Registered Number
:
03682012
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2020
Baytree Labs Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Baytree Labs Ltd
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
29,991
37,861
2
29,991
37,861
Trade and other receivables
|
106,653
120,166
3
17
Cash and cash equivalents
|
17
120,183
106,670
Trade and other payables
:
amounts falling due within one year
|
(294,505)
(219,129)
4
(187,835)
(98,946)
Net current liabilities
Total assets less current liabilities
|
(68,955)
(149,974)
Trade and other payables
:
amounts falling due after more than one
|
year
|
(79,563)
(54,478)
5
(123,433)
Net liabilities
(229,537)
2
2
(123,435)
(229,539)
(123,433)
(229,537)
Shareholders' funds
For the year ended 31 March 2020 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 31 March 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his 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.
|
These financial statements were approved and authorised for issue by the Board on 17 March 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2020
Baytree Labs Ltd
Notes to the Financial Statements
Statutory Information
Baytree Labs Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
03682012
.
|
Principal place of business
:
|
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Unit 21 Kingspark Business Centre
152-178 Kingston Road
New Malden
Surrey
KT3 3ST
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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
.
|
The financial statements have also 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
.
|
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
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:
|
Computer equipt and web-site
Furniture,fixtures & equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 March 2020
Baytree Labs Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Computer
|
equipt and
|
web
-
site
|
Furniture
,
fixtur
|
es
&
equipment
|
86,765
62,690
24,075
3,981
3,981
-
24,075
66,671
90,746
Provision for depreciation and impairment
|
48,904
37,626
11,278
Charge for year
11,851
9,294
2,557
60,755
46,920
13,835
10,240
19,751
29,991
12,797
25,064
37,861
3
.
Trade and other receivables
|
2019
2020
113,816
96,303
6,350
10,350
106,653
120,166
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
4,065
10,113
-
42,720
Taxation and social security
|
38,765
10,766
176,299
230,906
219,129
294,505
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
54,478
79,563
3 of 4
For the year ended 31 March 2020
Baytree Labs Ltd
Notes to the Financial Statements Continued
6
.
Related party transactions
|
Mr Mitul Thobhani is a director of Baytree Media Group Limited and has a material shareholding in that company
.
|
During the year
,
the company made management consultancy charge of £
1
,
000
(
2019
:
£
54
,
000
)
to Baytree Media Group
|
Limited
.
|
The company is controlled by its director
,
Mr Mitul Thobhani
,
by virtue of his
100
%
shareholding in the company
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 4 (2019 : 2)
4 of 4