Silverfin false 31/01/2023 01/02/2022 31/01/2023 B Davidson 15/01/2018 10 October 2023 The principal activity of the Company during the financial year was the manufacture and distribution of seed bombs. 11150059 2023-01-31 11150059 bus:Director1 2023-01-31 11150059 2022-01-31 11150059 core:CurrentFinancialInstruments 2023-01-31 11150059 core:CurrentFinancialInstruments 2022-01-31 11150059 core:ShareCapital 2023-01-31 11150059 core:ShareCapital 2022-01-31 11150059 core:RetainedEarningsAccumulatedLosses 2023-01-31 11150059 core:RetainedEarningsAccumulatedLosses 2022-01-31 11150059 core:LandBuildings 2022-01-31 11150059 core:PlantMachinery 2022-01-31 11150059 core:Vehicles 2022-01-31 11150059 core:FurnitureFittings 2022-01-31 11150059 core:OfficeEquipment 2022-01-31 11150059 core:LandBuildings 2023-01-31 11150059 core:PlantMachinery 2023-01-31 11150059 core:Vehicles 2023-01-31 11150059 core:FurnitureFittings 2023-01-31 11150059 core:OfficeEquipment 2023-01-31 11150059 2022-02-01 2023-01-31 11150059 bus:FullAccounts 2022-02-01 2023-01-31 11150059 bus:SmallEntities 2022-02-01 2023-01-31 11150059 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11150059 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11150059 bus:Director1 2022-02-01 2023-01-31 11150059 core:PlantMachinery 2022-02-01 2023-01-31 11150059 core:Vehicles 2022-02-01 2023-01-31 11150059 core:FurnitureFittings 2022-02-01 2023-01-31 11150059 core:OfficeEquipment 2022-02-01 2023-01-31 11150059 2021-02-01 2022-01-31 11150059 core:LandBuildings 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Company No: 11150059 (England and Wales)

BEEBOMBS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

BEEBOMBS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

BEEBOMBS LIMITED

BALANCE SHEET

As at 31 January 2023
BEEBOMBS LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 86,561 95,073
86,561 95,073
Current assets
Stocks 4 4,500 12,500
Debtors 5 444,957 481,019
Cash at bank and in hand 191,223 376,327
640,680 869,846
Creditors: amounts falling due within one year 6 ( 85,591) ( 142,773)
Net current assets 555,089 727,073
Total assets less current liabilities 641,650 822,146
Provision for liabilities ( 6,152) ( 7,769)
Net assets 635,498 814,377
Capital and reserves
Called-up share capital 1 1
Profit and loss account 635,497 814,376
Total shareholder's funds 635,498 814,377

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Beebombs Limited (registered number: 11150059) were approved and authorised for issue by the Director on 10 October 2023. They were signed on its behalf by:

B Davidson
Director
BEEBOMBS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
BEEBOMBS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Beebombs Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Near Bounds Stables, Parley Green Lane, Parley, Christchurch, Dorset, BH23 6BB.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 10

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 February 2022 54,185 27,177 18,595 14,084 6,273 120,314
Additions 0 495 0 999 585 2,079
At 31 January 2023 54,185 27,672 18,595 15,083 6,858 122,393
Accumulated depreciation
At 01 February 2022 0 12,878 5,678 3,824 2,861 25,241
Charge for the financial year 0 3,674 3,229 2,713 975 10,591
At 31 January 2023 0 16,552 8,907 6,537 3,836 35,832
Net book value
At 31 January 2023 54,185 11,120 9,688 8,546 3,022 86,561
At 31 January 2022 54,185 14,299 12,917 10,260 3,412 95,073

4. Stocks

2023 2022
£ £
Stocks 4,500 12,500

5. Debtors

2023 2022
£ £
Trade debtors 12,913 16,432
Other debtors 432,044 464,587
444,957 481,019

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 597 5,602
Corporation tax 18,866 61,883
Other taxation and social security 8,706 45,861
Other creditors 57,422 29,427
85,591 142,773