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Company Registration No. 12588353 (England and Wales)
BIFE LIMITED Unaudited accounts for the year ended 31 May 2024
BIFE LIMITED Unaudited accounts Contents
Page
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BIFE LIMITED Company Information for the year ended 31 May 2024
Director
Yumi No
Company Number
12588353 (England and Wales)
Registered Office
Second Floor 26 Goodge Street London W1T 2QG
Accountants
Accountingpreneur Limited Second Floor 26 Goodge Street Fitzrovia London W1T 2QG
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BIFE LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,337 
3,708 
Current assets
Inventories
1,000 
- 
Debtors
21,925 
9,684 
Cash at bank and in hand
10,392 
10,780 
33,317 
20,464 
Creditors: amounts falling due within one year
(14,901)
(15,518)
Net current assets
18,416 
4,946 
Net assets
21,753 
8,654 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,653 
8,554 
Shareholders' funds
21,753 
8,654 
For the year ending 31 May 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 18 October 2024 and were signed on its behalf by
Yumi No Director Company Registration No. 12588353
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BIFE LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
BIFE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12588353. The registered office is Second Floor, 26 Goodge Street, London, W1T 2QG.
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.
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
Written Down Value @10%
Fixtures & fittings
Written Down Value @10%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
4,606 
219 
4,825 
At 31 May 2024
4,606 
219 
4,825 
Depreciation
At 1 June 2023
1,075 
42 
1,117 
Charge for the year
353 
18 
371 
At 31 May 2024
1,428 
60 
1,488 
Net book value
At 31 May 2024
3,178 
159 
3,337 
At 31 May 2023
3,531 
177 
3,708 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
148 
1,923 
Other debtors
21,777 
7,761 
21,925 
9,684 
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BIFE LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
200 
- 
Taxes and social security
3,160 
1,182 
Other creditors
10,329 
13,136 
Loans from directors
12 
- 
Accruals
1,200 
1,200 
14,901 
15,518 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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