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REGISTERED NUMBER: 14568407 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 3 JANUARY 2023 TO 31 DECEMBER 2023

FOR

Will Bees Ltd

Will Bees Ltd (Registered number: 14568407)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 3 January 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Will Bees Ltd

COMPANY INFORMATION
for the period 3 January 2023 to 31 December 2023







Directors: S F Pound FCCA
W Bees





Registered office: St Antony
49 Belle Cross Road
Kingsbridge
TQ7 1NL





Business address: 1 Island Street
Salcombe
Devon
TQ8 8DP





Registered number: 14568407 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Will Bees Ltd (Registered number: 14568407)

BALANCE SHEET
31 December 2023

Notes £    £   
Fixed assets
Intangible assets 4 7,162
Tangible assets 5 3,923
11,085

Current assets
Stocks 41,938
Debtors 6 50,332
Cash at bank 14,982
107,252
Creditors
Amounts falling due within one year 7 85,355
Net current assets 21,897
Total assets less current liabilities 32,982

Capital and reserves
Called up share capital 8 22,099
Retained earnings 10,883
Shareholders' funds 32,982

Will Bees Ltd (Registered number: 14568407)

BALANCE SHEET - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





W Bees - Director


Will Bees Ltd (Registered number: 14568407)

NOTES TO THE FINANCIAL STATEMENTS
for the period 3 January 2023 to 31 December 2023

1. STATUTORY INFORMATION

Will Bees Ltd 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.

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. Turnover from the the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

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

Intellectual property are being amortised evenly over their estimated useful life of five years.

Website development are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Website developmentStraight line over 5 years
Fixtures & fittings15% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


Will Bees Ltd (Registered number: 14568407)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 3 January 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4. INTANGIBLE FIXED ASSETS
Intellectual Website
Goodwill property development Totals
£    £    £    £   
Cost
Additions 6,280 500 1,520 8,300
At 31 December 2023 6,280 500 1,520 8,300
Amortisation
Amortisation for period 937 100 101 1,138
At 31 December 2023 937 100 101 1,138
Net book value
At 31 December 2023 5,343 400 1,419 7,162

Will Bees Ltd (Registered number: 14568407)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 3 January 2023 to 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
Additions 4,565
At 31 December 2023 4,565
Depreciation
Charge for period 642
At 31 December 2023 642
Net book value
At 31 December 2023 3,923

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 38,691
Other debtors 11,641
50,332

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 43,155
Taxation and social security 14,634
Other creditors 27,566
85,355

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
99 Ordinary £1 99
22,000 Preference £1 22,000
22,099

The following shares were allotted and fully paid for cash at par during the period:

99 Ordinary shares of £1 each
22,000 Preference shares of £1 each

Will Bees Ltd (Registered number: 14568407)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 3 January 2023 to 31 December 2023

8. CALLED UP SHARE CAPITAL - continued

The preference shares carry no rights to vote, a discretional right to a dividend and priority in the event of the winding up of the company.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to related parties:

S F Pound FCCA Director & shareholder £4,967
J Bees Shareholder £5,934

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.