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REGISTERED NUMBER: 05014062 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BIPIN ENTERPRISES LIMITED

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIPIN ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: B Z Pala





SECRETARY: Mrs J Pala





REGISTERED OFFICE: 272 Green Street
Forest Gate
London
E7 8LF





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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 15,000
Tangible assets 5 4,218 3,915
11,718 18,915

CURRENT ASSETS
Stocks 6 1,300,000 1,135,000
Debtors 7 90,502 75,738
Cash at bank and in hand 25,609 102,220
1,416,111 1,312,958
CREDITORS
Amounts falling due within one year 8 642,498 572,012
NET CURRENT ASSETS 773,613 740,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

785,331

759,861

CREDITORS
Amounts falling due after more than one year 9 21,667 31,667
NET ASSETS 763,664 728,194

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 763,564 728,094
SHAREHOLDERS' FUNDS 763,664 728,194

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

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

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 14 December 2023 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 2023

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

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.

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 6 (2022 - 7 ) .

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
AMORTISATION
At 1 April 2022 135,000
Amortisation for year 7,500
At 31 March 2023 142,500
NET BOOK VALUE
At 31 March 2023 7,500
At 31 March 2022 15,000

5. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2022 50,000 18,930 68,930
Additions - 1,533 1,533
At 31 March 2023 50,000 20,463 70,463
DEPRECIATION
At 1 April 2022 50,000 15,015 65,015
Charge for year - 1,230 1,230
At 31 March 2023 50,000 16,245 66,245
NET BOOK VALUE
At 31 March 2023 - 4,218 4,218
At 31 March 2022 - 3,915 3,915

6. STOCKS
2023 2022
£    £   
Finished goods 1,300,000 1,135,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 12,736
Amounts owed by connected company 90,502 63,002
90,502 75,738

BIPIN ENTERPRISES LIMITED (REGISTERED NUMBER: 05014062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 573,139 479,297
Corporation Tax payable 13,907 19,042
Social security and other taxes 3,617 2,875
VAT 22,551 20,918
Other creditors 15,145 161
Director's current account 389 32,554
Accrued expenses 3,750 7,165
642,498 572,012

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
21,667 31,667

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,500 were paid to the director .

Included in creditors as at 31 March 2023 is £389 (2022: £32,554) an amount due to the director of the company. There are no specific terms of repayment.

Included in debtors as at 31 March 2023 is £90,502 (2022: £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 (2022: £28,000) to the director, Mr B.Z. Pala.