Beats Workin Ltd 10986037 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Coffee shop Digita Accounts Production Advanced 6.30.9574.0 true 10986037 2022-04-01 2023-03-31 10986037 2023-03-31 10986037 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10986037 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10986037 bus:Micro-entities 2022-04-01 2023-03-31 10986037 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10986037 bus:FullAccounts 2022-04-01 2023-03-31 10986037 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10986037 bus:RegisteredOffice 2022-04-01 2023-03-31 10986037 bus:Director1 2022-04-01 2023-03-31 10986037 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10986037 countries:England 2022-04-01 2023-03-31 10986037 2021-04-01 2022-03-31 10986037 2022-03-31 10986037 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10986037 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 10986037

Beats Workin Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

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Beats Workin Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

1

Company Five Year Summary

3 to 4

 

Beats Workin Ltd

(Registration number: 10986037)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed Assets

5,534

7,664

Current assets

95,063

75,226

Prepayments and accrued income

114

87

Creditors: Amounts falling due within one year

(89,799)

(100,217)

Net current assets/(liabilities)

5,378

(24,904)

Total assets less current liabilities

10,912

(17,240)

Creditors: Amounts falling due after more than one year

(10,941)

(13,880)

Accruals and deferred income

(2,211)

(2,216)

 

(2,240)

(33,336)

Capital and Reserves

(2,240)

(33,336)

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
30 Bear Street
BARNSTAPLE
Devon
EX32 7DD

These financial statements were authorised for issue by the director on 9 November 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

 

Beats Workin Ltd

(Registration number: 10986037)
Balance Sheet as at 31 March 2023

2

Staff numbers

The average number of persons employed by the company (including the director under service contract) during the year, was 1 (2022 - 2).

For the financial year ending 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised for issue by the director on 9 November 2023
 


Mr Glenn Field
Director

 

Beats Workin Ltd

Five Period Profit and Loss Account for the Year Ended 31 March 2023
 

2023
£

2022
£

2021
£

2020
£

2019
£

Turnover

176,124

180,752

152,167

130,740

74,665

Cost of sales

(101,490)

(126,782)

(120,660)

(91,967)

(35,569)

Gross profit

74,634

53,970

31,507

38,773

39,096

Administrative expenses

(42,381)

(50,705)

(47,558)

(52,645)

(43,726)

Operating profit/(loss)

32,253

3,265

(16,051)

(13,872)

(4,630)

Other interest receivable and similar income

-

-

1

3

2

Interest payable and similar charges

(378)

-

-

(179)

-

(378)

-

1

(176)

2

Profit/(loss) before tax

31,875

3,265

(16,050)

(14,048)

(4,628)

Taxation

(778)

-

-

-

-

Profit/(loss) for the financial year

31,097

3,265

(16,050)

(14,048)

(4,628)

 

Beats Workin Ltd

Balance Sheet as at 31 March 2023
Five Period Summary

2023
£

2022
£

2021
£

2020
£

2019
£

Fixed Assets

Intangible assets

3,200

5,600

8,000

10,400

-

Tangible Assets

2,334

2,064

1,866

1,566

-

5,534

7,664

9,866

11,966

-

Current assets

Stocks

92,168

70,000

57,500

74,543

21,514

Debtors

114

1,569

1,204

1,501

-

Cash at bank and in hand

2,895

3,744

8,846

3,224

3,529

95,177

75,313

67,550

79,268

25,043

Creditors: Amounts falling due within one year

(92,010)

(102,433)

(98,920)

(111,688)

(31,449)

Net Current assets/(liabilities)

3,167

(27,120)

(31,370)

(32,420)

(6,406)

Total assets less current liabilities

8,701

(19,456)

(21,504)

(20,454)

(6,406)

Creditors: Amounts falling due after more than one year

(10,941)

(13,880)

(15,000)

-

-

Net liabilities

(2,240)

(33,336)

(36,504)

(20,454)

(6,406)

Capital and Reserves

Called up share capital

100

100

100

100

100

Profit and loss account

(2,340)

(33,436)

(36,604)

(20,554)

(6,506)

Total equity

(2,240)

(33,336)

(36,504)

(20,454)

(6,406)