Registered number
14546907
Bevip Fashion Limited
Filleted Accounts
31 December 2023
Bevip Fashion Limited
Registered number: 14546907
Balance Sheet
as at 31 December 2023
Notes 2023
£
Fixed assets
Tangible assets 3 40,000
Current assets
Stocks 75,000
Cash at bank and in hand 126,610
201,610
Creditors: amounts falling due within one year 4 (109,353)
Net current assets 92,257
Total assets less current liabilities 132,257
Creditors: amounts falling due after more than one year 5 (113,380)
Net assets 18,877
Capital and reserves
Called up share capital 100
Profit and loss account 18,777
Shareholders' funds 18,877
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.
Asam Mohammad Sharif
Director
Approved by the board on 28 November 2024
Bevip Fashion Limited
Notes to the Accounts
for the year ended 31 December 2023
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 10 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Plant and machinery etc Fixtures & fittings Total
£ £ £
Cost
Additions 5,000 40,000 45,000
At 31 December 2023 5,000 40,000 45,000
Depreciation
Charge for the year 1,000 4,000 5,000
At 31 December 2023 1,000 4,000 5,000
Net book value
At 31 December 2023 4,000 36,000 40,000
4 Creditors: amounts falling due within one year 2023
£
Trade creditors 104,198
Taxation and social security costs 4,405
Other creditors 750
109,353
5 Creditors: amounts falling due after one year 2023
£
Other creditors 113,380
6 Other information
Bevip Fashion Limited is a private company limited by shares and incorporated in England. Its registered office is:
TJI Associates
114 Westbourne Road
Marsh
Huddersfield
HD1 4LF
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