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REGISTERED NUMBER: 10792131 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

BIM 73 Ltd

BIM 73 Ltd (Registered number: 10792131)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIM 73 Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr I Cutter





REGISTERED OFFICE: Durham Workspace
Abbey Road Business Park
Pity Me
Co. Durham
DH1 5JZ





REGISTERED NUMBER: 10792131 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

BIM 73 Ltd (Registered number: 10792131)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,682 50,461

CURRENT ASSETS
Stocks 17,698 21,862
Debtors 5 46,869 13,510
Cash at bank 16,160 29,995
80,727 65,367
CREDITORS
Amounts falling due within one year 6 55,662 41,346
NET CURRENT ASSETS 25,065 24,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,747

74,482

CREDITORS
Amounts falling due after more than one
year

7

(53,099

)

(64,293

)

PROVISIONS FOR LIABILITIES (6,590 ) (9,588 )
NET ASSETS 58 601

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 8 551
58 601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

BIM 73 Ltd (Registered number: 10792131)

Balance Sheet - continued
31 May 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 February 2024 and were signed by:





Mr I Cutter - Director


BIM 73 Ltd (Registered number: 10792131)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

BIM 73 Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

BIM 73 Ltd (Registered number: 10792131)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 68,835
Additions 1,884
At 31 May 2023 70,719
DEPRECIATION
At 1 June 2022 18,374
Charge for year 17,663
At 31 May 2023 36,037
NET BOOK VALUE
At 31 May 2023 34,682
At 31 May 2022 50,461

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,278 13,510
Other debtors 17,591 -
46,869 13,510

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,136 11,136
Hire purchase contracts 6,843 6,843
Trade creditors 12,623 4,256
Taxation and social security 14,847 5,439
Other creditors 10,213 13,672
55,662 41,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,513 28,864
Hire purchase contracts 28,586 35,429
53,099 64,293

BIM 73 Ltd (Registered number: 10792131)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr I Cutter
Balance outstanding at start of year (30 ) 3,128
Amounts advanced 27,759 21,082
Amounts repaid (12,699 ) (24,240 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,030 (30 )

Interest has been charged on the above loan at 2%.