For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03682012
Baytree Labs Ltd
For the year ended 31 March 2016
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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Baytree Labs Ltd
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
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Tangible fixed assets 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:
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Computer Equipment
Furniture,Fixtures & Equipment
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Notes to the Abbreviated Financial Statements
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Baytree Labs Ltd
For the year ended 31 March 2016
26,130
7,551
33,681
24,294
1,474
Charge for year
25,768
7,913
1,836
10
,
000
Ordinary Shares shares of £
1
.
00
each
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Allotted called up and fully paid
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2016
2015
2
Ordinary Shares shares of £
1
.
00
each
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2
2
2
2
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