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Registration number: 5616745

Honey Bee Media Ltd

trading as Honey Bee TV

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2021

 

Honey Bee Media Ltd

trading as Honey Bee TV

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Honey Bee Media Ltd

trading as Honey Bee TV

Company Information

Directors

Dee Hendry

Edward Taylor

Rosalind Edwards

Company secretary

Laurence Taylor

Registered office

Henleaze Business Centre
13 Harbury Road
Bristol
BS9 4PN

Accountants

JTTF Accountants Ltd
19 Lillian Road
London
SW13 9JG

 

Honey Bee Media Ltd

trading as Honey Bee TV

(Registration number: 5616745)
Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

13,952

503

Current assets

 

Debtors

5

160,767

404,332

Cash at bank and in hand

 

333,264

107,716

 

494,031

512,048

Creditors: Amounts falling due within one year

6

(248,845)

(504,210)

Net current assets

 

245,186

7,838

Total assets less current liabilities

 

259,138

8,341

Creditors: Amounts falling due after more than one year

6

(34,225)

(45,565)

Net assets/(liabilities)

 

224,913

(37,224)

Capital and reserves

 

Called up share capital

7

100

100

Capital redemption reserve

60

60

Profit and loss account

224,753

(37,384)

Shareholders' funds/(deficit)

 

224,913

(37,224)

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 August 2022 and signed on its behalf by:
 

 

Honey Bee Media Ltd

trading as Honey Bee TV

(Registration number: 5616745)
Balance Sheet as at 30 November 2021

.........................................
Edward Taylor
Director

 

Honey Bee Media Ltd

trading as Honey Bee TV

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Henleaze Business Centre
13 Harbury Road
Bristol
BS9 4PN

These financial statements were authorised for issue by the Board on 15 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Honey Bee Media Ltd

trading as Honey Bee TV

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on straight-line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Honey Bee Media Ltd

trading as Honey Bee TV

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2020 - 1).

 

Honey Bee Media Ltd

trading as Honey Bee TV

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2020

2,846

2,846

Additions

18,756

18,756

At 30 November 2021

21,602

21,602

Depreciation

At 1 December 2020

2,343

2,343

Charge for the year

5,307

5,307

At 30 November 2021

7,650

7,650

Carrying amount

At 30 November 2021

13,952

13,952

At 30 November 2020

503

503

5

Debtors

2021
£

2020
£

Trade debtors

157,000

21,000

Prepayments

1,737

112

Other debtors

2,030

383,220

160,767

404,332

6

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Loans and borrowings

8

11,280

221,495

Trade creditors

 

44,525

7,589

Taxation and social security

 

109,095

6,444

Accruals and deferred income

 

83,750

268,398

Other creditors

 

195

284

 

248,845

504,210

 

Honey Bee Media Ltd

trading as Honey Bee TV

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Creditors: amounts falling due after more than one year

Note

2021
£

2020
£

Due after one year

 

Loans and borrowings

8

34,225

45,565

7

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary A of £1 each

80

80

80

80

Ordinary B of £1 each

5

5

5

5

Ordinary C of £1 each

15

15

15

15

 

100

100

100

100

8

Loans and borrowings

2021
£

2020
£

Non-current loans and borrowings

Bank borrowings

34,225

45,565

2021
£

2020
£

Current loans and borrowings

Bank borrowings

11,280

221,495

9

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2021
£

2020
£

Remuneration

15,470

10,000