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REGISTERED NUMBER: 05014062 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

BIPIN ENTERPRISES LIMITED

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIPIN ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: B Z Pala





SECRETARY: Mrs J Pala





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 05014062 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 22,500
Tangible assets 5 3,915 5,220
18,915 27,720

CURRENT ASSETS
Stocks 6 1,135,000 993,810
Debtors 7 75,738 102,466
Cash at bank and in hand 102,220 11,180
1,312,958 1,107,456
CREDITORS
Amounts falling due within one year 8 572,012 453,490
NET CURRENT ASSETS 740,946 653,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,861

681,686

CREDITORS
Amounts falling due after more than one
year

9

31,667

40,833
NET ASSETS 728,194 640,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 728,094 640,753
SHAREHOLDERS' FUNDS 728,194 640,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





B Z Pala - Director


BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Bipin Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over years
Fixtures and fittings - 25% reducing balance

Government grants
Amounts received under The Coronavirus Job Retention Scheme (CJRS) Grant are recognised as income based on the accrual model. During the year the company has recognised £15,445 as income in the profit and loss account.

The company has also recognised £123 as income in the profit and loss account which is business interruption payment received from Bank towards the Bounce Back Loan.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 150,000
AMORTISATION
At 1 April 2021 127,500
Amortisation for year 7,500
At 31 March 2022 135,000
NET BOOK VALUE
At 31 March 2022 15,000
At 31 March 2021 22,500

5. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 50,000 18,930 68,930
DEPRECIATION
At 1 April 2021 50,000 13,710 63,710
Charge for year - 1,305 1,305
At 31 March 2022 50,000 15,015 65,015
NET BOOK VALUE
At 31 March 2022 - 3,915 3,915
At 31 March 2021 - 5,220 5,220

6. STOCKS
2022 2021
£    £   
Finished goods 1,135,000 993,810

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 12,736 34,775
Amounts owed by connected company 63,002 63,002
Other debtors - 1,694
VAT - 2,995
75,738 102,466

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 9,167
Trade creditors 479,297 410,244
Corporation Tax payable 19,042 7,162
Social security and other taxes 2,875 7,163
VAT 20,918 -
Other creditors 161 207
Director's current account 32,554 11,762
Accrued expenses 7,165 7,785
572,012 453,490

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 21,667 30,000
Bank Loans due after more than
5 years - 833
31,667 40,833

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years - 833
- 833

10. RELATED PARTY DISCLOSURES

Included in creditors as at 31 March 2022 is £32,554 (2021: £11,762) an amount due to the director of the company. There are no specific terms of repayment.

Included in debtors as at 31 March 2022 is £63,002 (2021: £63.002) an amount due from Infosec Consultants Limited. Bipin Enterprises Limited and Infosec Consultants Limited are related by virtue of common directorship.

During the year the company paid rent in a sum of £28,000 (2021: £28,000) to the director, Mr B.Z. Pala.

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the director and his family by virtue of holding 100% of the issued share capital.