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REGISTERED NUMBER: 04603863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BEEHIVE JOINERY LIMITED

BEEHIVE JOINERY LIMITED (REGISTERED NUMBER: 04603863)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEEHIVE JOINERY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: A M Guppy
M J Guppy





SECRETARY: A M Guppy





REGISTERED OFFICE: Unit 2
Station Road Business Park
Stalbridge
Dorset
DT10 2RN





REGISTERED NUMBER: 04603863 (England and Wales)





ACCOUNTANTS: Evans & Co
Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL

BEEHIVE JOINERY LIMITED (REGISTERED NUMBER: 04603863)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,888 123,610

CURRENT ASSETS
Stocks 5 78,065 57,125
Debtors 6 18,503 32,182
Cash at bank 209,165 169,210
305,733 258,517
CREDITORS
Amounts falling due within one year 7 138,405 144,896
NET CURRENT ASSETS 167,328 113,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,216

237,231

CREDITORS
Amounts falling due after more than one
year

8

(30,333

)

(44,333

)

PROVISIONS FOR LIABILITIES (28,289 ) (23,486 )
NET ASSETS 257,594 169,412

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 257,592 169,410
SHAREHOLDERS' FUNDS 257,594 169,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BEEHIVE JOINERY LIMITED (REGISTERED NUMBER: 04603863)

BALANCE SHEET - continued
31 March 2023


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 19 October 2023 and were signed on its behalf by:




A M Guppy - Director



M J Guppy - Director


BEEHIVE JOINERY LIMITED (REGISTERED NUMBER: 04603863)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Beehive Joinery 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.

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.
Improvements to property - Straight line over 10 years
Plant and machinery - at varying rates on cost
Motor vehicles - 25% 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.

BEEHIVE JOINERY LIMITED (REGISTERED NUMBER: 04603863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 40,215 150,302 34,490 225,007
Additions - 43,779 - 43,779
At 31 March 2023 40,215 194,081 34,490 268,786
DEPRECIATION
At 1 April 2022 5,040 77,632 18,725 101,397
Charge for year 4,020 10,533 3,948 18,501
At 31 March 2023 9,060 88,165 22,673 119,898
NET BOOK VALUE
At 31 March 2023 31,155 105,916 11,817 148,888
At 31 March 2022 35,175 72,670 15,765 123,610

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 25,490
Transfer to ownership (25,490 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 17,431
Transfer to ownership (17,431 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 8,059

BEEHIVE JOINERY LIMITED (REGISTERED NUMBER: 04603863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. STOCKS
2023 2022
£    £   
Stock 78,065 57,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,157 30,590
Prepayments and accrued income 3,346 1,592
18,503 32,182

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
CBILS loan 14,000 14,000
Hire purchase contracts - 5,562
Trade creditors 35,510 25,816
Tax 25,743 35,862
Social security and other taxes 3,308 2,257
VAT 19,357 10,907
Other creditors 142 82
Directors' current accounts 5,642 36,774
Accruals and deferred income 34,703 13,636
138,405 144,896

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
CBILS Loan 30,333 44,333

9. RELATED PARTY DISCLOSURES

The company rents premises from an entity that both directors have a financial interest in. The rent payable to the entity during the year was £18,000 (2022 - £18,000). There are no formal tenancy agreements currently in place regarding these properties.