Bauer Digital Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08520294 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Bauer Digital Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Bunce

SECRETARY:

REGISTERED OFFICE:

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

REGISTERED NUMBER:

08520294 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

CURRENT ASSETS

Stocks

60,160

69,003

Debtors

4

112,261

67,941

Cash at bank

309,447

256,286

481,868

393,230

CREDITORS

Amounts falling due within one year

5

241,245

272,421

NET CURRENT ASSETS

240,623

120,809

TOTAL ASSETS LESS CURRENT LIABILITIES

240,623

120,809

CREDITORS

Amounts falling due after more than one year

6

40,833

-

NET ASSETS

199,790

120,809

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

199,640

120,659

SHAREHOLDERS' FUNDS

199,790

120,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 February 2022 and were signed by:

P Bunce - Director

1.	STATUTORY INFORMATION

Bauer Digital Limited 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - NIL ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

5,253

10,165

Prepayments

107,008

57,776

112,261

67,941

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

9,167

-

Paul Bunce loan

52,953

141,900

Tax

30,270

24,025

VAT

103,655

101,989

Accrued expenses

45,200

4,507

241,245

272,421

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

40,833

-

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2020 - £50,000) were paid to the directors .

Included within creditors, is a balance of £52,953 (2020: £141,900) which is due to Mr P Bunce a director and shareholder of the company.

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.