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Registered number: 07185664
Bapia Ltd
ABRIDGED Financial Statements
For The Year Ended 31 March 2026
Brooks Carling Accountants Ltd
Reporting accountants
The Studio, 1 Canons Lane
Burgh Heath
KT20 6DP
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 07185664
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,000 8,000
Tangible Assets 5 23,785 29,544
Investments 6 69,176 29,845
98,961 67,389
CURRENT ASSETS
Stocks 16,957 -
Debtors 58,013 59,398
Cash at bank and in hand 344,358 387,665
419,328 447,063
Creditors: Amounts Falling Due Within One Year (184,669 ) (194,928 )
NET CURRENT ASSETS (LIABILITIES) 234,659 252,135
TOTAL ASSETS LESS CURRENT LIABILITIES 333,620 319,524
Creditors: Amounts Falling Due After More Than One Year (28,961 ) (29,470 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,519 ) (5,613 )
NET ASSETS 300,140 284,441
CAPITAL AND RESERVES
Called up share capital 8 20 20
Profit and Loss Account 300,120 284,421
SHAREHOLDERS' FUNDS 300,140 284,441
Page 1
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For the year ending 31 March 2026 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
J A Bowler
Director
28 October 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Bapia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07185664 . The registered office is Unit 12 Fairview Estate, Newtown Road, Henley On Thames, Oxfordshire, RG9 1HG.
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 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 4)
5 4
4. Intangible Assets
Total
£
Cost
As at 1 April 2025 10,000
As at 31 March 2026 10,000
Amortisation
As at 1 April 2025 2,000
Provided during the period 2,000
As at 31 March 2026 4,000
Net Book Value
As at 31 March 2026 6,000
As at 1 April 2025 8,000
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Page 5
5. Tangible Assets
Total
£
Cost
As at 1 April 2025 76,370
Additions 4,246
Disposals (4,375 )
As at 31 March 2026 76,241
Depreciation
As at 1 April 2025 46,826
Provided during the period 10,005
Disposals (4,375 )
As at 31 March 2026 52,456
Net Book Value
As at 31 March 2026 23,785
As at 1 April 2025 29,544
6. Investments
Total
£
Cost or Valuation
As at 1 April 2025 29,845
Revaluations 39,331
As at 31 March 2026 69,176
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 69,176
As at 1 April 2025 29,845
7. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 509 3,411
Later than one year and not later than five years 28,961 29,470
29,470 32,881
29,470 32,881
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8. Share Capital
2026 2025
£ £
Called Up Share Capital not Paid 2 2
Called Up Share Capital has been paid up 18 18
Amount of Allotted, Called Up Share Capital 20 20
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