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REGISTERED NUMBER: 09884078 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bimtek Limited

Bimtek Limited (Registered number: 09884078)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bimtek Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr L Davis





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 09884078 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Bimtek Limited (Registered number: 09884078)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,493 75,436

CURRENT ASSETS
Debtors 5 898,781 789,553
Cash at bank 657,732 488,140
1,556,513 1,277,693
CREDITORS
Amounts falling due within one year 6 305,952 257,748
NET CURRENT ASSETS 1,250,561 1,019,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,329,054

1,095,381

CREDITORS
Amounts falling due after more than one
year

7

37,826

44,583
NET ASSETS 1,291,228 1,050,798

CAPITAL AND RESERVES
Called up share capital 2 3
Retained earnings 1,291,226 1,050,795
SHAREHOLDERS' FUNDS 1,291,228 1,050,798

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

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

Bimtek Limited (Registered number: 09884078)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:





Mr L Davis - Director


Bimtek Limited (Registered number: 09884078)

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

1. STATUTORY INFORMATION

Bimtek 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Bimtek Limited (Registered number: 09884078)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 26,352 437 67,176 63,097 157,062
Additions 18,841 691 - 14,451 33,983
At 31 December 2023 45,193 1,128 67,176 77,548 191,045
DEPRECIATION
At 1 January 2023 19,123 202 29,389 32,912 81,626
Charge for year 6,517 232 9,447 14,730 30,926
At 31 December 2023 25,640 434 38,836 47,642 112,552
NET BOOK VALUE
At 31 December 2023 19,553 694 28,340 29,906 78,493
At 31 December 2022 7,229 235 37,787 30,185 75,436

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 67,176
DEPRECIATION
At 1 January 2023 29,389
Charge for year 9,447
At 31 December 2023 38,836
NET BOOK VALUE
At 31 December 2023 28,340
At 31 December 2022 37,787

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 379,289 263,066
Amounts owed by group undertakings 52,100 -
Other debtors 467,392 526,487
898,781 789,553

Bimtek Limited (Registered number: 09884078)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,772 35,646
Hire purchase contracts 6,756 6,756
Trade creditors 3,897 18,298
Taxation and social security 267,168 189,528
Other creditors 2,359 7,520
305,952 257,748

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 37,826 44,583