Bee's Emporium Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09194424 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

BEE'S EMPORIUM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Longhurst

A R Frostick

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

REGISTERED NUMBER:

09194424 (England and Wales)

ACCOUNTANTS:

d&t

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

4

6,934

8,416

CURRENT ASSETS

Stocks

49,543

55,543

Debtors

5

19,352

15,136

Cash at bank

8,001

23,878

76,896

94,557

CREDITORS

Amounts falling due within one year

6

38,807

64,856

NET CURRENT ASSETS

38,089

29,701

TOTAL ASSETS LESS CURRENT LIABILITIES

45,023

38,117

CREDITORS

Amounts falling due after more than one year

7

(44,117

)

(36,370

)

PROVISIONS FOR LIABILITIES

(1,318

)

(1,599

)

NET (LIABILITIES)/ASSETS

(412

)

148

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(512

)

48

SHAREHOLDERS' FUNDS

(412

)

148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 25 March 2022 and were signed on its behalf by:

A R Longhurst - Director

A R Frostick - Director

1.	STATUTORY INFORMATION

Bee's Emporium 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

8,667

Additions

247

At 30 June 2021

8,914

DEPRECIATION

At 1 July 2020

251

Charge for year

1,729

At 30 June 2021

1,980

NET BOOK VALUE

At 30 June 2021

6,934

At 30 June 2020

8,416

The net book value of tangible fixed assets includes £ 6,401 (2020 - £ 8,002 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

4,413

7,578

Other debtors

14,939

7,558

19,352

15,136

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

9,527

-

Hire purchase contracts (see note 8)

1,944

3,392

Trade creditors

16,490

33,462

Taxation and social security

7,670

3,908

Other creditors

3,176

24,094

38,807

64,856

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

39,691

30,000

Hire purchase contracts (see note 8)

4,426

6,370

44,117

36,370

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts

2021

2020

£

£

Net obligations repayable:

Within one year

1,944

3,392

Between one and five years

4,426

6,370

6,370

9,762

At 30th June 2021, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £68,900 (2020: £78,000).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Hire purchase

6,370

9,762

The loans included within other creditors are secured by way of the following:

A fixed and floating charge over all of the property or undertaking of the company. This charge includes a negative pledge, dated 23th October 2014.

10.	RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market

conditions, including dividend payments to it's shareholders.