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REGISTERED NUMBER: 12957835 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BEAR JOE LTD

BEAR JOE LTD (REGISTERED NUMBER: 12957835)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEAR JOE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Lord J V Elliott
J Thain
K Thain





REGISTERED OFFICE: 124 Scrub Lane
Benfleet
Essex
SS7 2JP





REGISTERED NUMBER: 12957835 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

BEAR JOE LTD (REGISTERED NUMBER: 12957835)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,782 2,525

CURRENT ASSETS
Debtors 5 36,349 24,171
Cash at bank 13,771 29,449
50,120 53,620
CREDITORS
Amounts falling due within one year 6 52,815 55,860
NET CURRENT LIABILITIES (2,695 ) (2,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87

285

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 8 83 281
SHAREHOLDERS' FUNDS 87 285

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 28 March 2024 and were signed on its behalf by:





Lord J V Elliott - Director


BEAR JOE LTD (REGISTERED NUMBER: 12957835)

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

1. STATUTORY INFORMATION

Bear JOE 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

BEAR JOE LTD (REGISTERED NUMBER: 12957835)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 3,069 655 3,724
Additions 998 462 1,460
At 31 October 2023 4,067 1,117 5,184
DEPRECIATION
At 1 November 2022 767 432 1,199
Charge for year 826 377 1,203
At 31 October 2023 1,593 809 2,402
NET BOOK VALUE
At 31 October 2023 2,474 308 2,782
At 31 October 2022 2,302 223 2,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,877 13,178
Other debtors - 559
Directors' current accounts 27,472 10,434
36,349 24,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 11,955 9,554
Social security and other taxes 175 134
Pension control account - 160
VAT 11,017 2,894
Other creditors 20,000 20,000
Inter-company account 8,318 8,318
Accrued expenses 1,350 14,800
52,815 55,860

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4

BEAR JOE LTD (REGISTERED NUMBER: 12957835)

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

8. RESERVES
Retained
earnings
£   

At 1 November 2022 281
Profit for the year 19,602
Dividends (19,800 )
At 31 October 2023 83

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Lord J V Elliott
Balance outstanding at start of year 10,434 4,855
Amounts advanced 44,429 47,734
Amounts repaid (28,191 ) (42,155 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,672 10,434

The Director's overdrawn balance will be fully repaid by 31 July 2024.