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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
Page
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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
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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
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Brownie and the Bean Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,374 
3,044 
Current assets
Inventories
2,000 
2,000 
Debtors
31,494 
29,038 
Cash at bank and in hand
150 
323 
33,644 
31,361 
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)
Capital and reserves
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
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Brownie and the Bean Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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.
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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 
Depreciation
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 
Net book value
At 31 May 2023
729 
1,645 
- 
2,374 
At 31 May 2022
858 
2,056 
130 
3,044 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
16,664 
18,880 
Other debtors
14,830 
10,158 
31,494 
29,038 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
51,155 
50,000 
7
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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