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REGISTERED NUMBER: 11749442 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Blue Bear Bookshop Ltd

Blue Bear Bookshop Ltd (Registered number: 11749442)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Bear Bookshop Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Ms S E Dobies
N O Schuller





REGISTERED OFFICE: 3 Town Hall Building
The Borough
Farnham
Surrey
GU9 7ND





REGISTERED NUMBER: 11749442 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Blue Bear Bookshop Ltd (Registered number: 11749442)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,928 44,309

CURRENT ASSETS
Stocks 26,310 10,500
Debtors 5 33,819 45,057
Cash at bank 704 5,612
60,833 61,169
CREDITORS
Amounts falling due within one year 6 317,536 300,272
NET CURRENT LIABILITIES (256,703 ) (239,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(220,775

)

(194,794

)

CREDITORS
Amounts falling due after more than one
year

7

18,690

23,333
NET LIABILITIES (239,465 ) (218,127 )

CAPITAL AND RESERVES
Called up share capital 9 12 12
Retained earnings (239,477 ) (218,139 )
SHAREHOLDERS' FUNDS (239,465 ) (218,127 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Blue Bear Bookshop Ltd (Registered number: 11749442)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





N O Schuller - Director


Blue Bear Bookshop Ltd (Registered number: 11749442)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Blue Bear Bookshop 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Blue Bear Bookshop Ltd (Registered number: 11749442)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

Going concern
The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

Blue Bear Bookshop Ltd (Registered number: 11749442)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 47,702 18,514 18,251 4,465 88,932
Additions - 680 - - 680
Disposals - - (380 ) - (380 )
At 31 January 2024 47,702 19,194 17,871 4,465 89,232
DEPRECIATION
At 1 February 2023 19,080 10,600 11,820 3,123 44,623
Charge for year 4,770 2,148 1,576 447 8,941
Eliminated on disposal - - (260 ) - (260 )
At 31 January 2024 23,850 12,748 13,136 3,570 53,304
NET BOOK VALUE
At 31 January 2024 23,852 6,446 4,735 895 35,928
At 31 January 2023 28,622 7,914 6,431 1,342 44,309

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 255 6,281
Other debtors 33,564 38,776
33,819 45,057

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 628 1,417
Taxation and social security 116 1,280
Other creditors 306,792 287,575
317,536 300,272

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 18,690 23,333

Blue Bear Bookshop Ltd (Registered number: 11749442)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 37,500 45,000
Between one and five years - 37,500
37,500 82,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
10 Ordinary A £1 10 10
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
12 12