Company Registration No. 05529411 (England and Wales)
Bicom Systems Limited
Unaudited accounts
for the year ended 31 August 2024
Bicom Systems Limited
Unaudited accounts
Contents
Bicom Systems Limited
Company Information
for the year ended 31 August 2024
Directors
Yetunde Akinfenwa
Stephen David Wingfield
Company Number
05529411 (England and Wales)
Registered Office
Unit 5
Rockware Business Centre
Rockware Avenue
Greenford
Middlesex
UB6 0AA
England
Accountants
Braant Ltd
20 to 22 Wenlock Road
London
N1 7GU
Bicom Systems Limited
Statement of financial position
as at 31 August 2024
Tangible assets
9,723
7,710
Investments
100,107
100,107
Debtors
6,804,983
5,436,149
Cash at bank and in hand
358,254
349,636
Creditors: amounts falling due within one year
(6,593,679)
(5,409,228)
Net current assets
569,558
376,557
Net assets
679,388
484,374
Called up share capital
100,000
100,000
Profit and loss account
579,388
384,374
Shareholders' funds
679,388
484,374
For the year ending 31 August 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 23 April 2025 and were signed on its behalf by
Stephen David Wingfield
Director
Company Registration No. 05529411
Bicom Systems Limited
Notes to the Accounts
for the year ended 31 August 2024
Bicom Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 05529411. The registered office is Unit 5, Rockware Business Centre, Rockware Avenue, Greenford, Middlesex, UB6 0AA, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Computer equipment
At 1 September 2023
14,927
5
Investments
Other investments
Valuation at 1 September 2023
100,107
Valuation at 31 August 2024
100,107
Bicom Systems Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
727,343
953,566
Amounts due from group undertakings etc.
6,076,328
4,481,383
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
28,578
5,616
Amounts owed to group undertakings and other participating interests
6,308,550
5,121,314
Taxes and social security
256,551
282,298
8
Transactions with related parties
There is currently an amount due from the parent company of £5,100,511 (2023 : £3,161,796)
There is currently an amount due to the parent company of £5,726,483 (2023 : £4,416,080)
The company's immediate and ultimate parent undertaking is BICOM INC, Anguilla.
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).