Registered number
07309237
B & E LTD
Filleted Accounts
30 June 2023
B & E LTD
Registered number: 07309237
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 45,214 45,387
Current assets
Stocks 18,820 10,580
Debtors 4 613 -
Cash at bank and in hand 87,971 112,722
107,404 123,302
Creditors: amounts falling due within one year 5 (114,608) (90,749)
Net current (liabilities)/assets (7,204) 32,553
Total assets less current liabilities 38,010 77,940
Creditors: amounts falling due after more than one year 6 (16,702) (26,664)
Net assets 21,308 51,276
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,208 51,176
Shareholders' funds 21,308 51,276
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 his 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.
Mr. Erhan Battal
Director
Approved by the board on 13 January 2024
B & E 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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 in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, as folllows;
Fix, fittings & equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Corporation tax liability is not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 11
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 July 2022 98,303
Additions 7,997
At 30 June 2023 106,300
Depreciation
At 1 July 2022 52,916
Charge for the year 8,170
At 30 June 2023 61,086
Net book value
At 30 June 2023 45,214
At 30 June 2022 45,387
4 Debtors 2023 2022
£ £
Prepayments 613 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
V.A.T. 3,726 5,904
Bank loans 10,764 11,019
Corporation tax 11,211
Social security costs 328 102
Other creditors 99,790 62,513
114,608 90,749
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,702 26,664
7 Other information
B & E LTD is a private company limited by shares and incorporated in England. Its registered office is:
147 Cranbrook Road
Ilford
Essex
IG1 4PU
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