Bee's Emporium Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09194424 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

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

8,090

6,934

CURRENT ASSETS

Stocks

56,912

49,543

Debtors

5

13,640

19,352

Cash at bank

-

8,001

70,552

76,896

CREDITORS

Amounts falling due within one year

6

45,378

38,807

NET CURRENT ASSETS

25,174

38,089

TOTAL ASSETS LESS CURRENT LIABILITIES

33,264

45,023

CREDITORS

Amounts falling due after more than one year

7

(32,041

)

(44,117

)

PROVISIONS FOR LIABILITIES

(1,049

)

(1,318

)

NET ASSETS/(LIABILITIES)

174

(412

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

74

(512

)

SHAREHOLDERS' FUNDS

174

(412

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 29 March 2023 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 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

8,914

Additions

3,425

At 30 June 2022

12,339

DEPRECIATION

At 1 July 2021

1,980

Charge for year

2,269

At 30 June 2022

4,249

NET BOOK VALUE

At 30 June 2022

8,090

At 30 June 2021

6,934

The net book value of tangible fixed assets includes £ 5,121 (2021 - £ 6,401 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

5,076

4,413

Other debtors

8,564

14,939

13,640

19,352

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

28,660

9,527

Hire purchase contracts (see note 8)

2,308

1,944

Trade creditors

7,971

16,493

Taxation and social security

3,921

7,670

Other creditors

2,518

3,173

45,378

38,807

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

29,923

39,691

Hire purchase contracts (see note 8)

2,118

4,426

32,041

44,117

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts

2022

2021

£

£

Net obligations repayable:

Within one year

2,308

1,944

Between one and five years

2,118

4,426

4,426

6,370

At 30th June 2022, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £53,300 (2021: £68,900).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank overdraft

18,892

-

Hire purchase

4,426

6,370

23,318

6,370

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.