Bangla Pride (Telford) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09462664 (England and Wales)

Bangla Pride (Telford) Limited

Unaudited Financial Statements for the Year Ended 28 February 2021

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

22,643

10,832

CURRENT ASSETS

Stocks

3,311

2,479

Debtors

5

9,348

739

Cash at bank and in hand

7,020

8,176

19,679

11,394

CREDITORS

Amounts falling due within one year

6

(14,947

)

(18,610

)

NET CURRENT ASSETS/(LIABILITIES)

4,732

(7,216

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,375

3,616

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,275

3,516

27,375

3,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 15 October 2021 and were signed by:

Fazlul Karim - Director

1.	STATUTORY INFORMATION

Bangla Pride (Telford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09462664

Registered office:

69 Market Street

Oakengates

Telford

Shropshire

TF2 6EA

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Government grants

Government small business support grant and Coronavirus Job Retention Scheme grant were received during the year and recognised in other operating income.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 29 February 2020

11,409

5,500

16,909

Additions

7,128

9,000

16,128

At 28 February 2021

18,537

14,500

33,037

DEPRECIATION

At 29 February 2020

5,619

458

6,077

Charge for year

2,584

1,733

4,317

At 28 February 2021

8,203

2,191

10,394

NET BOOK VALUE

At 28 February 2021

10,334

12,309

22,643

At 28 February 2020

5,790

5,042

10,832

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

2,470

739

Other debtors

6,878

-

9,348

739

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

147

1,167

Taxation and social security

8,968

7,690

Other creditors

5,832

9,753

14,947

18,610

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2021 and 28 February 2020:

2021

2020

£

£

Fazlul Karim

Balance outstanding at start of year

-

-

Amounts advanced

6,878

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,878

-

8.	RELATED PARTY DISCLOSURES

The loan was unsecured, interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Fazlul Karim.