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 08897476 Mr J Cothias iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08897476 2022-12-31 08897476 2023-12-31 08897476 2023-01-01 2023-12-31 08897476 frs-core:CurrentFinancialInstruments 2023-12-31 08897476 frs-core:Non-currentFinancialInstruments 2023-12-31 08897476 frs-core:ShareCapital 2023-12-31 08897476 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08897476 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08897476 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08897476 frs-bus:SmallEntities 2023-01-01 2023-12-31 08897476 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08897476 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08897476 frs-bus:Director1 2023-01-01 2023-12-31 08897476 frs-bus:Director1 2022-12-31 08897476 frs-bus:Director1 2023-12-31 08897476 frs-countries:EnglandWales 2023-01-01 2023-12-31 08897476 2021-12-31 08897476 2022-12-31 08897476 2022-01-01 2022-12-31 08897476 frs-core:CurrentFinancialInstruments 2022-12-31 08897476 frs-core:Non-currentFinancialInstruments 2022-12-31 08897476 frs-core:ShareCapital 2022-12-31 08897476 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08897476
Beesmart International Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 08897476
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 114,128 88,459
Cash at bank and in hand 528,457 481,954
642,585 570,413
Creditors: Amounts Falling Due Within One Year 5 (162,460 ) (326,590 )
NET CURRENT ASSETS (LIABILITIES) 480,125 243,823
TOTAL ASSETS LESS CURRENT LIABILITIES 480,125 243,823
Creditors: Amounts Falling Due After More Than One Year 6 (38,333 ) (58,333 )
NET ASSETS 441,792 185,490
CAPITAL AND RESERVES
Called up share capital 1 1
Income Statement 441,791 185,489
SHAREHOLDERS' FUNDS 441,792 185,490
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr J Cothias
Director
24 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Beesmart International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08897476 . The registered office is Eurogate Business Park, Unit 3, Ground Floor, Unit 3, The Eurogate Business Park, Ground Floor, Ashford, Kent, TN24 8XW.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. 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: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 114,128 88,459
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 29,398 75,220
Bank loans and overdrafts 20,000 20,000
Amounts owed to group undertakings 16,709 19,186
Amounts owed to participating interests - 150,000
Other creditors 17,427 11,681
Taxation and social security 78,926 50,503
162,460 326,590
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 38,333 58,333
7. Directors Advances, Credits and Guarantees
Included within creditors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Jean-Claude Cothias (11,681 ) - - 5,746 (17,426 )
The above loan is unsecured, interest free and repayable on demand.
Page 3