Bean & Co Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09363749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

BEAN & CO LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Sicander

Mrs M Sicander

REGISTERED OFFICE:

1 Sheffield Road

Southborough

Tunbridge Wells

Kent

TN4 0PD

REGISTERED NUMBER:

09363749 (England and Wales)

ACCOUNTANTS:

Raymond Benn & Co Limited

Chartered Certified Accountants

1 Sheffield Road

Southborough

TUNBRIDGE WELLS

Kent

TN4 0PD

FIXED ASSETS

Tangible assets

4

1,289

556

Investments

5

235

235

1,524

791

CURRENT ASSETS

Debtors

379,414

670,395

Cash at bank

210,342

43,306

589,756

713,701

CREDITORS

Amounts falling due within one year

(5,887

)

(63,740

)

NET CURRENT ASSETS

583,869

649,961

TOTAL ASSETS LESS CURRENT LIABILITIES

585,393

650,752

CREDITORS

Amounts falling due after more than one year

(66,112

)

(61,787

)

PROVISIONS FOR LIABILITIES

(245

)

(106

)

NET ASSETS

519,036

588,859

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

518,936

588,759

SHAREHOLDERS' FUNDS

519,036

588,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 September 2021 and were signed on its behalf by:

E Sicander - Director

1.	STATUTORY INFORMATION

Bean & Co 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.

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 reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

742

Additions

1,163

At 31 March 2021

1,905

DEPRECIATION

At 1 April 2020

186

Charge for year

430

At 31 March 2021

616

NET BOOK VALUE

At 31 March 2021

1,289

At 31 March 2020

556

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2020

and 31 March 2021

235

NET BOOK VALUE

At 31 March 2021

235

At 31 March 2020

235

The unlisted investment comprises the cost of a holding of 300 shares of 0.10 euros each in Createx BV, a company registered in The Netherlands, and represents one third of the issued share capital of that company.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

E Sicander

Balance outstanding at start of year

162,324

40,678

Amounts advanced

-

162,324

Amounts repaid

(333

)

(40,678

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

161,991

162,324