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Company Registration No. 11360377 (England and Wales)
Bippit Ltd Unaudited accounts for the year ended 31 December 2025
Bippit Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Bippit Ltd Company Information for the year ended 31 December 2025
Directors
Samuel Lathey Roger Portnoy Filip Jakubowski-Drzewiekci
Company Number
11360377 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V 2NX
Accountants
Barnes & Scott 86-90 Paul Street London EC2A 4NE
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Bippit Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
6,291
7,131
Tangible assets
5
247
381
6,538
7,512
Current assets
Debtors
6
240,261
454,653
Cash at bank and in hand
123,896
98,753
364,157
553,406
Creditors: amounts falling due within one year
7
(861,829)
(815,416)
Net current liabilities
(497,672)
(262,010)
Net liabilities
(491,134)
(254,498)
Capital and reserves
Called up share capital
3
3
Share premium
3,982,973
3,982,973
Capital contribution reserve
176,972
156,006
Profit and loss account
(4,651,082)
(4,393,480)
Shareholders' funds
(491,134)
(254,498)
For the year ending 31 December 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by
Samuel Lathey Director Company Registration No. 11360377
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Bippit Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Bippit Ltd is a private company, limited by shares, registered in England and Wales, registration number 11360377. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Going concern
The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 5 -
Bippit Ltd Notes to the Accounts for the year ended 31 December 2025
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
8,400
At 31 December 2025
8,400
Amortisation
At 1 January 2025
1,269
Charge for the year
840
At 31 December 2025
2,109
Net book value
At 31 December 2025
6,291
At 31 December 2024
7,131
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
669
1,645
2,314
At 31 December 2025
669
1,645
2,314
Depreciation
At 1 January 2025
288
1,645
1,933
Charge for the year
134
-
134
At 31 December 2025
422
1,645
2,067
Net book value
At 31 December 2025
247
-
247
At 31 December 2024
381
-
381
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
226,507
364,500
Accrued income and prepayments
13,754
21,289
Other debtors
-
68,864
240,261
454,653
- 6 -
Bippit Ltd Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
110,182
113,708
Trade creditors
27,140
68,229
Taxes and social security
11,251
25,550
Other creditors
7,962
15,057
Loans from directors
-
10,730
Accruals
41,905
27,981
Deferred income
663,389
554,161
861,829
815,416
The director loan is measured at transaction price and is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 10 (2024: 22).
- 7 -