Company registration number 10464972 (England and Wales)
BUMBLEBEE LIGHTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
BUMBLEBEE LIGHTING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BUMBLEBEE LIGHTING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
49,201
45,372
Current assets
Stocks
357,631
261,461
Debtors
5
295,036
493,444
Cash at bank and in hand
703,144
485,617
1,355,811
1,240,522
Creditors: amounts falling due within one year
6
(342,574)
(430,414)
Net current assets
1,013,237
810,108
Total assets less current liabilities
1,062,438
855,480
Creditors: amounts falling due after more than one year
7
(11,667)
(21,667)
Provisions for liabilities
(7,699)
(11,343)
Net assets
1,043,072
822,470
Capital and reserves
Called up share capital
102
100
Profit and loss reserves
1,042,970
822,370
Total equity
1,043,072
822,470
BUMBLEBEE LIGHTING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

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

For the financial year ended 31 March 2024 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 year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 19 August 2024 and are signed on its behalf by:
Mrs R R Oliver
Mr W W East
Director
Director
Company Registration No. 10464972
BUMBLEBEE LIGHTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Bumblebee Lighting Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tagus House, 9 Ocean Way, Southampton, Hampshire, United Kingdom, SO14 3TJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets. A provision is made for any impairment loss and taken to the profit and loss account.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

BUMBLEBEE LIGHTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only enters into Basic financial instrument transactions.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

BUMBLEBEE LIGHTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in the tax assessments.

 

Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

The company's liability for current and deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
25
20
BUMBLEBEE LIGHTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2023
33,530
9,867
13,434
6,341
10,500
73,672
Additions
1,610
4,214
1,535
1,870
5,495
14,724
At 31 March 2024
35,140
14,081
14,969
8,211
15,995
88,396
Depreciation and impairment
At 1 April 2023
13,358
3,795
3,631
2,776
4,740
28,300
Depreciation charged in the year
3,378
2,159
2,624
1,180
1,554
10,895
At 31 March 2024
16,736
5,954
6,255
3,956
6,294
39,195
Carrying amount
At 31 March 2024
18,404
8,127
8,714
4,255
9,701
49,201
At 31 March 2023
20,172
6,072
9,803
3,565
5,760
45,372
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
252,323
427,141
Corporation tax recoverable
-
0
11,848
Other debtors
42,713
54,455
295,036
493,444
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
80,249
64,699
Corporation tax
99,235
84,157
Other taxation and social security
65,518
98,214
Other creditors
87,572
173,344
342,574
430,414
BUMBLEBEE LIGHTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,667
21,667
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Key management personnel
50,596
150,415
2024-03-312023-04-01false19 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMrs R R OliverMr W W EastMrs H T A Eastfalsefalse104649722023-04-012024-03-31104649722024-03-31104649722023-03-3110464972core:LeaseholdImprovements2024-03-3110464972core:PlantMachinery2024-03-3110464972core:FurnitureFittings2024-03-3110464972core:ComputerEquipment2024-03-3110464972core:MotorVehicles2024-03-3110464972core:LeaseholdImprovements2023-03-3110464972core:PlantMachinery2023-03-3110464972core:FurnitureFittings2023-03-3110464972core:ComputerEquipment2023-03-3110464972core:MotorVehicles2023-03-3110464972core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3110464972core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3110464972core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3110464972core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3110464972core:CurrentFinancialInstruments2024-03-3110464972core:CurrentFinancialInstruments2023-03-3110464972core:ShareCapital2024-03-3110464972core:ShareCapital2023-03-3110464972core:RetainedEarningsAccumulatedLosses2024-03-3110464972core:RetainedEarningsAccumulatedLosses2023-03-3110464972bus:Director12023-04-012024-03-3110464972bus:Director22023-04-012024-03-3110464972core:LeaseholdImprovements2023-04-012024-03-3110464972core:PlantMachinery2023-04-012024-03-3110464972core:FurnitureFittings2023-04-012024-03-3110464972core:ComputerEquipment2023-04-012024-03-3110464972core:MotorVehicles2023-04-012024-03-31104649722022-04-012023-03-3110464972core:LeaseholdImprovements2023-03-3110464972core:PlantMachinery2023-03-3110464972core:FurnitureFittings2023-03-3110464972core:ComputerEquipment2023-03-3110464972core:MotorVehicles2023-03-31104649722023-03-3110464972core:WithinOneYear2024-03-3110464972core:WithinOneYear2023-03-3110464972core:Non-currentFinancialInstruments2024-03-3110464972core:Non-currentFinancialInstruments2023-03-3110464972bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110464972bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110464972bus:FRS1022023-04-012024-03-3110464972bus:AuditExemptWithAccountantsReport2023-04-012024-03-3110464972bus:Director32023-04-012024-03-3110464972bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP