Baulogic UK Ltd
Baulogic UK Ltd
Unaudited Financial Statements
For The Year Ended
31 March 2023
Baulogic UK Ltd
Unaudited Financial Statements
For The Year Ended
31 March 2023
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Page 1
Baulogic UK Ltd
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
12114104
For the year ending 31 March 2023 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.
31 March 2023 | 31 March 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 7 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 8 |
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NET LIABILITIES |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (127,077) | (36,871) | |||
Page 1
Page 2
Baulogic UK Ltd
Balance Sheet (continued)
As At
31 March 2023
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Baulogic UK Ltd
Notes to the Financial Statements
For The Year Ended
31 March 2023
Notes to the Financial Statements
1.
General Information
Baulogic UK Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12114104
. The registered office is 15-16 Brook's Mews, London, W1K 4DS.
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.
2.3.
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:
Fixtures & Fittings |
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2.4.
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.
2.5.
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.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:0 NIL (2022: NIL)
4.
Tangible Assets
Fixtures & Fittings | |
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£ | |
Cost | |
As at
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Additions |
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As at
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Depreciation | |
As at
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Provided during the period |
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As at
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Net Book Value | |
As at
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As at
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Page 3
Page 4
Baulogic UK Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2023
5.
Stocks
31 March 2023 | 31 March 2022 | ||
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£ | £ | ||
Stock |
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6.
Debtors
31 March 2023 | 31 March 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Deferred tax current asset | - | 12,291 | |
VAT |
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7.
Creditors: Amounts Falling Due Within One Year
31 March 2023 | 31 March 2022 | ||
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£ | £ | ||
Trade creditors |
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Other creditors |
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Accruals and deferred income |
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8.
Creditors: Amounts Falling Due After More Than One Year
31 March 2023 | 31 March 2022 | ||
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£ | £ | ||
Amounts owed to group undertakings |
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9.
Share Capital
31 March 2023 | 31 March 2022 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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Page 4