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REGISTERED NUMBER: 11362691 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

14&B LTD

14&B LTD (REGISTERED NUMBER: 11362691)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


14&B LTD

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTORS: R C Marten
N De Beer





REGISTERED OFFICE: 88 North Street
Hornchurch
Essex
RM11 1SR





REGISTERED NUMBER: 11362691 (England and Wales)





ACCOUNTANTS: Lipson & Co
88 North Street
Hornchurch
Essex
RM11 1SR

14&B LTD (REGISTERED NUMBER: 11362691)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237 316

CURRENT ASSETS
Debtors 5 112,740 78,698
Cash at bank 15,641 15,309
128,381 94,007
CREDITORS
Amounts falling due within one year 6 61,550 26,618
NET CURRENT ASSETS 66,831 67,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,068

67,705

CREDITORS
Amounts falling due after more than one
year

7

62,832

65,661
NET ASSETS 4,236 2,044

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,136 1,944
4,236 2,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





R C Marten - Director


14&B LTD (REGISTERED NUMBER: 11362691)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

14&B 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

14&B LTD (REGISTERED NUMBER: 11362691)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 1,000
DEPRECIATION
At 1 June 2022 684
Charge for year 79
At 31 May 2023 763
NET BOOK VALUE
At 31 May 2023 237
At 31 May 2022 316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,063 54,307
Other debtors 74,677 24,391
112,740 78,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,826 9,562
Trade creditors 28,195 -
Taxation and social security 23,458 16,096
Other creditors 1,071 960
61,550 26,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 62,832 65,661

8. ULTIMATE CONTROLLING PARTY

The company is under no overall control by any one party due to no shareholder owning a majority of the issued share capital.