Registered number
09066345
BIJC Ltd
Filleted Accounts
30 June 2024
BIJC Ltd
Registered number: 09066345
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 73,084 66,620
Current assets
Debtors 4 106,072 40,611
Cash at bank and in hand 360,440 292,515
466,512 333,126
Creditors: amounts falling due within one year 5 (143,687) (94,930)
Net current assets 322,825 238,196
Net assets 395,909 304,816
Capital and reserves
Called up share capital 101 101
Share premium 999 999
Profit and loss account 394,809 303,716
Shareholders' funds 395,909 304,816
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Jennifer Claire Taylor
Director
Approved by the board on 10 October 2024
BIJC Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 44,168 62,983 107,151
Additions - 10,361 10,361
Disposals 16,020 - 16,020
At 30 June 2024 60,188 73,344 133,532
Depreciation
At 1 July 2023 15,998 24,533 40,531
Charge for the year 6,063 13,854 19,917
At 30 June 2024 22,061 38,387 60,448
Net book value
At 30 June 2024 38,127 34,957 73,084
At 30 June 2023 28,170 38,450 66,620
4 Debtors 2024 2023
£ £
Trade debtors 95,993 31,620
Other debtors 10,079 8,991
106,072 40,611
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,071 -
Taxation and social security costs 110,614 75,309
Other creditors 28,002 19,621
143,687 94,930
6 Other information
BIJC Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Whitepost Gardens
Ash
Canterbury
Kent
CT3 2AE
BIJC Ltd 09066345 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mrs Jennifer Claire Taylor No description of principal activity 09066345 2022-07-01 2023-06-30 09066345 core:WithinOneYear 2023-06-30 09066345 core:ShareCapital 2023-06-30 09066345 core:SharePremium 2023-06-30 09066345 core:RetainedEarningsAccumulatedLosses 2023-06-30 09066345 2023-07-01 2024-06-30 09066345 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09066345 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09066345 bus:Director40 2023-07-01 2024-06-30 09066345 1 2023-07-01 2024-06-30 09066345 2 2023-07-01 2024-06-30 09066345 core:PlantMachinery 2023-07-01 2024-06-30 09066345 core:Vehicles 2023-07-01 2024-06-30 09066345 countries:England 2023-07-01 2024-06-30 09066345 bus:FRS102 2023-07-01 2024-06-30 09066345 bus:FilletedAccounts 2023-07-01 2024-06-30 09066345 2024-06-30 09066345 core:WithinOneYear 2024-06-30 09066345 core:ShareCapital 2024-06-30 09066345 core:SharePremium 2024-06-30 09066345 core:RetainedEarningsAccumulatedLosses 2024-06-30 09066345 core:PlantMachinery 2024-06-30 09066345 core:Vehicles 2024-06-30 09066345 2023-06-30 09066345 core:PlantMachinery 2023-06-30 09066345 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure