Registered Number 03682012
BAYTREE LABS LTD
Abbreviated Accounts
31 March 2015
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Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2 Going concern
The company made a loss of £38,459 (2014 : profit £29,893) during the year ended 31st March 2015 and at that date its net current liabilities exceeded its net current assets by £40,163 (2014 : £1,908). The company meets its day to day working capital requirements from interest-free loan from its director.
At the balance sheet date, the amounts of £21,362 (2014 : £41) was owed to the director. The director has confirmed that the amounts owed will continue to be made available until such time as the company is able to repay them.
On this basis, the director consider it appropriate to prepare the accounts on a going concern basis.
1.3 Turnover
Turnover comprises the invoiced value of services supplied by the company net of Value Added Tax.
1.4 Deferred taxation
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date.
Turnover policy
Tangible assets depreciation policy
Furniture, fixtures and equipment at 20% on reducing balance method.
Computer equipment at 33.33% on reducing balance method.
Valuation information and policy
The company is controlled by the director, Mr Mitul Thobhani, by virtue of his 100% shareholding in the company.
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 1,836 |
At 31 March 2014 | 2,040 |