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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
Page
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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
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Bicom Systems Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,723 
7,710 
Investments
100,107 
100,107 
109,830 
107,817 
Current assets
Debtors
6,804,983 
5,436,149 
Cash at bank and in hand
358,254 
349,636 
7,163,237 
5,785,785 
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 
Capital and reserves
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
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Bicom Systems Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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:
Computer equipment
33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
14,927 
Additions
8,710 
At 31 August 2024
23,637 
Depreciation
At 1 September 2023
7,217 
Charge for the year
6,697 
At 31 August 2024
13,914 
Net book value
At 31 August 2024
9,723 
At 31 August 2023
7,710 
5
Investments
Other investments 
£ 
Valuation at 1 September 2023
100,107 
Valuation at 31 August 2024
100,107 
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Bicom Systems Limited Notes to the Accounts for the year ended 31 August 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
727,343 
953,566 
Amounts due from group undertakings etc.
6,076,328 
4,481,383 
Other debtors
1,312 
1,200 
6,804,983 
5,436,149 
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 
6,593,679 
5,409,228 
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)
9
Controlling party
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).
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