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Company Registration No. 11360377 (England and Wales)
Bippit Ltd Unaudited accounts for the year ended 31 December 2024
Bippit Ltd Unaudited accounts Contents
Page
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Bippit Ltd Company Information for the year ended 31 December 2024
Directors
Samuel Lathey Andrew Baddeley Roger Portnoy
Company Number
11360377 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V 2NX
Accountants
Barnes & Scott 86-90 Paul Street Shoreditch London EC2A 4NE
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Bippit Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,131 
7,971 
Tangible assets
381 
520 
7,512 
8,491 
Current assets
Debtors
454,653 
336,507 
Cash at bank and in hand
98,753 
304,593 
553,406 
641,100 
Creditors: amounts falling due within one year
(815,416)
(551,255)
Net current (liabilities)/assets
(262,010)
89,845 
Net (liabilities)/assets
(254,498)
98,336 
Capital and reserves
Called up share capital
3 
3 
Share premium
3,982,973 
2,946,921 
Capital contribution reserve
156,006 
111,122 
Profit and loss account
(4,393,480)
(2,959,710)
Shareholders' funds
(254,498)
98,336 
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 16 April 2025 and were signed on its behalf by
Samuel Lathey Director Company Registration No. 11360377
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Bippit Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Bippit Ltd is a private company, limited by shares, registered in England and Wales, registration number 11360377. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
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. These accounts cover a 12 month accounting period of 1st January 2024 to 31st December 2024. The comparative figures show the 7 month period 1st June 2023 to 31st Dec 2023.
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.
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 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.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Going concern
The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Bippit Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
8,400 
At 31 December 2024
8,400 
Amortisation
At 1 January 2024
429 
Charge for the year
840 
At 31 December 2024
1,269 
Net book value
At 31 December 2024
7,131 
At 31 December 2023
7,971 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
669 
1,645 
2,314 
At 31 December 2024
669 
1,645 
2,314 
Depreciation
At 1 January 2024
154 
1,640 
1,794 
Charge for the year
134 
5 
139 
At 31 December 2024
288 
1,645 
1,933 
Net book value
At 31 December 2024
381 
- 
381 
At 31 December 2023
515 
5 
520 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
364,500 
287,744 
Accrued income and prepayments
21,289 
48,763 
Other debtors
68,864 
- 
454,653 
336,507 
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Bippit Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
113,708 
67,053 
Trade creditors
68,229 
59,237 
Taxes and social security
25,550 
49,300 
Other creditors
15,057 
15,966 
Loans from directors
10,730 
11,378 
Accruals
27,981 
16,156 
Deferred income
554,161 
332,165 
815,416 
551,255 
The director loan is measured at transaction price and is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 22 (2023: 23).
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