Bihalt Ltd - Accounts

Bihalt Ltd - Accounts

BIHALT LTD - Company Information

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Reports Dated : 10/08/2023 Registered Number: 11481611
England and Wales

 

 

 

BIHALT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

Bihalt Ltd
Contents Page
For the year ended 31 May 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bihalt Ltd for the year ended 31 May 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bihalt Ltd for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Bihalt Ltd , as a body, in accordance with the terms of our engagement letter dated 24 July 2018. Our work has been undertaken solely to prepare for your approval the accounts of Bihalt Ltd and state those matters that we have agreed to state to the Board of Directors of Bihalt Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bihalt Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bihalt Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bihalt Ltd. You consider that Bihalt Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bihalt Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 May 2023.



....................................................
FD Chartered Accountants
16 Saberton Close
Redbourn
St Albans
AL3 7DS
10 August 2023
1
 
 		 Notes
 		 31/05/2023
£		   31/05/2022
£
Fixed assets      
Tangible fixed assets 3 2,107    1,256 
2,107    1,256 
Current assets      
Debtors 13,418    8,267 
Cash at bank and in hand 402    240 
13,820    8,507 
Creditors: amount falling due within one year (11,735)   (4,515)
Net current assets 2,085    3,992 
 
Total assets less current liabilities 4,192    5,248 
Creditors: amount falling due after more than one year (3,900)   (5,200)
Net assets 292    48 
 

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account 192    (52)
Shareholder's funds 292    48 
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 10 August 2023 and were signed by:


-------------------------------
Gunes Kurtkaya
Director
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General Information
Bihalt Ltd is a private company, limited by shares, registered in England and Wales, registration number 11481611, registration address Office 2, Bennet's House, 21 Leyton Road, Harpenden, AL5 2HU. The trading address of the company is 42 The Valls, Bradley Stoke, Bristol, BS32 8AW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Fixtures & Fittings 2 Straight Line
Computer Equipment 18% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures & Fittings   Computer Equipment   Total
  £   £   £   £
At 01 June 2022 1,329    1,713    1,749    4,791 
Additions -    -    1,078    1,078 
Disposals -    -    -    - 
At 31 May 2023 1,329    1,713    2,827    5,869 
Depreciation
At 01 June 2022 73    1,713    1,749    3,535 
Charge for year 226    -    1    227 
On disposals -    -    -    - 
At 31 May 2023 299    1,713    1,750    3,762 
Net book values
Closing balance as at 31 May 2023 1,030    -    1,077    2,107 
Opening balance as at 01 June 2022 1,256    -    -    1,256 


4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
31/05/2023
£		   31/05/2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

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