Registered number
11770253
BIPA LIMITED
Filleted Accounts
31 January 2025
BIPA LIMITED
Registered number: 11770253
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 60,000 70,000
Tangible assets 4 16,166 10,726
76,166 80,726
Current assets
Stocks 3,670 3,350
Debtors 5 7,347 12,849
Cash at bank and in hand 31,038 26,288
42,055 42,487
Creditors: amounts falling due within one year 6 (106,602) (88,218)
Net current liabilities (64,547) (45,731)
Total assets less current liabilities 11,619 34,995
Creditors: amounts falling due after more than one year 7 (30,083) (34,833)
Net (liabilities)/assets (18,464) 162
Capital and reserves
Called up share capital 1 1
Profit and loss account (18,465) 161
Shareholders' funds (18,464) 162
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Shaheda Banu
Director
Approved by the board on 27 June 2025
BIPA LIMITED
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.Goodwill to be written off in usefull life of 10 years on straigh line basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 8 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 100,000
At 31 January 2025 100,000
Amortisation
At 1 February 2024 30,000
Provided during the year 10,000
At 31 January 2025 40,000
Net book value
At 31 January 2025 60,000
At 31 January 2024 70,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 40,890
Additions 9,481
At 31 January 2025 50,371
Depreciation
At 1 February 2024 30,164
Charge for the year 4,041
At 31 January 2025 34,205
Net book value
At 31 January 2025 16,166
At 31 January 2024 10,726
5 Debtors 2025 2024
£ £
Trade debtors 3,913 734
Other debtors 3,434 12,115
7,347 12,849
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 11,681 8,929
Taxation and social security costs 3,271 5,278
Other creditors 91,650 74,011
106,602 88,218
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 30,083 34,833
8 Other information
BIPA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
41 Harbour Road
Seaton
Devon
England
EX12 2LX
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