Company registration number NI689002 (Northern Ireland)
UTILITY BEAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
UTILITY BEAR LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
£
£
Fixed assets
78,084
Current assets
98,849
Creditors: amounts falling due within one year
(314,834)
Net current liabilities
(215,985)
Total assets less current liabilities
(137,901)
Net liabilities
(137,901)
Capital and reserves
(137,901)
Notes to the financial statements
1
Reporting period

The company was incorporated on 15 June 2022 and commenced trading on 3 October 2022. These financial statements cover the period from 15 June 2022 to 30 June 2023.

 

2
Employees

The average number of persons, including directors, employed by the company during the period ended was as follows:

2023
Number
Employees
2
3
Going concern

The financial statements have been prepared on a going concern basis.

 

Having considered cashflow requirements the directors are confident that the company will continue in business for at least the next twelve months from the date of signing these accounts.

 

Accordingly, the directors consider it appropriate that the financial statements in respect of the period ended 30 June 2023 be prepared on a going concern basis.

4
Transactions with directors

The company operates from property owned by a director, on a rent free basis.

 

At the balance sheet date £100,183 was owed to a director by the company.


No interest is charged on director's current account and there are no terms of repayment.

UTILITY BEAR LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 2 -

Utility Bear Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 1st Floor, 39-41 Wellington Street, Ballymena, Co Antrim, BT43 6AD.

For the period ended ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period ended in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 March 2024 and are signed on its behalf by:
..............................................
Mr J Wallace
Director
Company registration number NI689002 (Northern Ireland)
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