

Date approved: 30 October 2025

2

Baig Furnishing Ltd Accountants' Report For the year ended 30 November 2024
Accountant’s report You consider that the company is exempt from an audit for the year ended 30 November 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Acumen Accounting 30 November 2024 .................................................... Acumen Accounting 364 West Road Newcastle Upon Tyne Tyne & Wear NE4 9JY 30 October 2025 3

Baig Furnishing Ltd
Accountants' Report
For the year ended 30 November 2024

Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Acumen Accounting
30 November 2024

....................................................
Acumen Accounting
364 West Road
Newcastle Upon Tyne
Tyne & Wear
NE4 9JY
30 October 2025

3

Baig Furnishing Ltd
Statement of Financial Position
As at 30 November 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	4,356	5,013
		4,356	5,013
Current assets
Stocks	4	470	470
Cash at bank and in hand		5	13,646
		475	14,116
Creditors: amount falling due within one year	5	(5,111)	(21,392)
Net current assets		(4,636)	(7,276)

Total assets less current liabilities		(280)	(2,263)
Net assets		(280)	(2,263)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(380)	(2,363)
Shareholders' funds		(280)	(2,263)

For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors on 30 October 2025 and were signed on its behalf by:

-------------------------------
Joel Jr Galang Velasco
Director

4

Baig Furnishing Ltd
Statement of Changes in Equity
For the year ended 30 November 2024

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 December 2022	100	5,497	5,597
Profit for the year		(7,860)	(7,860)
Total comprehensive income for the year	-	(7,860)	(7,860)
Total investments by and distributions to owners	-	-	-
At 30 November 2023	100	(2,363)	(2,263)
At 01 December 2023	100	(2,363)	(2,263)
Profit for the year		1,983	1,983
Total comprehensive income for the year	-	1,983	1,983
Total investments by and distributions to owners	-	-	-
At 30 November 2024	100	(380)	(280)

5

Baig Furnishing Ltd
Notes to the Financial Statements
For the year ended 30 November 2024

General Information

Baig Furnishing Ltd is a private company, limited by shares, registered in , registration number 13752622, registration address 3 Balliol Mews, Newcastle Upon Tyne, England, NE12 8BF.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

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

Tangible fixed assets

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:

Plant and Machinery	10% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	10% Reducing Balance
Computer Equipment	10% Reducing Balance

Stocks

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.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2023 : 1).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 December 2023	2,038	1,568	756	1,034	5,396
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
At 30 November 2024	2,038	1,568	756	1,034	5,396
Depreciation
At 01 December 2023	204	-	76	103	383
Charge for year	183	313	68	93	657
On disposals	-	-	-	-	-
At 30 November 2024	387	313	144	196	1,040
Net book values
Closing balance as at 30 November 2024	1,651	1,255	612	838	4,356
Opening balance as at 01 December 2023	1,834	1,568	680	931	5,013

4.

Stocks

	2024 £		2023 £
Stocks	470		470
	470		470

5.

Creditors: amount falling due within one year

	2024 £	2023 £
Accrued Expenses	250	615
Other Creditors	0	2,000
Directors' Current Accounts	2,358	18,777
VAT	2,503	0
	5,111	21,392

6.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
100 Class A shares of £1.00 each	100		100
	100		100

6

Registered Number: 13752622

BAIG FURNISHING LTD

Unaudited Financial Statements

Period of accounts Start date: 01 December 2023 End date: 30 November 2024