Registered number
11127036
BBSTEM Limited
Filleted Accounts
31 December 2024
Mattison & Co
Accountants
70 High Street
Chislehurst
Kent
BR7 5AQ
BBSTEM Limited
Registered number: 11127036
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,035 5,769
Current assets
Debtors 4 33,755 22,410
Cash at bank and in hand 34,358 40,483
68,113 62,893
Creditors: amounts falling due within one year 5 (2,297) (1,549)
Net current assets 65,816 61,344
Net assets 67,851 67,113
Capital and reserves
Profit and loss account 67,851 67,113
Shareholders' funds 67,851 67,113
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.
K. Payne
Director
Approved by the board on 25 September 2025
BBSTEM Limited
Notes to the Accounts
for the year ended 31 December 2024
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. 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 15,610
Additions 245
At 31 December 2024 15,855
Depreciation
At 1 January 2024 9,841
Charge for the year 3,979
At 31 December 2024 13,820
Net book value
At 31 December 2024 2,035
At 31 December 2023 5,769
4 Debtors 2024 2023
£ £
Trade debtors 805 16,570
Other debtors 32,950 5,840
33,755 22,410
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,303 1,100
Other creditors 994 449
2,297 1,549
6 Other information
BBSTEM Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
70 High Street
Chislehurst
Kent
BR7 5AQ
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