REGISTERED NUMBER: 11934852 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Baqueano Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Pautasso

A M Torrembo

REGISTERED OFFICE:

125 Western Road

Brighton

East Sussex

BN1 2AD

REGISTERED NUMBER:

11934852 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

4

52,507

46,438

CURRENT ASSETS

Stocks

41,000

9,800

Debtors

5

83,674

105,457

Cash at bank and in hand

16,828

10,944

141,502

126,201

CREDITORS

Amounts falling due within one year

6

174,875

128,124

NET CURRENT LIABILITIES

(33,373

)

(1,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,134

44,515

CREDITORS

Amounts falling due after more than one year

7

(9,442

)

(10,045

)

PROVISIONS FOR LIABILITIES

(9,005

)

-

NET ASSETS

687

34,470

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

587

34,370

SHAREHOLDERS' FUNDS

687

34,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

A M Torrembo - Director

J D Pautasso - Director

1.	STATUTORY INFORMATION

Baqueano Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

42,800

22,856

7,977

Additions

-

9,144

-

At 31 March 2025

42,800

32,000

7,977

DEPRECIATION

At 1 April 2024

19,257

7,188

1,124

Charge for year

8,556

5,520

1,714

At 31 March 2025

27,813

12,708

2,838

NET BOOK VALUE

At 31 March 2025

14,987

19,292

5,139

At 31 March 2024

23,543

15,668

6,853

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

-

800

74,433

Additions

14,995

-

24,139

At 31 March 2025

14,995

800

98,572

DEPRECIATION

At 1 April 2024

-

426

27,995

Charge for year

2,187

93

18,070

At 31 March 2025

2,187

519

46,065

NET BOOK VALUE

At 31 March 2025

12,808

281

52,507

At 31 March 2024

-

374

46,438

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Other debtors

2,843

-

Amounts falling due after more than one year:

Other debtors

80,831

105,457

Aggregate amounts

83,674

105,457

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,584

9,584

Hire purchase contracts

4,733

-

Trade creditors

27,744

24,254

Taxation and social security

47,274

57,738

Other creditors

85,540

36,548

174,875

128,124

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,429

10,045

Hire purchase contracts

8,013

-

9,442

10,045

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need

not be given for related party transactions concluded under normal market conditions, or transactions

entered into between two or more members of a group, provided that any subsidiary which is party to

the transactions is wholly-owned by such a member.