Company Registration No. 09314392 (England and Wales)
BEE-ETHICAL LTD.
Unaudited accounts
for the year ended 30 June 2023
BEE-ETHICAL LTD.
Unaudited accounts
Contents
BEE-ETHICAL LTD.
Company Information
for the year ended 30 June 2023
Directors
AARON MILDREN
RICHARD LEE
STEVEN PARTNER
Company Number
09314392 (England and Wales)
Registered Office
THE HAY BARN
RECTORY FARM
WARMINGTON
PETERBOROUGH
PE8 6UT
ENGLAND
Accountants
LeeP Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BEE-ETHICAL LTD. for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BEE-ETHICAL LTD. for the year ended
30 June 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of BEE-ETHICAL LTD., as a body, in accordance with the terms of our engagement letter dated 22 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of BEE-ETHICAL LTD. and state those matters that we have agreed to state to the Board of Directors of BEE-ETHICAL LTD., as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BEE-ETHICAL LTD. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BEE-ETHICAL LTD. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BEE-ETHICAL LTD.. You consider that BEE-ETHICAL LTD. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BEE-ETHICAL LTD.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
LeeP Accountants
Chartered Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
20 October 2023
BEE-ETHICAL LTD.
Statement of financial position
as at 30 June 2023
Intangible assets
4,502
5,628
Tangible assets
60,621
73,504
Cash at bank and in hand
229,056
164,150
Creditors: amounts falling due within one year
(146,966)
(123,155)
Net current assets
238,910
147,486
Total assets less current liabilities
304,033
226,618
Creditors: amounts falling due after more than one year
(9,599)
(14,626)
Provisions for liabilities
Deferred tax
(12,373)
(15,035)
Net assets
282,061
196,957
Called up share capital
2
2
Profit and loss account
282,059
196,955
Shareholders' funds
282,061
196,957
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
AARON MILDREN
Director
Company Registration No. 09314392
BEE-ETHICAL LTD.
Notes to the Accounts
for the year ended 30 June 2023
BEE-ETHICAL LTD. is a private company, limited by shares, registered in England and Wales, registration number 09314392. The registered office is THE HAY BARN, RECTORY FARM, WARMINGTON, PETERBOROUGH, PE8 6UT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
60 Months
Computer equipment
60 Months
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BEE-ETHICAL LTD.
Notes to the Accounts
for the year ended 30 June 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
27,420
12,962
67,697
108,079
At 30 June 2023
27,420
12,962
76,104
116,486
At 1 July 2022
9,140
3,236
22,199
34,575
Charge for the year
6,855
2,592
11,843
21,290
At 30 June 2023
15,995
5,828
34,042
55,865
At 30 June 2023
11,425
7,134
42,062
60,621
At 30 June 2022
18,280
9,726
45,498
73,504
Amounts falling due within one year
Trade debtors
10,182
13,593
Accrued income and prepayments
29,727
30,398
Other debtors
116,911
62,500
BEE-ETHICAL LTD.
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
20,136
51,243
Obligations under finance leases and hire purchase contracts
6,654
6,654
Trade creditors
25,677
13,688
Taxes and social security
60,892
33,889
Loans from directors
-
(20,981)
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
9,599
14,626
9
Transactions with related parties
Related party transactions in the year comprised of £269,823 of payments made to related parties
10
Average number of employees
During the year the average number of employees was 19 (2022: 17).