Registered number
13477757
Mybee Ltd
Filleted Accounts
30 June 2023
Mybee Ltd
Registered number: 13477757
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,705 15,930
Current assets
Debtors 4 100 16,027
Cash at bank and in hand 15,910 2,692
16,010 18,719
Creditors: amounts falling due within one year 5 (11,629) (19,418)
Net current assets/(liabilities) 4,381 (699)
Net assets 19,086 15,231
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,986 15,131
Shareholders' funds 19,086 15,231
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Miron
Director
Approved by the board on 21 February 2024
Mybee Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the granting of licences and receipt of rental income from such licences.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2022 17,155
At 30 June 2023 17,155
Depreciation
At 1 July 2022 1,225
Charge for the year 1,225
At 30 June 2023 2,450
Net book value
At 30 June 2023 14,705
At 30 June 2022 15,930
4 Debtors 2023 2022
£ £
Other debtors 100 16,027
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,309 3,921
Other creditors 10,320 15,497
11,629 19,418
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 735,000 790,000
7 Related party transactions
100% of the company's sales income is receivable from The Steak Shop Limited, a company under common control.
8 Other information
Mybee Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31 Haven Green
Ealing
London
W5 2NX
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