BAANX GROUP LTD

BAANX GROUP LTD

BAANX GROUP LTD - Company Information

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BAANX GROUP LTD

Company Registration Number:
11155938 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

BAANX GROUP LTD

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

BAANX GROUP LTD

Balance sheet

As at 30 June 2021


Notes
2021
2020


£
£
Fixed assets
Intangible assets: 3 2,210,500 2,210,500
Tangible assets: 4 12,881 12,881
Total fixed assets: 2,223,381 2,223,381
Current assets
Stocks: 5,756,845 0
Debtors:   3,422,176 11,401
Cash at bank and in hand: 1,650,711 763
Total current assets: 10,829,732 12,164
Creditors: amounts falling due within one year:   (1,334,304) (211,642)
Net current assets (liabilities): 9,495,428 (199,478)
Total assets less current liabilities: 11,718,809 2,023,903
Creditors: amounts falling due after more than one year:   (9,682,516) 0
Total net assets (liabilities): 2,036,293 2,023,903
Capital and reserves
Called up share capital: 340,424 340,424
Share premium account: 1,522,676 1,522,676
Profit and loss account: 173,193 160,803
Shareholders funds: 2,036,293 2,023,903

The notes form part of these financial statements

BAANX GROUP LTD

Balance sheet statements

For the year ending 30 June 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 August 2021
and signed on behalf of the board by:

Name: Mark Evans
Status: Director

The notes form part of these financial statements

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 2020
Average number of employees during the period 15 10

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Intangible Assets

Total
Cost £
At 01 July 2020 2,210,500
At 30 June 2021 2,210,500
Net book value
At 30 June 2021 2,210,500
At 30 June 2020 2,210,500

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

4. Tangible Assets

Total
Cost £
At 01 July 2020 12,881
At 30 June 2021 12,881
Net book value
At 30 June 2021 12,881
At 30 June 2020 12,881