REGISTERED NUMBER: 13083974 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bitumex International Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Callychurn

B Gungadin

REGISTERED OFFICE:

75 Quickley Lane

Chorleywood

Rickmansworth

WD3 5AE

REGISTERED NUMBER:

13083974 (England and Wales)

FIXED ASSETS

Tangible assets

4

149,992

167,135

CURRENT ASSETS

Stocks

38,808

257,114

Debtors

5

504,595

149,850

Cash at bank and in hand

345,720

115,249

889,123

522,213

CREDITORS

Amounts falling due within one year

6

849,023

579,943

NET CURRENT ASSETS/(LIABILITIES)

40,100

(57,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

190,092

109,405

CAPITAL AND RESERVES

Called up share capital

125

1

Retained earnings

189,967

109,404

190,092

109,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

B Gungadin - Director

1.	STATUTORY INFORMATION

Bitumex International Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of the tangible fixed assets over their expected useful lives as follows:

Plant & Machinery - 10% per annum on Cost

Computer equipment - 25% per annum on WDV

Fixtures and fittings - 25% per annum on WDV

Stocks

Goods in transit are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

$

COST

At 1 January 2024

185,766

Additions

1,955

At 31 December 2024

187,721

DEPRECIATION

At 1 January 2024

18,631

Charge for year

19,098

At 31 December 2024

37,729

NET BOOK VALUE

At 31 December 2024

149,992

At 31 December 2023

167,135

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Trade debtors

54,000

149,850

Other debtors

450,595

-

504,595

149,850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Payments on account

168,250

42,375

Trade creditors

482,824

407,934

Taxation and social security

50,528

1,153

Other creditors

147,421

128,481

849,023

579,943

7.	RELATED PARTY DISCLOSURES

The controlling parties are A Callychurn and B Gungadin, company directors.

At the year end, amount due to the directors was $43,764 ( 2023: $124,719)