Registered Number
:
03682012
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
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
2017
2018
Property
,
plant and equipment
|
38,599
14,764
2
38,599
14,764
Trade and other receivables
|
186,603
60,308
3
437
Cash and cash equivalents
|
17
60,325
187,040
Trade and other payables
:
amounts falling due within one year
|
(146,796)
(220,331)
4
40,244
(160,006)
Net current liabilities
Total assets less current liabilities
|
(121,407)
55,008
Trade and other payables
:
amounts falling due after more than one
|
year
|
(14,251)
(111,391)
5
(232,798)
Net assets/liabilities
40,757
2
2
(232,800)
40,755
(232,798)
40,757
Shareholders' funds
For the year ended 31 March 2018 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 2018 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 28 December 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2018
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 comprises the invoiced value of services supplied by the company, net of Value Added Tax.
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 2018
Baytree Labs Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Computer
|
equipt and
|
web
-
site
|
Furniture
,
fixtur
|
es
&
equipment
|
43,518
33,880
9,638
29,715
16,443
13,272
22,910
50,323
73,233
Provision for depreciation and impairment
|
28,754
23,530
5,224
Charge for year
5,880
2,929
2,951
34,634
26,459
8,175
14,735
23,864
38,599
4,414
10,350
14,764
3
.
Trade and other receivables
|
2017
2018
15,900
171,104
44,408
15,499
186,603
60,308
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
7,260
-
60,247
17,865
Taxation and social security
|
23,892
56,095
128,932
72,836
220,331
146,796
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
111,391
14,251
3 of 4
For the year ended 31 March 2018
Baytree Labs Ltd
Notes to the Financial Statements Continued
6
.
Related party transactions
|
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 7 (2017 : 4)
4 of 4