Registered number
06099214
BEB7 Limited
Unaudited Filleted Accounts
31 March 2024
BEB7 Limited
Registered number: 06099214
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,456 352,866
Current assets
Debtors 4 4,545 -
Cash at bank and in hand 18,352 823
22,897 823
Creditors: amounts falling due within one year 5 (11,156) (774)
Net current assets 11,741 49
Total assets less current liabilities 28,197 352,915
Creditors: amounts falling due after more than one year 6 - (395,028)
Net assets/(liabilities) 28,197 (42,113)
Capital and reserves
Called up share capital 500 500
Profit and loss account 27,697 (42,613)
Shareholders' funds 28,197 (42,113)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Barbara Elizabeth Babbage
Director
Approved by the board on 16 August 2024
BEB7 Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 4 years
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Taxation
A 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. 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 tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 343,796 13,327 38,000 395,123
Additions - 500 - 500
Disposals (343,796) - - (343,796)
At 31 March 2024 - 13,827 38,000 51,827
Depreciation
At 1 April 2023 13,090 10,011 19,156 42,257
Charge for the year - 1,493 4,711 6,204
On disposals (13,090) - - (13,090)
At 31 March 2024 - 11,504 23,867 35,371
Net book value
At 31 March 2024 - 2,323 14,133 16,456
At 31 March 2023 330,706 3,316 18,844 352,866
4 Debtors 2024 2023
£ £
Other debtors 4,545 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 10,526 753
Other creditors 630 21
11,156 774
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 395,028
7 Other information
BEB7 Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cherington Mill
Main Street
Cherington
Shipston-On-Stour
CV36 5HS
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