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REGISTERED NUMBER: 05827089 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BISAF LIMITED

BISAF LIMITED (REGISTERED NUMBER: 05827089)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


BISAF LIMITED (REGISTERED NUMBER: 05827089)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,713 24,506

CURRENT ASSETS
Stocks 30,546 30,815
Debtors 5 7,330 3,830
Cash at bank and in hand 1,392 3,009
39,268 37,654
CREDITORS
Amounts falling due within one year 6 129,042 120,430
NET CURRENT LIABILITIES (89,774 ) (82,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(78,061

)

(58,270

)

CREDITORS
Amounts falling due after more than one
year

7

7,884

18,192
NET LIABILITIES (85,945 ) (76,462 )

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Retained earnings (87,195 ) (77,712 )
SHAREHOLDERS' FUNDS (85,945 ) (76,462 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 3 January 2025 and were signed on its behalf by:





P H Kuebler - Director


BISAF LIMITED (REGISTERED NUMBER: 05827089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

BISAF Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05827089

Registered office: Giant Arches 12-23
48A Burbage Road
Herne Hill
London
SE24 9HE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents income from the sale of exhaust particulate filters, the installation thereof, and subsequent repair and servicing.

Turnover is recognised when the entity meets the obligations to deliver good and services to a customer in accordance with the terms and conditions of the sale.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of four years.

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

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company is reliant on extended credit facilities from an associated company. The accounts have been drawn up on a going concern basis, as the Board of Directors of the associated company have indicated that such credit facilities will continue to be available for the foreseeable future.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

BISAF LIMITED (REGISTERED NUMBER: 05827089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 660 86,766 87,426
AMORTISATION
At 1 October 2023 418 62,502 62,920
Amortisation for year 66 12,727 12,793
At 30 September 2024 484 75,229 75,713
NET BOOK VALUE
At 30 September 2024 176 11,537 11,713
At 30 September 2023 242 24,264 24,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,280 2,700
Other debtors 50 1,130
7,330 3,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,311 10,057
Trade creditors 6,050 1,636
Taxation and social security 3,128 840
Other creditors 109,553 107,897
129,042 120,430

Included within other creditors at the year end are £91,873 (2023: £90,387) due to a company under common control. These amounts are interest free and repayable upon demand.

Close Brothers Limited holds fixed and floating charges over the business and fixed assets of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,884 18,192

The bank loan is due for repayment by June 2026. Interest is charged at 2.5% per annum and is recognised in interest payable and similar expenses.