Bepro-UK Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 12872429

		2024
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		224,992
Tangible Assets	5		26,889

			251,881
CURRENT ASSETS
Stocks	6	30,192
Debtors	7	876,260
Cash at bank and in hand		126,768

		1,033,220
Creditors: Amounts Falling Due Within One Year	8	(606,338 )

NET CURRENT ASSETS (LIABILITIES)			426,882

TOTAL ASSETS LESS CURRENT LIABILITIES			678,763

Creditors: Amounts Falling Due After More Than One Year	9		(5,519,382 )

NET LIABILITIES			(4,840,619 )

CAPITAL AND RESERVES
Called up share capital	10		1,000
Income Statement			(4,841,619 )

SHAREHOLDERS' FUNDS			(4,840,619)

Page 1

Page 2

Bepro-UK Ltd

Statement of Financial Position (continued)

As At 31 December 2024

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 member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The financial statements were approved by the board of directors on 30 September 2025 and were signed on its behalf by:

Mr Hyunwook Kang

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Bepro-UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12872429 . The registered office is Old Street Works, 205 City Road, London, EC1V 1JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when a binding contract is signed by the customer and all significant risks and rewards of ownership have transferred. This is typically at the point the sales agreement is executed (contract signature).

Rendering of services

Turnover from the rendering of services is recognised over time, on a straight-line basis over the service period. For annual contracts, revenue is recognised monthly as services are delivered.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which is currently 5 years for the portion of assets in use. Development costs related to projects still in progress are not yet amortised.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	7 years
Office Equipment	5 years
Computer Equipment	3 years

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after allowance for obsolete and slow-moving items. Cost includes direct purchase costs and an appropriate allocation of production overheads.

During the year, certain items previously recognised as Plant & Machinery in tangible fixed assets were transferred to stock/materials. This reflects a change in use whereby such items are now held as component parts to be assembled into finished products for sale.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16

Page 3

Page 4

Bepro-UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	238,066

As at 31 December 2024	238,066

Amortisation
As at 1 January 2024	-
Provided during the period	13,074

As at 31 December 2024	13,074

Net Book Value
As at 31 December 2024	224,992

As at 1 January 2024	238,066

5. Tangible Assets

	Plant & Machinery	Office Equipment	Computer Equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 January 2024	89,848	7,578	29,807	127,233
Additions	-	888	-	888
Disposals	(28 )	(4,053 )	(3,836 )	(7,917 )
Transfers	(59,711 )	-	-	(59,711 )

As at 31 December 2024	30,109	4,413	25,971	60,493

Depreciation
As at 1 January 2024	5,337	4,934	13,748	24,019
Provided during the period	4,307	873	9,150	14,330
Disposals	(8 )	(4,053 )	(684 )	(4,745 )

As at 31 December 2024	9,636	1,754	22,214	33,604

Net Book Value
As at 31 December 2024	20,473	2,659	3,757	26,889

As at 1 January 2024	84,511	2,644	16,059	103,214

6. Stocks

	2024
	£
Materials	30,192

Page 4

Page 5

Bepro-UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024
	£
Due within one year
Trade debtors	766,306
Other debtors	12,021

	778,327
Due after more than one year
Amounts owed by group undertakings	97,933

	876,260

8. Creditors: Amounts Falling Due Within One Year

	2024
	£
Trade creditors	196,119
Other taxes and social security	70,061
VAT	14,061
Other creditors	1,166
Accruals and deferred income	324,931

	606,338

9. Creditors: Amounts Falling Due After More Than One Year

	2024
	£
Amounts owed to group undertakings	5,519,382

10. Share Capital

	2024
	£
Allotted, Called up and fully paid	1,000

Page 5