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Company Registration No. 07138084 (England and Wales)
W J Bismil Ltd Unaudited accounts for the year ended 31 January 2024
W J Bismil Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
130,375 
130,375 
Tangible assets
3,871 
6,539 
134,246 
136,914 
Current assets
Inventories
1,000 
1,000 
Debtors
518 
575 
Cash at bank and in hand
3,692 
87,599 
5,210 
89,174 
Creditors: amounts falling due within one year
(34,534)
(55,392)
Net current (liabilities)/assets
(29,324)
33,782 
Total assets less current liabilities
104,922 
170,696 
Creditors: amounts falling due after more than one year
(104,156)
(112,395)
Provisions for liabilities
Deferred tax
(736)
(1,242)
Net assets
30 
57,059 
Capital and reserves
Called up share capital
30 
30 
Profit and loss account
- 
57,029 
Shareholders' funds
30 
57,059 
For the year ending 31 January 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 11 October 2024 and were signed on its behalf by
Dr Waqas Jamil Bismil Director Company Registration No. 07138084
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W J Bismil Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
W J Bismil Ltd is a private company, limited by shares, registered in England and Wales, registration number 07138084. The registered office is J O Hunter House, 409 Bradford Raod, Huddersfield, HD2 2RB, England.
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.
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 year, 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
25% on cost.
Fixtures & fittings
25% on cost.
Computer equipment
25% on cost.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is the amount paid in connection with the acquisition of a business in 2015.
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W J Bismil Ltd Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 February 2023
130,375 
At 31 January 2024
130,375 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
130,375 
At 31 January 2023
130,375 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
52,091 
Additions
2,199 
At 31 January 2024
54,290 
Depreciation
At 1 February 2023
45,552 
Charge for the year
4,867 
At 31 January 2024
50,419 
Net book value
At 31 January 2024
3,871 
At 31 January 2023
6,539 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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