Company Registration No. 06652628 (England and Wales)
BAAY RESOURCES UK LIMITED
Unaudited accounts
for the year ended 31 July 2017
BAAY RESOURCES UK LIMITED
Unaudited accounts
Contents
BAAY RESOURCES UK LIMITED
Company Information
for the year ended 31 July 2017
Directors
Bamidele Funmilola Akinwe
Godwin Oshiogwe
Company Number
06652628 (England and Wales)
Registered Office
115 BOOTHS FARM ROAD
BIRMINGHAM
B42 2NU
BAAY RESOURCES UK LIMITED
Statement of financial position
as at
31 July 2017
Cash at bank and in hand
3,555
3,555
Creditors: amounts falling due within one year
(2,943)
(2,943)
Net current assets
1,688
1,688
Total assets less current liabilities
1,688
1,688
Creditors: amounts falling due after more than one year
(5,500)
(5,500)
Net liabilities
(3,812)
(3,812)
Called up share capital
2,500
2,500
Profit and loss account
(6,312)
(6,312)
Shareholders' funds
(3,812)
(3,812)
For the year ending 31 July 2017 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 April 2018.
Bamidele Funmilola Akinwe
Director
Company Registration No. 06652628
BAAY RESOURCES UK LIMITED
Notes to the Accounts
for the year ended 31 July 2017
BAAY RESOURCES UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06652628. The registered office is 115 BOOTHS FARM ROAD, BIRMINGHAM, B42 2NU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Trade debtors
1,076
1,076
5
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
2,943
2,943
6
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
5,500
5,500
7
Share capital
2017
2016
Allotted, called up and fully paid:
2,500 Ordinary shares of £1 each
2,500
2,500
BAAY RESOURCES UK LIMITED
Notes to the Accounts
for the year ended 31 July 2017
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).