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COMPANY REGISTRATION NUMBER: 07907570
BIPFREE LIMITED
Filleted Unaudited Financial Statements
31 March 2025
BIPFREE LIMITED
Financial Statements
Year ended 31st March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
BIPFREE LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Current assets
Cash at bank and in hand
73,479
81,671
Creditors: amounts falling due within one year
5
27,833
26,057
--------
--------
Net current assets
45,646
55,614
--------
--------
Total assets less current liabilities
45,646
55,614
--------
--------
Net assets
45,646
55,614
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
45,546
55,514
--------
--------
Shareholders funds
45,646
55,614
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:
Mrs P J Law
Director
Company registration number: 07907570
BIPFREE LIMITED
Notes to the Financial Statements
Year ended 31st March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/268 Chapel Street, Salford, Manchester, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
23,021
23,020
Other creditors
4,812
3,037
--------
--------
27,833
26,057
--------
--------
6. Related party transactions
The company was under the control of Mrs P J Law throughout the current and previous year. Mrs P J Law is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed.