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REGISTERED NUMBER: 01056442 (England and Wales)















Financial Statements for the Year Ended 30th November 2023

for

Busy B's Limited

Busy B's Limited (Registered number: 01056442)

Contents of the Financial Statements
for the year ended 30th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Busy B's Limited

Company Information
for the year ended 30th November 2023







DIRECTORS: Mr B Bennett
Mrs C A Bennett
Mr A Bennett
Mrs P Hill





SECRETARY: Mrs C A Bennett





REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 01056442 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Busy B's Limited (Registered number: 01056442)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,607,237 5,711,235

CURRENT ASSETS
Stocks 361,000 350,555
Debtors 5 26,920 4,608
Cash at bank 191,677 326,566
579,597 681,729
CREDITORS
Amounts falling due within one year 6 253,133 301,846
NET CURRENT ASSETS 326,464 379,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,933,701

6,091,118

CREDITORS
Amounts falling due after more than one
year

7

(264,466

)

(342,885

)

PROVISIONS FOR LIABILITIES 9 (805,969 ) (825,340 )
NET ASSETS 4,863,266 4,922,893

CAPITAL AND RESERVES
Called up share capital 91 91
Fair value reserve 10 4,087,385 4,087,385
Retained earnings 775,790 835,417
SHAREHOLDERS' FUNDS 4,863,266 4,922,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Busy B's Limited (Registered number: 01056442)

Balance Sheet - continued
30th November 2023


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 Board of Directors and authorised for issue on 6th August 2024 and were signed on its behalf by:




Mr B Bennett - Director



Mrs C A Bennett - Director


Busy B's Limited (Registered number: 01056442)

Notes to the Financial Statements
for the year ended 30th November 2023


1. STATUTORY INFORMATION

Busy B's Limited 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

Busy B's Limited (Registered number: 01056442)

Notes to the Financial Statements - continued
for the year ended 30th November 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property equipment vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1st December 2022 6,145,000 99,689 142,315 6,387,004
Additions - 550 49,600 50,150
Disposals - (2,201 ) (42,460 ) (44,661 )
At 30th November 2023 6,145,000 98,038 149,455 6,392,493
DEPRECIATION
At 1st December 2022 484,275 92,291 99,203 675,769
Charge for year 122,900 2,371 21,286 146,557
Eliminated on disposal - (2,183 ) (34,887 ) (37,070 )
At 30th November 2023 607,175 92,479 85,602 785,256
NET BOOK VALUE
At 30th November 2023 5,537,825 5,559 63,853 5,607,237
At 30th November 2022 5,660,725 7,398 43,112 5,711,235

Cost or valuation at 30th November 2023 is represented by:

Freehold Plant and Motor
property equipment vehicles Totals
£    £    £    £   
Valuation in 2023 6,145,000 98,038 149,455 6,392,493

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 26,920 4,608

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,648 36,648
Trade creditors 71,522 117,452
Taxation and social security 124,306 122,465
Other creditors 20,657 25,281
253,133 301,846

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 264,466 342,885

Busy B's Limited (Registered number: 01056442)

Notes to the Financial Statements - continued
for the year ended 30th November 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 227,818 306,237

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 301,114 379,533

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 805,969 825,340

Deferred
tax
£   
Balance at 1st December 2022 825,340
Credit to Income Statement during year (19,371 )
Balance at 30th November 2023 805,969

10. RESERVES
Fair
value
reserve
£   
At 1st December 2022
and 30th November 2023 4,087,385

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owes the director, B Bennett £3,408. The loan is interest free and repayable on demand.