Company Registration No. 10931949 (England and Wales)
BCEL Ltd
Unaudited accounts
for the year ended 31 December 2022
BCEL Ltd
Unaudited accounts
Contents
BCEL Ltd
Company Information
for the year ended 31 December 2022
Company Number
10931949 (England and Wales)
Registered Office
11 BRESSENDEN PLACE
WESTMINSTER
LONDON
SW1E 5BY
ENGLAND
BCEL Ltd
Statement of financial position
as at 31 December 2022
Debtors
3,763,419
5,998,565
Cash at bank and in hand
876,317
2,437,317
Creditors: amounts falling due within one year
(5,208,025)
(9,254,335)
Net current liabilities
(568,289)
(818,453)
Total assets less current liabilities
(568,246)
(817,076)
Creditors: amounts falling due after more than one year
(3,160,069)
(2,727,759)
Net liabilities
(3,728,315)
(3,544,835)
Called up share capital
136
136
Profit and loss account
(3,728,451)
(3,544,971)
Shareholders' funds
(3,728,315)
(3,544,835)
For the year ending 31 December 2022 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Mark Stephens
Director
Company Registration No. 10931949
BCEL Ltd
Notes to the Accounts
for the year ended 31 December 2022
BCEL Ltd is a private company, limited by shares, registered in England and Wales, registration number 10931949. The registered office is 11 BRESSENDEN PLACE, WESTMINSTER, LONDON, SW1E 5BY, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in subsidiaries, joint ventures and associated companies
Investments in subsidiaries, joint ventures and associated companies are stated at cost less accumulated impairment losses in the Company’s balance sheet. On disposal of investments in subsidiaries, joint ventures and associated companies, the difference between net disposal proceeds and the carrying amount of the investment is taken to the income statement.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
2 years Straight Line
BCEL Ltd
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 January 2022
30
Valuation at 31 December 2022
43
Amounts falling due within one year
Trade debtors
2,763,419
4,931,299
Accrued income and prepayments
-
42,032
Other debtors
1,000,000
1,000,000
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
213,933
338,310
Taxes and social security
279,327
377,239
Accrued preference dividends
29,514
16,408
Other creditors
4,639,459
8,230,359
Loans from directors
-
52,085
Deferred income
43,720
51,450
BCEL Ltd
Notes to the Accounts
for the year ended 31 December 2022
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
2,435,683
2,275,958
Non-equity preference shares
590,000
320,000
Loans from directors
134,386
131,801
9
Average number of employees
During the year the average number of employees was 2 (2021: 4).