Be My Bear Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04223533 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BE MY BEAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs P J Thomas

SECRETARY:

Mrs P J Thomas

REGISTERED OFFICE:

Atlantic House Mochdre Business Park

Blackmarsh Road

Colwyn Bay

CONWY

LL28 5HA

REGISTERED NUMBER:

04223533 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

13 Trinity Square

Llandudno

North Wales

LL30 2RB

FIXED ASSETS

Tangible assets

4

2,600

3,429

CURRENT ASSETS

Stocks

144,595

135,620

Debtors

5

38,323

45,024

Cash at bank and in hand

73,903

52,005

256,821

232,649

CREDITORS

Amounts falling due within one year

6

69,187

86,137

NET CURRENT ASSETS

187,634

146,512

TOTAL ASSETS LESS CURRENT LIABILITIES

190,234

149,941

PROVISIONS FOR LIABILITIES

442

583

NET ASSETS

189,792

149,358

CAPITAL AND RESERVES

Called up share capital

86

93

Capital redemption reserve

14

7

Retained earnings

189,692

149,258

SHAREHOLDERS' FUNDS

189,792

149,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 29 August 2019 and were signed by:

Mrs P J Thomas - Director

1.	STATUTORY INFORMATION

Be My Bear Limited 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Stocks

Stocks 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 NIL (2018 - 7 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

22,940

Additions

879

At 31 March 2019

23,819

DEPRECIATION

At 1 April 2018

19,511

Charge for year

1,708

At 31 March 2019

21,219

NET BOOK VALUE

At 31 March 2019

2,600

At 31 March 2018

3,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

23,866

32,898

Other debtors

14,457

12,126

38,323

45,024

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

35,746

38,917

Taxation and social security

32,653

46,683

Other creditors

788

537

69,187

86,137