Honey Bee Media Ltd 5616745 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is television production. Digita Accounts Production Advanced 6.30.9574.0 true true 5616745 2023-01-01 2023-12-31 5616745 2023-12-31 5616745 bus:Director2 2023-12-31 5616745 bus:OrdinaryShareClass1 2023-12-31 5616745 bus:OrdinaryShareClass2 2023-12-31 5616745 bus:OrdinaryShareClass3 2023-12-31 5616745 bus:OrdinaryShareClass4 2023-12-31 5616745 core:CurrentFinancialInstruments 2023-12-31 5616745 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 5616745 core:Non-currentFinancialInstruments 2023-12-31 5616745 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 5616745 core:PlantMachinery 2023-12-31 5616745 bus:SmallEntities 2023-01-01 2023-12-31 5616745 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 5616745 bus:FilletedAccounts 2023-01-01 2023-12-31 5616745 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 5616745 bus:RegisteredOffice 2023-01-01 2023-12-31 5616745 bus:CompanySecretary1 2023-01-01 2023-12-31 5616745 bus:Director1 2023-01-01 2023-12-31 5616745 bus:Director2 2023-01-01 2023-12-31 5616745 bus:Director3 2023-01-01 2023-12-31 5616745 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 5616745 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 5616745 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 5616745 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 5616745 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 5616745 core:PlantMachinery 2023-01-01 2023-12-31 5616745 countries:EnglandWales 2023-01-01 2023-12-31 5616745 2022-12-31 5616745 core:PlantMachinery 2022-12-31 5616745 2021-12-01 2022-12-31 5616745 2022-12-31 5616745 bus:OrdinaryShareClass1 2022-12-31 5616745 bus:OrdinaryShareClass2 2022-12-31 5616745 bus:OrdinaryShareClass3 2022-12-31 5616745 bus:OrdinaryShareClass4 2022-12-31 5616745 core:CurrentFinancialInstruments 2022-12-31 5616745 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 5616745 core:Non-currentFinancialInstruments 2022-12-31 5616745 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 5616745 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 5616745

Honey Bee Media Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Honey Bee Media Ltd

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Honey Bee Media Ltd

Company Information

Company secretary

Mr L Taylor

Registered office

Henleaze Business Centre
13 Harbury Road
Bristol
BS9 4PN

Accountants

JTTF Accountants Ltd
19 Lillian Road
London
SW13 9JG

 

Honey Bee Media Ltd

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr E Taylor

Ms D Hendry (ceased 15 November 2023)

Ms R Edwards

Principal activity

The principal activity of the company is television production.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr E Taylor
Director

 

Honey Bee Media Ltd

(Registration number: 5616745)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

28,121

33,820

Current assets

 

Debtors

5

38,947

161,892

Cash at bank and in hand

 

450,960

291,797

 

489,907

453,689

Creditors: Amounts falling due within one year

6

(393,063)

(199,288)

Net current assets

 

96,844

254,401

Total assets less current liabilities

 

124,965

288,221

Creditors: Amounts falling due after more than one year

6

(12,555)

(23,185)

Provisions for liabilities

(4,504)

(5,587)

Net assets

 

107,906

259,449

Capital and reserves

 

Called up share capital

7

185

200

Capital redemption reserve

75

60

Retained earnings

107,646

259,189

Shareholders' funds

 

107,906

259,449

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Honey Bee Media Ltd

(Registration number: 5616745)
Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr E Taylor
Director

 

Honey Bee Media Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Henleaze Business Centre
13 Harbury Road
Bristol
BS9 4PN
England

These financial statements were authorised for issue by the Board on 9 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Honey Bee Media Ltd

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on straight-line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Honey Bee Media Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 3).

 

Honey Bee Media Ltd

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

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

53,396

53,396

Additions

10,011

10,011

At 31 December 2023

63,407

63,407

Depreciation

At 1 January 2023

19,576

19,576

Charge for the year

15,710

15,710

At 31 December 2023

35,286

35,286

Carrying amount

At 31 December 2023

28,121

28,121

At 31 December 2022

33,820

33,820

5

Debtors

Current

2023
£

2022
£

Trade debtors

29,078

35,880

Prepayments

3,318

297

Other debtors

6,551

125,715

 

38,947

161,892

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

11,000

11,000

Trade creditors

 

236,161

143,648

Taxation and social security

 

28,393

43,340

Accruals and deferred income

 

105,509

1,300

Other creditors

 

12,000

-

 

393,063

199,288

 

Honey Bee Media Ltd

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

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

12,555

23,185

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A of £1 each

120

120

110

110

Ordinary B of £1 each

10

10

10

10

Ordinary C of £1 each

25

25

50

50

Ordinary D of £1 each

30

30

30

30

185

185

200

200

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

12,555

23,185

Current loans and borrowings

2023
£

2022
£

Bank borrowings

11,000

11,000