Company Registration No. 10504687 (England and Wales)
Believe & Be Ltd.
Unaudited accounts
for the year ended 30 November 2023
Believe & Be Ltd.
Unaudited accounts
Contents
Believe & Be Ltd.
Company Information
for the year ended 30 November 2023
Company Number
10504687 (England and Wales)
Registered Office
39 MEDOMSLEY ROAD
CONSETT
DH8 5HE
UNITED KINGDOM
Believe & Be Ltd.
Statement of financial position
as at 30 November 2023
Intangible assets
15,000
15,000
Cash at bank and in hand
721
665
Creditors: amounts falling due within one year
(8,099)
(8,476)
Net current liabilities
(5,378)
(5,811)
Total assets less current liabilities
9,622
9,189
Creditors: amounts falling due after more than one year
(38,701)
(42,583)
Net liabilities
(29,079)
(33,394)
Called up share capital
2
2
Profit and loss account
(29,081)
(33,396)
Shareholders' funds
(29,079)
(33,394)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 June 2024 and were signed on its behalf by
Karen Masters
Director
Company Registration No. 10504687
Believe & Be Ltd.
Notes to the Accounts
for the year ended 30 November 2023
Believe & Be Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10504687. The registered office is 39 MEDOMSLEY ROAD, CONSETT, DH8 5HE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Believe & Be Ltd.
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 December 2022
15,000
1,483
16,483
At 30 November 2023
15,000
1,483
16,483
At 1 December 2022
-
1,483
1,483
At 30 November 2023
-
1,483
1,483
At 30 November 2023
15,000
-
15,000
At 30 November 2022
15,000
-
15,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
27,349
9,831
37,180
At 30 November 2023
27,349
9,831
37,180
At 1 December 2022
27,349
9,831
37,180
At 30 November 2023
27,349
9,831
37,180
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,563
4,563
Taxes and social security
-
1,108
Loans from directors
2,686
1,844
Believe & Be Ltd.
Notes to the Accounts
for the year ended 30 November 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
30,732
30,732
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).