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REGISTERED NUMBER: 09672716 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

2B HEARD LIMITED

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2B HEARD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: S Nankivell
D A Wooster





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 09672716 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 449,848 337,370
Investments 5 1,491,691 -
1,941,539 337,370

CURRENT ASSETS
Stocks 372,221 364,426
Debtors 6 31,285 246,578
Cash at bank 39,352 64,566
442,858 675,570
CREDITORS
Amounts falling due within one year 7 1,942,029 632,143
NET CURRENT (LIABILITIES)/ASSETS (1,499,171 ) 43,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,368

380,797

CREDITORS
Amounts falling due after more than one
year

8

348,001

196,196
NET ASSETS 94,367 184,601

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 93,967 184,201
SHAREHOLDERS' FUNDS 94,367 184,601

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

BALANCE SHEET - continued
31 AUGUST 2023


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 26 March 2024 and were signed on its behalf by:




S Nankivell - Director



D A Wooster - Director


2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

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


1. STATUTORY INFORMATION

2B Heard Limited 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.
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 9 (2022 - 4 ) .

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

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


4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 314,101 2,095 56,193 - 372,389
Additions 64,771 210 23,503 42,488 130,972
Disposals - - (6,500 ) - (6,500 )
At 31 August 2023 378,872 2,305 73,196 42,488 496,861
DEPRECIATION
At 1 September 2022 - 97 34,922 - 35,019
Charge for year - 504 8,403 7,498 16,405
Eliminated on disposal - - (4,411 ) - (4,411 )
At 31 August 2023 - 601 38,914 7,498 47,013
NET BOOK VALUE
At 31 August 2023 378,872 1,704 34,282 34,990 449,848
At 31 August 2022 314,101 1,998 21,271 - 337,370

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1,491,691
At 31 August 2023 1,491,691
NET BOOK VALUE
At 31 August 2023 1,491,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,754 240,330
Other debtors 1,717 -
Directors' current accounts 516 5,531
Prepayments 9,298 717
31,285 246,578

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 134,103 46,337
Other loans 18,000 28,757
Finance leases (see note 9) 17,886 -
Trade creditors 229,609 197,875
Amounts owed to group undertakings 989,913 -
Tax 129,884 150,176
Social security and other taxes 9,754 2,807
VAT 50,311 120,973
Other creditors 58,129 48,704
Directors' current accounts 15,792 24,861
Accruals 288,648 11,653
1,942,029 632,143

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 18,473 22,732
Bank loans - 2-5 years 56,327 53,195
Bank loans more 5 yr by instal 78,480 91,769
Other loans - 1-2 years 10,500 18,000
Other loans - 2-5 years - 10,500
Finance leases (see note 9) 17,554 -
Accruals and deferred income 166,667 -
348,001 196,196

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 78,480 91,769

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year 17,886 -
Between one and five years 17,554 -
35,440 -

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 171,611 185,458

The bank overdraft and loan are secured by a debenture, granted by the company, held by HSBC Bank Plc over all company assets.

The other loan is secured by a fixed and floating charge over the assets of the company.

The directors have given personal guarantees over the other loan.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
D A Wooster
Balance outstanding at start of year 5,530 -
Amounts advanced - 5,530
Amounts repaid (5,015 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 515 5,530

12. RELATED PARTY DISCLOSURES

At the year end 2B Heard Limited was owed £50,060 (2022: £nil) from Omnisonic International Limited, a company owned by 2B Heard Limited. There are no set repayment terms and no interest (2022: £nil) is due.

13. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholdings.