IRIS Accounts Production v23.2.0.158 06315331 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure063153312022-03-31063153312023-03-31063153312022-04-012023-03-31063153312021-03-31063153312021-04-012022-03-31063153312022-03-3106315331ns16:EnglandWales2022-04-012023-03-3106315331ns15:PoundSterling2022-04-012023-03-3106315331ns11:Director12022-04-012023-03-3106315331ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3106315331ns11:SmallEntities2022-04-012023-03-3106315331ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3106315331ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106315331ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106315331ns11:FullAccounts2022-04-012023-03-3106315331ns11:OrdinaryShareClass12022-04-012023-03-3106315331ns11:Director22022-04-012023-03-3106315331ns11:RegisteredOffice2022-04-012023-03-3106315331ns6:CurrentFinancialInstruments2023-03-3106315331ns6:CurrentFinancialInstruments2022-03-3106315331ns6:Non-currentFinancialInstruments2023-03-3106315331ns6:Non-currentFinancialInstruments2022-03-3106315331ns6:ShareCapital2023-03-3106315331ns6:ShareCapital2022-03-3106315331ns6:RetainedEarningsAccumulatedLosses2023-03-3106315331ns6:RetainedEarningsAccumulatedLosses2022-03-3106315331ns6:PlantMachinery2022-03-3106315331ns6:PlantMachinery2022-04-012023-03-3106315331ns6:PlantMachinery2023-03-3106315331ns6:PlantMachinery2022-03-3106315331ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3106315331ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3106315331ns11:OrdinaryShareClass12023-03-31063153312ns11:Director22022-03-31063153312ns11:Director22021-03-31063153312ns11:Director22022-04-012023-03-31063153312ns11:Director22021-04-012022-03-31063153312ns11:Director22023-03-31063153312ns11:Director22022-03-3106315331ns11:Director112022-03-3106315331ns11:Director112021-03-3106315331ns11:Director112022-04-012023-03-3106315331ns11:Director112021-04-012022-03-3106315331ns11:Director112023-03-3106315331ns11:Director112022-03-31
REGISTERED NUMBER: 06315331 (England and Wales)















ONE BLACK BEAR LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ONE BLACK BEAR LTD (REGISTERED NUMBER: 06315331)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONE BLACK BEAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R J Elwell
J S Harrison





REGISTERED OFFICE: 49 George Street
Birmingham
B3 1QA





REGISTERED NUMBER: 06315331 (England and Wales)





ACCOUNTANTS: Harwoods
1 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX

ONE BLACK BEAR LTD (REGISTERED NUMBER: 06315331)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 379,145 17,287

CURRENT ASSETS
Debtors 5 217,231 558,474
Prepayments and accrued income 3,420 4,414
Cash at bank and in hand 90,075 301,267
310,726 864,155
CREDITORS
Amounts falling due within one year 6 299,803 457,673
NET CURRENT ASSETS 10,923 406,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,068

423,769

CREDITORS
Amounts falling due after more than one
year

7

(64,167

)

(119,167

)

PROVISIONS FOR LIABILITIES (49,305 ) (3,957 )

ACCRUALS AND DEFERRED INCOME (23,217 ) (35,994 )
NET ASSETS 253,379 264,651

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 253,279 264,551
SHAREHOLDERS' FUNDS 253,379 264,651

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.

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 Statement of Income and Retained Earnings 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:



J S Harrison - Director


ONE BLACK BEAR LTD (REGISTERED NUMBER: 06315331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

One Black Bear Ltd 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 (£).


These financial statements are rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified as necessary to include certain items at fair value.

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
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery 33.3% on cost.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ONE BLACK BEAR LTD (REGISTERED NUMBER: 06315331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued



Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Share-based payment
The cost and corresponding increase in equity in respect of equity-settled share-based payment transactions with employees are measured by reference to the fair value of equity instruments issued at the date of grant. Amounts are expensed on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions. The cost and fair value of the liability incurred in respect of cash-settled transactions is measured using an appropriate option pricing model with changes in fair value recognised in profit or loss for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 76,176
Additions 388,076
At 31 March 2023 464,252
DEPRECIATION
At 1 April 2022 58,889
Charge for year 26,218
At 31 March 2023 85,107
NET BOOK VALUE
At 31 March 2023 379,145
At 31 March 2022 17,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 201,561 383,864
Other debtors 15,670 174,610
217,231 558,474

ONE BLACK BEAR LTD (REGISTERED NUMBER: 06315331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,000 55,000
Trade creditors 103,988 27,359
Taxation and social security 111,150 160,706
Other creditors 29,665 214,608
299,803 457,673

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 64,167 119,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments due at the year end were £97,866, £28,779 falling due within the next year.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
R J Elwell
Balance outstanding at start of year - 19,566
Amounts repaid - (19,566 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J S Harrison
Balance outstanding at start of year - 21,716
Amounts repaid - (21,716 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -