| Registered Number:04199471 |
For the year ended 30 April 2019
England and Wales
Unaudited Financial Statements
Babble IT Systems Ltd
Statement of Financial Position
2018
2019
| Property, plant and equipment |
340,372
350,122
2
340,372
350,122
| Trade and other receivables |
61,869
105,000
3
96,963
| Cash and cash equivalents |
61,240
166,240
158,832
| Trade and other payables: amounts falling due within one |
| year |
(20,972)
(24,419)
4
137,860
141,821
Net current assets
| Total assets less current liabilities |
482,193
487,982
482,193
Net assets
487,982
185
185
482,008
487,797
482,193
487,982
Shareholders' funds
| For the year ended 30 April 2019 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 of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Sean Adrian Davin Director |
| These financial statements were approved and authorised for issue by the Board on 09 January 2020 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 April 2019
Babble IT Systems Ltd
Notes to the Financial Statements
Statutory Information
| Babble IT Systems Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 04199471. |
40 Theynes Croft
Long Ashton
Bristol
BS41 9NA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
| 2. Property, plant and equipment |
Motor vehicles
383,317
30,550
34,995
6,652
311,120
6,652
34,995
30,550
383,317
311,120
| Provision for depreciation and impairment |
33,195
25,021
2,916
5,258
-
Charge for year
9,750
1,382
8,020
348
-
42,945
26,403
10,936
5,606
-
311,120
1,046
24,059
4,147
340,372
311,120
1,394
32,079
5,529
350,122
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For the year ended 30 April 2019
Babble IT Systems Ltd
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2018
2019
| Amounts owed by group undertakings and participating interests |
50,000
50,000
55,000
11,869
61,869
105,000
| 4. Trade and other payables: amounts falling due within one year |
2018
2019
731
731
| Taxation and social security |
5,807
3,157
17,881
17,084
24,419
20,972
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