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REGISTERED NUMBER: 08632825 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MCCALLUM BEE LIMITED

MCCALLUM BEE LIMITED (REGISTERED NUMBER: 08632825)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCCALLUM BEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs F K McCallum
M T Bee





REGISTERED OFFICE: 83 Charlton Lane
Clanfield
Waterlooville
Hampshire
PO8 0PR





REGISTERED NUMBER: 08632825 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

MCCALLUM BEE LIMITED (REGISTERED NUMBER: 08632825)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,546 4,016

CURRENT ASSETS
Debtors 5 10,325 10,011
Cash at bank 151,619 67,409
161,944 77,420
CREDITORS
Amounts falling due within one year 6 134,780 70,068
NET CURRENT ASSETS 27,164 7,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,710

11,368

PROVISIONS FOR LIABILITIES 320 659
NET ASSETS 29,390 10,709

CAPITAL AND RESERVES
Called up share capital 7 1,999 1,999
Retained earnings 27,391 8,710
SHAREHOLDERS' FUNDS 29,390 10,709

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 14th August 2024 and were signed on its behalf by:





Mrs F K McCallum - Director


MCCALLUM BEE LIMITED (REGISTERED NUMBER: 08632825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

McCallum Bee 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

MCCALLUM BEE LIMITED (REGISTERED NUMBER: 08632825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 19,591 - 19,591
Additions - 2,421 2,421
At 31st December 2023 19,591 2,421 22,012
DEPRECIATION
At 1st January 2023 15,575 - 15,575
Charge for year 3,286 605 3,891
At 31st December 2023 18,861 605 19,466
NET BOOK VALUE
At 31st December 2023 730 1,816 2,546
At 31st December 2022 4,016 - 4,016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,325 10,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 99,062 64,653
Other creditors 35,718 5,415
134,780 70,068

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
999 'B' Ordinary £1 999 999
1,999 1,999

MCCALLUM BEE LIMITED (REGISTERED NUMBER: 08632825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31st December 2023 and the period ended 31st December 2022:

2023 2022
£    £   
Mrs F K McCallum
Balance outstanding at start of year (2,963 ) (223 )
Amounts advanced 142,873 78,351
Amounts repaid (163,592 ) (81,091 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,682 ) (2,963 )

M T Bee
Balance outstanding at start of year (585 ) (292 )
Amounts advanced 70,800 72,842
Amounts repaid (80,612 ) (73,135 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,397 ) (585 )