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REGISTERED NUMBER: 13901328 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

IBEE Utilities LTD

IBEE Utilities LTD (Registered number: 13901328)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IBEE Utilities LTD

Company Information
for the Year Ended 29th February 2024







DIRECTOR: I R Bee





SECRETARY:





REGISTERED OFFICE: 49 Y Glyn
Caernarfon
Gwynedd
LL55 1HF





REGISTERED NUMBER: 13901328 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

IBEE Utilities LTD (Registered number: 13901328)

Balance Sheet
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,601 37,345

CURRENT ASSETS
Debtors 5 16,466 46,746
Cash at bank 327 6,405
16,793 53,151
CREDITORS
Amounts falling due within one year 6 17,667 19,477
NET CURRENT (LIABILITIES)/ASSETS (874 ) 33,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,727

71,019

CREDITORS
Amounts falling due after more than one year 7 26,442 27,815
NET ASSETS 12,285 43,204

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,284 43,203
12,285 43,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

IBEE Utilities LTD (Registered number: 13901328)

Balance Sheet - continued
29th February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th April 2024 and were signed by:





I R Bee - Director


IBEE Utilities LTD (Registered number: 13901328)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

IBEE Utilities LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

IBEE Utilities LTD (Registered number: 13901328)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 49,665
Additions 15,331
At 29th February 2024 64,996
DEPRECIATION
At 1st March 2023 12,320
Charge for year 13,075
At 29th February 2024 25,395
NET BOOK VALUE
At 29th February 2024 39,601
At 28th February 2023 37,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 5,115 -
Other debtors 11,351 46,746
16,466 46,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Hire purchase contracts 13,592 10,404
Trade creditors (1 ) 1
Taxation and social security - 7,572
Other creditors 4,076 1,500
17,667 19,477

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Hire purchase contracts 26,442 27,815

IBEE Utilities LTD (Registered number: 13901328)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29th February 2024 and the period ended 28th February 2023:

29/2/24 28/2/23
£    £   
I R Bee
Balance outstanding at start of year 5,546 -
Amounts advanced - 5,546
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,546