Bees Enterprises Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08027138 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

BEES ENTERPRISES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Vakani

Mrs M Vakani

REGISTERED OFFICE:

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

08027138 (England and Wales)

ACCOUNTANTS:

David Simon Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Intangible assets

4

-

3,200

Tangible assets

5

111,084

79,046

111,084

82,246

CURRENT ASSETS

Debtors

6

92,353

10,051

Cash at bank

48,753

73,870

141,106

83,921

CREDITORS

Amounts falling due within one year

7

173,270

87,138

NET CURRENT LIABILITIES

(32,164

)

(3,217

)

TOTAL ASSETS LESS CURRENT LIABILITIES

78,920

79,029

CREDITORS

Amounts falling due after more than one year

8

48,888

78,112

NET ASSETS

30,032

917

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,932

817

SHAREHOLDERS' FUNDS

30,032

917

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 24 April 2023 and were signed on its behalf by:

Mr B Vakani - Director

Mrs M Vakani - Director

1.	STATUTORY INFORMATION

Bees Enterprises 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.

The financial statements have been prepared on the going concern basis and the directors confirm their belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

Turnover

Turnover represents net invoiced value of services rendered, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33.33% on cost and 20% on reducing balance

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.

Government grants

Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.

Government assisted loans

Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

and 30 April 2022

32,000

AMORTISATION

At 1 May 2021

28,800

Charge for year

3,200

At 30 April 2022

32,000

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

3,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

122,284

Additions

70,103

Disposals

(12,500

)

At 30 April 2022

179,887

DEPRECIATION

At 1 May 2021

43,238

Charge for year

28,065

Eliminated on disposal

(2,500

)

At 30 April 2022

68,803

NET BOOK VALUE

At 30 April 2022

111,084

At 30 April 2021

79,046

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

107,453

DEPRECIATION

At 1 May 2021

38,684

Charge for year

13,754

At 30 April 2022

52,438

NET BOOK VALUE

At 30 April 2022

55,015

At 30 April 2021

68,769

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

70,042

1,078

Other debtors

22,311

8,973

92,353

10,051

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

5,833

Hire purchase contracts

19,224

18,133

Trade creditors

22,302

6,620

Taxation and social security

47,676

12,461

Other creditors

74,068

44,091

173,270

87,138

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

34,167

44,167

Hire purchase contracts

14,721

33,945

48,888

78,112

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,167