Baba Works Limited Company accounts
Baba Works Limited Company accounts
COMPANY REGISTRATION NUMBER:
05913278
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Financial Statements |
Year ended 31 August 2017
Contents |
Pages |
Officers and professional advisers |
1 |
Director's report |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 to 5 |
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 |
7 |
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Officers and Professional Advisers |
Director |
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Company secretary |
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Registered office |
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Accountants |
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Chartered accountant |
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Trading as Chalmers & Co |
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Magnolia House |
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Princes Street |
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YEOVIL |
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Somerset |
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BA20 1EP |
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Bankers |
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740 Waterside Drive |
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Aztec West |
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Almonsbury |
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Bristol |
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BS99 5BD |
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Solicitors |
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Mansion House |
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Princes Street |
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Somerset |
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YEOVIL |
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Director's Report |
Year ended 31 August 2017
The director presents his report and the unaudited financial statements of the company for the year ended
31 August 2017
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Principal activities
Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
6 March 2018
and signed on behalf of the board by:
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Company Secretary |
Registered office: |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
4 |
(
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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Director's responsibilities:
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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
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
6 March 2018
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Director |
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Company registration number:
05913278
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Notes to the Financial Statements |
Year ended 31 August 2017
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
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.
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
2017 |
2016 |
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£ |
£ |
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Other creditors |
(
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(
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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.
6.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2015.
No transitional adjustments were required in equity or profit or loss for the year.
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Management Information |
Year ended 31 August 2017
The following pages do not form part of the financial statements.
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 August 2017
Trading as Chalmers & Co
Magnolia House
Princes Street
YEOVIL
Somerset
BA20 1EP