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REGISTERED NUMBER: 07178154 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BIP - ART LTD

BIP - ART LTD (REGISTERED NUMBER: 07178154)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIP - ART LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss A D'Arcy Hughes
Ms H B Vernon - Morris
Miss H G Brown





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 07178154 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

BIP - ART LTD (REGISTERED NUMBER: 07178154)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,535 3,208

CURRENT ASSETS
Stocks 680 520
Debtors 5 3,392 2,644
Cash at bank 8,440 10,801
12,512 13,965
CREDITORS
Amounts falling due within one year 6 11,026 11,686
NET CURRENT ASSETS 1,486 2,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,021

5,487

PROVISIONS FOR LIABILITIES 7 34 322
NET ASSETS 3,987 5,165

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 3,984 5,162
SHAREHOLDERS' FUNDS 3,987 5,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:



Ms H B Vernon - Morris - Director


BIP - ART LTD (REGISTERED NUMBER: 07178154)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

BIP - ART Ltd 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.
Plant & equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant &
equipment
£   
COST
At 1 April 2023
and 31 March 2024 26,174
DEPRECIATION
At 1 April 2023 22,966
Charge for year 673
At 31 March 2024 23,639
NET BOOK VALUE
At 31 March 2024 2,535
At 31 March 2023 3,208

BIP - ART LTD (REGISTERED NUMBER: 07178154)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 929 802
Prepayments 2,463 1,842
3,392 2,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax (38 ) (38 )
Social security and other taxes - (60 )
Directors' loan accounts 9,984 10,704
Accrued expenses 1,080 1,080
11,026 11,686

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 34 322

Deferred
tax
£   
Balance at 1 April 2023 322
Accelerated capital allowances (288 )
Balance at 31 March 2024 34

8. RELATED PARTY DISCLOSURES

The company incurred the following costs with the directors:

Director 2024 2023
Miss A D'Arcy Hughes £234 £284
Ms H B Vernon-Morris £120 £119
Miss H G Brown £629 £988

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as all three directors have equal beneficial share holding in the company.