05636427falsethe installation and maintenance of telecommunication wiring2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/cd:Director22024-01-012024-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05636427
BIC Corporation Limited
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
BIC Corporation Limited
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTORS
K Lloyd-Bisley
H Lloyd-Bisley
SECRETARY
H Lloyd-Bisley
REGISTERED OFFICE
62 Updown Hill
Windlesham
Surrey
GU20 6DT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05636427
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
BIC Corporation Limited
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
BIC Corporation Limited
BALANCE SHEET AT 31 December 2024
20242023
Notes££
FIXED ASSETS
Tangible assets26,5697,228
CURRENT ASSETS
Stock314,1145,627
Debtors416,67522,986
Cash at bank and in hand8,58611,356
39,37539,969
CREDITORS: Amounts falling due within one year515,96614,200
NET CURRENT ASSETS23,40925,769
TOTAL ASSETS LESS CURRENT LIABILITIES29,97832,997
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account29,87832,897
SHAREHOLDERS' FUNDS29,97832,997
For the year ending 31 December 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18 September 2025 and signed on their behalf by
.............................
H Lloyd-Bisley
Director
BIC Corporation Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 25%
Commercial Vehiclesstraight line 25%
Fixtures and Fittingsreducing balance 33.33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Turnover
Turnover is derived from the installation and maintenance of telecommunication wiring services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.
1f. Statutory Information
BIC Corporation Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 05636427 and registered office address is 62 Updown Hill, Windlesham, Surrey, GU20 6DT.
1g. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
BIC Corporation Limited
2. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 1 January 20249,58918,0011,43029,020
Additions1,320--1,320
Disposals(8,151)-(1,429)(9,580)
At 31 December 20242,75818,001120,760
Depreciation
At 1 January 20249,18111,1841,42721,792
Disposals(8,063)-(1,428)(9,491)
For the year1851,70411,890
At 31 December 20241,30312,888-14,191
Net Book Amounts
At 31 December 20241,4555,11316,569
At 31 December 20234086,81737,228
3. STOCK 20242023
££
Stock comprises:
Stock14,1145,627
14,1145,627
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-843
Other debtors16,58521,003
Directors current account 901,140
16,67522,986
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Salaries and wages control112193
Trade creditors13,09911,252
Accruals2,7552,755
15,96614,200
BIC Corporation Limited
6. EMPLOYEES
20242023
No.No.
Average number of employees12
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100
8. RELATED PARTY TRANSACTIONS
At the balance sheet date, directors of the company had advances of loans of £90 (Last Year £1,140). The maximum amount advanced in the year was £1,140. This loan was interest free.