Company Registration No. 11997193 (England and Wales)
Bear Town Ltd
Unaudited accounts
for the year ended 30 June 2023
Bear Town Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
461,106
469,273
Cash at bank and in hand
29,889
14,364
Creditors: amounts falling due within one year
(334,648)
(377,790)
Net current liabilities
(304,428)
(363,097)
Net assets
156,678
106,176
Called up share capital
100
100
Profit and loss account
156,578
106,076
Shareholders' funds
156,678
106,176
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 director acknowledges his 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 and authorised for issue on 28 September 2023 and were signed on its behalf by
Ben Jordan
Director
Company Registration No. 11997193
Bear Town Ltd
Notes to the Accounts
for the year ended 30 June 2023
Bear Town Ltd is a private company, limited by shares, registered in England and Wales, registration number 11997193. The registered office is Westcott, Collumpton, Devon, EX15 1SA.
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.
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:
Plant & machinery
25% straight line.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
451,920
31,676
987
484,583
At 30 June 2023
451,920
31,676
987
484,583
At 1 July 2022
-
14,945
365
15,310
Charge for the year
-
7,920
247
8,167
At 30 June 2023
-
22,865
612
23,477
At 30 June 2023
451,920
8,811
375
461,106
At 30 June 2022
451,920
16,731
622
469,273
Amounts falling due within one year
Bear Town Ltd
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,380
11,337
Trade creditors
16,265
18,932
Amounts owed to group undertakings and other participating interests
227,304
339,498
Taxes and social security
2,099
-
Loans from directors
-
500
7
Transactions with related parties
At the year end the company owed £227,304 (2022: £339,498), to The Bear Trail Ltd, it's parent company.
During the year the company was recharged staff wages of £185,849 (2021: £106,979) by The Bear Trail Ltd.
During the year the company was recharged overhead and capital purchase costs of £17,090 (2021: £17,702) by The Bear Trail Ltd.
During the year Bear Town Ltd repaid £306,178 to The Bear Trail Ltd (2021: £284,048).
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Average number of employees
During the year the average number of employees was 0 (2022: 0).