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Company Registration No. 11360377 (England and Wales)
Bippit Ltd Unaudited accounts for the period from 1 June 2023 to 31 December 2023
Bippit Ltd Unaudited accounts Contents
Page
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Bippit Ltd Company Information for the period from 1 June 2023 to 31 December 2023
Directors
Samuel Lathey Andrew Baddeley David Healy Roger Portnoy
Company Number
11360377 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V 2NX
Accountants
Barnes & Scott 86-90 Paul Street Shoreditch London EC2A 4NE
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Bippit Ltd Statement of financial position as at 31 December 2023
31/12/2023 
31/05/2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,971 
- 
Tangible assets
520 
605 
8,491 
605 
Current assets
Debtors
336,507 
73,746 
Cash at bank and in hand
304,593 
411,844 
641,100 
485,590 
Creditors: amounts falling due within one year
(551,255)
(292,432)
Net current assets
89,845 
193,158 
Net assets
98,336 
193,763 
Capital and reserves
Called up share capital
3 
2 
Share premium
2,946,921 
1,971,184 
Capital contribution reserve
111,122 
79,443 
Profit and loss account
(2,959,710)
(1,856,866)
Shareholders' funds
98,336 
193,763 
For the period ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Samuel Lathey Director Company Registration No. 11360377
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Bippit Ltd Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
1
Statutory information
Bippit Ltd is a private company, limited by shares, registered in England and Wales, registration number 11360377. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
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 accounts cover a shortened accounting period of 1st June 2023 to 31st December 2023. The comparative figures show the 12 month period 1st June 2022 to 31st May 2023.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Going concern
The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Bippit Ltd Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
- 
Additions
8,400 
At 31 December 2023
8,400 
Amortisation
At 1 June 2023
- 
Charge for the period
429 
At 31 December 2023
429 
Net book value
At 31 December 2023
7,971 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
669 
1,645 
2,314 
At 31 December 2023
669 
1,645 
2,314 
Depreciation
At 1 June 2023
76 
1,633 
1,709 
Charge for the period
78 
7 
85 
At 31 December 2023
154 
1,640 
1,794 
Net book value
At 31 December 2023
515 
5 
520 
At 31 May 2023
593 
12 
605 
6
Debtors
31/12/2023 
31/05/2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
287,744 
61,328 
Accrued income and prepayments
48,763 
12,418 
336,507 
73,746 
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Bippit Ltd Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
7
Creditors: amounts falling due within one year
31/12/2023 
31/05/2023 
£ 
£ 
VAT
67,053 
5,779 
Trade creditors
59,237 
19,849 
Taxes and social security
49,300 
42,177 
Other creditors
15,966 
15,108 
Loans from directors
11,378 
11,378 
Accruals
16,156 
6,992 
Deferred income
332,165 
191,149 
551,255 
292,432 
8
Loans to directors
Included in creditors is £11,378 (2023: £11,378) owed to the directors of the company.
9
Average number of employees
During the period the average number of employees was 23 (31/05/2023: 10).
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