Baba Works Limited Company accounts

BABA WORKS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05913278

Baba Works Limited

Unaudited Financial Statements

31 August 2018

Baba Works Limited

Financial Statements

Year ended 31 August 2018

Contents	Pages

Officers and professional advisers	1

Director's report	2

Statement of financial position	3

Notes to the financial statements	4

The following pages do not form part of the financial statements

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	6

Baba Works Limited

Officers and Professional Advisers

Director	J W F Snell

Company secretary	Mrs G E Snell

Registered office	Longcroft
	Stone Lane
	Yeovil
	Somerset
	BA21 3NU

Accountants	Chalmers & Co (SW) Limited
	Chartered accountant
	Trading as Chalmers & Co
	Magnolia House
	Princes Street
	YEOVIL
	Somerset
	BA20 1EP

Bankers	National Westminster
	740 Waterside Drive
	Aztec West
	Almonsbury
	Bristol
	BS99 5BD

Solicitors	Batten & Co
	Mansion House
	Princes Street
	Somerset
	YEOVIL

Baba Works Limited

Director's Report

Year ended 31 August 2018

The director presents his report and the unaudited financial statements of the company for the year ended 31 August 2018 .

Principal activities

The company did not trade during the year. There remains the possibility, considered by the director to be remote, of an additional sum becoming receivable from a past transaction.

Director

The director who served the company during the year was as follows:

J W F Snell

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 28 May 2019 and signed on behalf of the board by:

Mrs G E Snell

Company Secretary

Registered office:

Longcroft

Stone Lane

Yeovil

Somerset

BA21 3NU

Baba Works Limited

Statement of Financial Position

31 August 2018

	2018		2017
Note	£	£	£

Current assets

Cash at bank and in hand	4		4

Creditors: amounts falling due within one year	4	( 66)		( 66)
		----		----
Net current assets			70	70
			----	----
Total assets less current liabilities			70	70
			----	----

Capital and reserves

Called up share capital	2	2
Profit and loss account	68	68
	----	----
Shareholder funds	70	70
	----	----

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 May 2019 , and are signed on behalf of the board by:

J W F Snell
Director

Company registration number: 05913278

Baba Works Limited

Notes to the Financial Statements

Year ended 31 August 2018

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Longcroft, Stone Lane, Yeovil, Somerset, BA21 3NU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Creditors: amounts falling due within one year

	2018	2017
	£	£
Other creditors	( 66)	( 66)
	----	----

5. Related party transactions

The company was under the control of the director throughout the current period, who assumed liability for all sums due by the company.

Baba Works Limited

Management Information

Year ended 31 August 2018

The following pages do not form part of the financial statements.

Baba Works Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Baba Works Limited

Year ended 31 August 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baba Works Limited for the year ended 31 August 2018, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Baba Works Limited in accordance with the terms of our engagement letter dated 27 September 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Baba Works Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baba Works Limited and its director for our work or for this report.

It is your duty to ensure that Baba Works Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baba Works Limited. You consider that Baba Works Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Baba Works Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chalmers & Co (SW) Limited Chartered accountant

Trading as Chalmers & Co Magnolia House Princes Street YEOVIL Somerset BA20 1EP

28 May 2019