Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07331771 Mr Robert Bean Mrs Rose Bean iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07331771 2022-12-31 07331771 2023-12-31 07331771 2023-01-01 2023-12-31 07331771 frs-core:CurrentFinancialInstruments 2023-12-31 07331771 frs-core:MotorVehicles 2023-12-31 07331771 frs-core:MotorVehicles 2023-01-01 2023-12-31 07331771 frs-core:MotorVehicles 2022-12-31 07331771 frs-core:PlantMachinery 2023-12-31 07331771 frs-core:PlantMachinery 2023-01-01 2023-12-31 07331771 frs-core:PlantMachinery 2022-12-31 07331771 frs-core:ShareCapital 2023-12-31 07331771 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07331771 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07331771 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07331771 frs-bus:SmallEntities 2023-01-01 2023-12-31 07331771 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07331771 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07331771 frs-core:DeferredTaxation 2023-01-01 2023-12-31 07331771 frs-core:DeferredTaxation 2022-12-31 07331771 frs-core:DeferredTaxation 2023-12-31 07331771 frs-core:CostValuation 2022-12-31 07331771 frs-core:AdditionsToInvestments 2023-12-31 07331771 frs-core:DisposalsRepaymentsInvestments 2023-12-31 07331771 frs-core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 07331771 frs-core:CostValuation 2023-12-31 07331771 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 07331771 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 07331771 frs-bus:Director1 2023-01-01 2023-12-31 07331771 frs-bus:Director2 2023-01-01 2023-12-31 07331771 frs-countries:EnglandWales 2023-01-01 2023-12-31 07331771 2021-12-31 07331771 2022-12-31 07331771 2022-01-01 2022-12-31 07331771 frs-core:CurrentFinancialInstruments 2022-12-31 07331771 frs-core:ShareCapital 2022-12-31 07331771 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07331771
The Robert Bean Branding Co. Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Broadwing Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07331771
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,645 30,224
Investment Properties 5 59,796 -
Investments 6 186,120 213,055
260,561 243,279
CURRENT ASSETS
Debtors 7 10,088 12,398
Cash at bank and in hand 50,445 23,075
60,533 35,473
Creditors: Amounts Falling Due Within One Year 8 (145,581 ) (161,347 )
NET CURRENT ASSETS (LIABILITIES) (85,048 ) (125,874 )
TOTAL ASSETS LESS CURRENT LIABILITIES 175,513 117,405
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,099 )
NET ASSETS 175,513 116,306
CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Profit and Loss Account 171,513 112,306
SHAREHOLDERS' FUNDS 175,513 116,306
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Robert Bean
Director
19/09/2024
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
The Robert Bean Branding Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07331771 . The registered office is 3 Millwood Street, London, W10 6EH.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 on the following bases:
Plant & Machinery 25% SL
Motor Vehicles 25% SL
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 8,795 59,490 68,285
Disposals (5,179 ) - (5,179 )
As at 31 December 2023 3,616 59,490 63,106
Depreciation
As at 1 January 2023 7,494 30,567 38,061
Provided during the period 706 14,873 15,579
Disposals (5,179 ) - (5,179 )
As at 31 December 2023 3,021 45,440 48,461
Net Book Value
As at 31 December 2023 595 14,050 14,645
As at 1 January 2023 1,301 28,923 30,224
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 -
Additions 59,796
As at 31 December 2023 59,796
6. Investments
Other
£
Cost
As at 1 January 2023 213,055
Additions 7,890
Disposals (50,000 )
Revaluations 15,175
As at 31 December 2023 186,120
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 186,120
As at 1 January 2023 213,055
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Page 5
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 5,265
Other debtors 7,133 7,133
Deferred tax current asset 2,955 -
10,088 12,398
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 37,859 -
Corporation tax 27,516 16,686
Other taxes and social security 18,961 2,439
Other creditors 23,245 142,222
Directors' loan accounts 38,000 -
145,581 161,347
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 1,099 1,099
Deferred taxation (4,054 ) (4,054 )
Balance at 31 December 2023 (2,955 ) (2,955)
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4,000 4,000
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