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REGISTERED NUMBER: 11114268 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

The Bean Team (UK) Limited

The Bean Team (UK) Limited (Registered number: 11114268)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Bean Team (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J B Jackson





SECRETARY: Mrs V Jackson





REGISTERED OFFICE: Apartment 4
3 Quarrymans View
Timperley
Altrincham
Cheshire
WA15 7SB





REGISTERED NUMBER: 11114268 (England and Wales)





ACCOUNTANTS: Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

The Bean Team (UK) Limited (Registered number: 11114268)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,120 1,260

CURRENT ASSETS
Stocks 5,177 15,077
Cash at bank 9 6
5,186 15,083
CREDITORS
Amounts falling due within one year 5 36,453 32,852
NET CURRENT LIABILITIES (31,267 ) (17,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,147

)

(16,509

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (30,148 ) (16,510 )
(30,147 ) (16,509 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





J B Jackson - Director


The Bean Team (UK) Limited (Registered number: 11114268)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Bean Team (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of 10 years.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,400
AMORTISATION
At 1 January 2023 140
Charge for year 140
At 31 December 2023 280
NET BOOK VALUE
At 31 December 2023 1,120
At 31 December 2022 1,260

The Bean Team (UK) Limited (Registered number: 11114268)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 36,453 32,852