LUCKY BEE LTD |
Notes to the Accounts |
for the year ended 28 February 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
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|
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
|
Cost |
|
At 1 March 2022 |
145,000 |
|
55,000 |
|
200,000 |
|
At 28 February 2023 |
145,000 |
|
55,000 |
|
200,000 |
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|
|
|
|
|
|
|
|
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Depreciation |
|
At 1 March 2022 |
- |
|
32,472 |
|
32,472 |
|
Charge for the year |
- |
|
4,506 |
|
4,506 |
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At 28 February 2023 |
- |
|
36,978 |
|
36,978 |
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|
|
|
|
|
|
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Net book value |
|
At 28 February 2023 |
145,000 |
|
18,022 |
|
163,022 |
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At 28 February 2022 |
145,000 |
|
22,528 |
|
167,528 |
|
|
|
|
|
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4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
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Bank loans and overdrafts |
81,104 |
|
86,957 |
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Trade creditors |
1,461 |
|
2,061 |
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Other creditors |
109,397 |
|
109,397 |
|
|
|
|
|
|
191,962 |
|
198,415 |
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5 |
Other information |
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LUCKY BEE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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81a, Great Stone Road |
|
Stretford |
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Manchester |
|
M32 8GR |