1 January 2024 false No description of principal activity Taxfiler 2024.6 SC492670business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC4926702023-12-31 SC4926702024-01-012024-12-31 SC492670business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC492670business:FilletedAccounts2024-01-012024-12-31 SC4926702024-12-31 SC492670business:Director12024-01-012024-12-31 SC492670business:Director22024-01-012024-12-31 SC492670business:RegisteredOffice2024-01-012024-12-31 SC4926702023-12-31 SC492670core:WithinOneYear2024-12-31 SC492670core:WithinOneYear2023-12-31 SC492670core:AfterOneYear2024-12-31 SC492670core:AfterOneYear2023-12-31 SC492670core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC492670core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC492670core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC492670core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC492670core:PreviouslyStatedAmount2024-12-31 SC492670core:PreviouslyStatedAmount2023-12-31 SC492670business:SmallEntities2024-01-012024-12-31 SC492670countries:Scotland2024-01-012024-12-31 SC492670core:LandBuildings2024-01-012024-12-31 SC492670core:PlantMachinery2024-01-012024-12-31 SC492670core:MotorVehicles2024-01-012024-12-31 SC492670core:FurnitureFittings2024-01-012024-12-31 SC492670core:ComputerEquipment2024-01-012024-12-31 SC492670core:OtherPropertyPlantEquipment2024-01-012024-12-31 SC492670core:MotorVehicles2023-12-31 SC492670core:ComputerEquipment2023-12-31 SC492670core:MotorVehicles2024-12-31 SC492670core:ComputerEquipment2024-12-31 SC4926702023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC492670 (Scotland)
BAREM ASSOCIATES LTD Unaudited accounts for the year ended 31 December 2024
BAREM ASSOCIATES LTD Unaudited accounts Contents
Page
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BAREM ASSOCIATES LTD Company Information for the year ended 31 December 2024
Directors
Martin Collin Lubega BUKULU Rebecca LUBEGA-BUKULU
Company Number
SC492670 (Scotland)
Registered Office
1 Hamilton Park South, Hamilton, ML3 0FH Scotland
Accountants
Jomma Financial Ltd, Chartered Certified Accountants 4 Easegill Court Top Valley Nottingham NG5 9LU
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BAREM ASSOCIATES LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,371 
15,201 
Current assets
Inventories
7,564 
6,500 
Debtors
2,618 
2,268 
Cash at bank and in hand
111 
14 
10,293 
8,782 
Creditors: amounts falling due within one year
(16,041)
(15,945)
Net current liabilities
(5,748)
(7,163)
Total assets less current liabilities
34,623 
8,038 
Creditors: amounts falling due after more than one year
(36,548)
- 
Net (liabilities)/assets
(1,925)
8,038 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,926)
8,037 
Shareholders' funds
(1,925)
8,038 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by
Martin Collin Lubega BUKULU Director Company Registration No. SC492670
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BAREM ASSOCIATES LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BAREM ASSOCIATES LTD is a private company, limited by shares, registered in Scotland, registration number SC492670. The registered office is 1 Hamilton Park South,, Hamilton,, ML3 0FH, Scotland.
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:
Land & buildings
5
Plant & machinery
5
Motor vehicles
5
Fixtures & fittings
4
Computer equipment
4
Other tangible fixed assets
5
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
15,000 
4,269 
19,269 
Additions
36,548 
- 
36,548 
Disposals
- 
(1,068)
(1,068)
At 31 December 2024
51,548 
3,201 
54,749 
Depreciation
At 1 January 2024
3,000 
1,068 
4,068 
Charge for the year
10,310 
- 
10,310 
At 31 December 2024
13,310 
1,068 
14,378 
Net book value
At 31 December 2024
38,238 
2,133 
40,371 
At 31 December 2023
12,000 
3,201 
15,201 
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BAREM ASSOCIATES LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
2,618 
2,268 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,702 
- 
Other creditors
10,689 
15,000 
Accruals
650 
945 
16,041 
15,945 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,548 
- 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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