Company Registration No. 12194697 (England and Wales)
Bednam Prime Ltd
Unaudited accounts
for the year ended 30 September 2024
Bednam Prime Ltd
Unaudited accounts
Contents
Bednam Prime Ltd
Company Information
for the year ended 30 September 2024
Director
Tariq Edem Bedson
Company Number
12194697 (England and Wales)
Registered Office
23 TOLL HOUSE ROAD
REDNAL
BIRMINGHAM
B45 8TT
ENGLAND
Accountants
Barbara Krzyczmonik
45 Matheson Road
Southampton
-
SO16 8GS
Bednam Prime Ltd
Statement of financial position
as at 30 September 2024
Called up share capital not paid
2,000
2,000
Cash at bank and in hand
1,460
4,529
Creditors: amounts falling due within one year
(17,736)
(17,103)
Net current liabilities
(10,089)
(4,361)
Total assets less current liabilities
(7,724)
(1,836)
Creditors: amounts falling due after more than one year
-
(1,498)
Net liabilities
(7,724)
(3,334)
Called up share capital
2,000
2,000
Profit and loss account
(9,724)
(5,334)
Shareholders' funds
(7,724)
(3,334)
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 27 June 2025 and were signed on its behalf by
Tariq Edem Bedson
Director
Company Registration No. 12194697
Bednam Prime Ltd
Notes to the Accounts
for the year ended 30 September 2024
Bednam Prime Ltd is a private company, limited by shares, registered in England and Wales, registration number 12194697. The registered office is 23 TOLL HOUSE ROAD, REDNAL, BIRMINGHAM, B45 8TT, 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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Bednam Prime Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
280
1,049
1,329
At 30 September 2024
280
1,319
1,599
At 1 October 2023
244
560
804
Charge for the year
35
395
430
At 30 September 2024
279
955
1,234
At 30 September 2024
1
364
365
At 30 September 2023
36
489
525
Finished goods
5,007
7,719
Amounts falling due within one year
Accrued income and prepayments
100
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,498
2,642
Taxes and social security
-
429
Loans from directors
15,308
13,146
8
Creditors: amounts falling due after more than one year
2024
2023
Bednam Prime Ltd
Notes to the Accounts
for the year ended 30 September 2024
9
Transactions with related parties
The company has a loan from the Director, T Bedson which amounts to £15,308.00
and is repayable on demand
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).