Bee Mortgage Wise Ltd |
Notes to the Accounts |
for the year ended 31 August 2024 |
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1 |
Accounting policies |
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Turnover |
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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 rendering of services. |
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Tangible fixed assets |
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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: |
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Fixtures, fittings, tools and equipment |
20% by Reducing Balance |
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Creditors |
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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. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 September 2023 |
2,047 |
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At 31 August 2024 |
2,047 |
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Depreciation |
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At 1 September 2023 |
747 |
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Charge for the year |
260 |
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At 31 August 2024 |
1,007 |
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Net book value |
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At 31 August 2024 |
1,040 |
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At 31 August 2023 |
1,300 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Taxation and social security costs |
2,606 |
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6,291 |
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Other creditors |
782 |
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1,090 |
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3,388 |
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7,381 |
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5 |
Other information |
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Bee Mortgage Wise Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
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86 High Street |
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Markinch |
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Fife |
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KY7 6DQ |