Company Registration No. 11972831 (England and Wales)
Brownie and the Bean Limited
Unaudited accounts
for the year ended 31 May 2023
Brownie and the Bean Limited
Unaudited accounts
Contents
Brownie and the Bean Limited
Company Information
for the year ended 31 May 2023
Directors
Charlotte Giddings
Luke Giddings
Company Number
11972831 (England and Wales)
Registered Office
Fullmoon House
Half Moon Lane
Redgrave
Diss
IP22 1RX
England
Accountants
Ratiobox Limited
17-19 Sawmills Road
Diss
IP22 4GG
Brownie and the Bean Limited
Accountants' report
Accountants' report to the board of directors of Brownie and the Bean Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Brownie and the Bean Limited for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Brownie and the Bean Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Brownie and the Bean Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brownie and the Bean Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Brownie and the Bean Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Brownie and the Bean Limited. You consider that Brownie and the Bean Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Brownie and the Bean Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ratiobox Limited
17-19 Sawmills Road
Diss
IP22 4GG
9 February 2024
Brownie and the Bean Limited
Statement of financial position
as at 31 May 2023
Tangible assets
2,374
3,044
Cash at bank and in hand
150
323
Net current assets
33,644
31,361
Total assets less current liabilities
36,018
34,405
Creditors: amounts falling due after more than one year
(51,155)
(50,000)
Net liabilities
(15,137)
(15,595)
Called up share capital
100
100
Profit and loss account
(15,237)
(15,695)
Shareholders' funds
(15,137)
(15,595)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by
Charlotte Giddings
Director
Company Registration No. 11972831
Brownie and the Bean Limited
Notes to the Accounts
for the year ended 31 May 2023
Brownie and the Bean Limited is a private company, limited by shares, registered in England and Wales, registration number 11972831. The registered office is Fullmoon House , Half Moon Lane, Redgrave, Diss, IP22 1RX, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
15% reducing balance
Fixtures & fittings
5 years straight line
Computer equipment
4 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Brownie and the Bean Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
1,400
3,828
479
5,707
At 31 May 2023
1,400
3,828
479
5,707
At 1 June 2022
542
1,772
349
2,663
Charge for the year
129
411
130
670
At 31 May 2023
671
2,183
479
3,333
At 31 May 2023
729
1,645
-
2,374
At 31 May 2022
858
2,056
130
3,044
Amounts falling due within one year
Amounts due from group undertakings etc.
16,664
18,880
Other debtors
14,830
10,158
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 0 (2022: 1).