Registered number
02496997
Bijaya Limited
Filleted Accounts
30 June 2024
Bijaya Limited
Registered number: 02496997
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,342 25,422
Current assets
Stocks 16,550 21,100
Debtors 4 60,611 74,969
Cash at bank and in hand 37,067 27,914
114,228 123,983
Creditors: amounts falling due within one year 5 (37,916) (38,500)
Net current assets 76,312 85,483
Total assets less current liabilities 95,654 110,905
Creditors: amounts falling due after more than one year 6 (18,360) (28,384)
Net assets 77,294 82,521
Capital and reserves
Called up share capital 100 100
Profit and loss account 77,194 82,421
Shareholders' funds 77,294 82,521
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.
B K Darlami Thapa
Director
Approved by the board on 18 March 2025
Bijaya Limited
Notes to the Accounts
for the year ended 30 June 2024
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 20,250 111,077 26,326 157,653
Additions - 2,336 - 2,336
At 30 June 2024 20,250 113,413 26,326 159,989
Depreciation
At 1 July 2023 11,821 99,982 20,428 132,231
Charge for the year 422 5,310 2,684 8,416
At 30 June 2024 12,243 105,292 23,112 140,647
Net book value
At 30 June 2024 8,007 8,121 3,214 19,342
At 30 June 2023 8,429 11,095 5,898 25,422
4 Debtors 2024 2023
£ £
Trade debtors 4,014 372
Other debtors 56,597 74,597
60,611 74,969
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,844 3,773
Taxation and social security costs 25,140 23,397
Director's account 1,212 5,712
Other creditors 6,720 5,618
37,916 38,500
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,360 28,384
7 Other information
Bijaya Limited is a private company limited by shares and incorporated in England. Its registered office is:
393 Upper Richmond Road
London
SW15 5QL
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