Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12067278 Mr Hamel Tailor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12067278 2023-06-30 12067278 2024-06-30 12067278 2023-07-01 2024-06-30 12067278 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12067278 frs-core:PlantMachinery 2023-07-01 2024-06-30 12067278 frs-core:ShareCapital 2024-06-30 12067278 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12067278 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12067278 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 12067278 frs-bus:SmallEntities 2023-07-01 2024-06-30 12067278 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12067278 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12067278 frs-bus:Director1 2023-07-01 2024-06-30 12067278 frs-countries:EnglandWales 2023-07-01 2024-06-30 12067278 2022-06-30 12067278 2023-06-30 12067278 2022-07-01 2023-06-30 12067278 frs-core:ShareCapital 2023-06-30 12067278 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12067278
BIMSTEM LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12067278
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,304 2,078
1,304 2,078
CURRENT ASSETS
Debtors 36,054 2,157
Cash at bank and in hand 38,747 22,068
74,801 24,225
Creditors: Amounts Falling Due Within One Year (38,814 ) (26,302 )
NET CURRENT ASSETS (LIABILITIES) 35,987 (2,077 )
TOTAL ASSETS LESS CURRENT LIABILITIES 37,291 1
NET ASSETS 37,291 1
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 37,290 -
SHAREHOLDERS' FUNDS 37,291 1
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Hamel Tailor
Director
06/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
BIMSTEM LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12067278 . The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight Line Basis over 3 years
Computer Equipment Straight Line Basis over 3 years
2.5. Leasing and Hire Purchase Contracts
Rental payable under operating leases, including any incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systemic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
 Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively by the end of the reporting period.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
The company has contributed £6,600 to the pension fund for the year 2023 (2023 : £8,100)
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 July 2023 6,160
Additions 1,165
As at 30 June 2024 7,325
Depreciation
As at 1 July 2023 4,082
Provided during the period 1,939
As at 30 June 2024 6,021
Net Book Value
As at 30 June 2024 1,304
As at 1 July 2023 2,078
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 53,000 68,754
During the year the company has paid dividend of £53,000 (2023 : £68,754) to the director Mr Hamel Tailor in respect of shares held by him.
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