Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 09799981 Mr Ross Coen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09799981 2023-02-28 09799981 2024-02-28 09799981 2023-03-01 2024-02-28 09799981 frs-core:CurrentFinancialInstruments 2024-02-28 09799981 frs-core:Non-currentFinancialInstruments 2024-02-28 09799981 frs-core:ComputerEquipment 2024-02-28 09799981 frs-core:ComputerEquipment 2023-03-01 2024-02-28 09799981 frs-core:ComputerEquipment 2023-02-28 09799981 frs-core:FurnitureFittings 2024-02-28 09799981 frs-core:FurnitureFittings 2023-03-01 2024-02-28 09799981 frs-core:FurnitureFittings 2023-02-28 09799981 frs-core:MotorVehicles 2024-02-28 09799981 frs-core:MotorVehicles 2023-03-01 2024-02-28 09799981 frs-core:MotorVehicles 2023-02-28 09799981 frs-core:PlantMachinery 2024-02-28 09799981 frs-core:PlantMachinery 2023-03-01 2024-02-28 09799981 frs-core:PlantMachinery 2023-02-28 09799981 frs-core:ShareCapital 2024-02-28 09799981 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 09799981 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09799981 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 09799981 frs-bus:SmallEntities 2023-03-01 2024-02-28 09799981 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09799981 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 09799981 frs-bus:Director1 2023-03-01 2024-02-28 09799981 frs-countries:EnglandWales 2023-03-01 2024-02-28 09799981 2022-02-28 09799981 2023-02-28 09799981 2022-03-01 2023-02-28 09799981 frs-core:CurrentFinancialInstruments 2023-02-28 09799981 frs-core:Non-currentFinancialInstruments 2023-02-28 09799981 frs-core:ShareCapital 2023-02-28 09799981 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09799981
Bumblebee Plumbing & Heating Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09799981
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,334 20,018
12,334 20,018
CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 31,712 36,224
Cash at bank and in hand 104,047 108,987
139,759 149,211
Creditors: Amounts Falling Due Within One Year 6 (128,504 ) (123,502 )
NET CURRENT ASSETS (LIABILITIES) 11,255 25,709
TOTAL ASSETS LESS CURRENT LIABILITIES 23,589 45,727
Creditors: Amounts Falling Due After More Than One Year 7 (12,500 ) (22,256 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (3,083 ) (5,005 )
NET ASSETS 8,006 18,466
CAPITAL AND RESERVES
Called up share capital 9 11 11
Profit and Loss Account 7,995 18,455
SHAREHOLDERS' FUNDS 8,006 18,466
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ross Coen
Director
06/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bumblebee Plumbing & Heating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09799981 . The registered office is 29 Bransdale Close, Great Sankey, Warrington, Cheshire, WA5 3FW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives of five years using the straight line method.
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 4,869 79,933 2,183 9,380 96,365
Disposals - (13,900 ) - - (13,900 )
As at 28 February 2024 4,869 66,033 2,183 9,380 82,465
Depreciation
As at 1 March 2023 4,781 64,802 2,088 4,676 76,347
Provided during the period 88 5,929 95 1,572 7,684
Disposals - (13,900 ) - - (13,900 )
As at 28 February 2024 4,869 56,831 2,183 6,248 70,131
Net Book Value
As at 28 February 2024 - 9,202 - 3,132 12,334
As at 1 March 2023 88 15,131 95 4,704 20,018
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,712 21,509
Other debtors - 14,715
31,712 36,224
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,025 28,933
Bank loans and overdrafts 10,000 10,000
Corporation tax 44,287 32,059
Other taxes and social security 4,766 206
VAT 19,475 17,976
Other creditors 55 -
Accruals and deferred income 2,819 3,435
Director's loan account 26,077 30,893
128,504 123,502
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,500 22,256
8. Deferred Taxation
The provision for deferred taxation wholly consists of accelerated capital allowances.
2024 2023
£ £
Other timing differences 3,083 5,005
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11 11
10. Directors Advances, Credits and Guarantees
Included within Creditors is a loan of £26,077 (2023: £30,893) from the director.
The above loan is unsecured, interest free and repayable on demand.
Page 5