Company Registration No. 09598212 (England and Wales)
Bhim Ltd
Unaudited accounts
for the year ended 31 May 2023
Bhim Ltd
Unaudited accounts
Contents
Bhim Ltd
Company Information
for the year ended 31 May 2023
Director
Mr Krupalkumar R. Patel
Company Number
09598212 (England and Wales)
Registered Office
23 DORSET ROAD
LONDON
E7 8PR
GREAT BRITAIN
Accountants
MAP Accounting Limited
26 Oakfield Avenue
Harrow
HA3 8TJ
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Bhim Ltd
for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Bhim Ltd for the year ended
31 May 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Bhim Ltd, as a body, in accordance with the terms of our engagement letter dated 4 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of Bhim Ltd and state those matters that we have agreed to state to the Board of Directors of Bhim Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bhim Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bhim Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bhim Ltd. You consider that Bhim Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bhim Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
MAP Accounting Limited
Chartered Certified Accountants
26 Oakfield Avenue
Harrow
HA3 8TJ
28 February 2024
Bhim Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
7,150
5,588
Creditors: amounts falling due within one year
(334)
(825)
Net current assets
39,816
44,763
Total assets less current liabilities
39,894
44,867
Creditors: amounts falling due after more than one year
(35,369)
(39,841)
Called up share capital
5,000
5,000
Profit and loss account
(475)
26
Shareholders' funds
4,525
5,026
For the year ending 31 May 2023 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 28 February 2024 and were signed on its behalf by
Mr Krupalkumar R. Patel
Director
Company Registration No. 09598212
Bhim Ltd
Notes to the Accounts
for the year ended 31 May 2023
Bhim Ltd is a private company, limited by shares, registered in England and Wales, registration number 09598212. The registered office is 23 DORSET ROAD, LONDON, E7 8PR, GREAT BRITAIN.
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 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021.
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.
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:
4
Tangible fixed assets
Fixtures & fittings
Bhim Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Other debtors
33,000
40,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
358
290
Loans from directors
(424)
535
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).