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REGISTERED NUMBER: 06486578 (England and Wales)














POWERBEE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






POWERBEE LIMITED (REGISTERED NUMBER: 06486578)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


POWERBEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: N Pemberton





SECRETARY: N Pemberton





REGISTERED OFFICE: John's Cross Farm
Mountfield
Robertsbridge
East Sussex
TN32 5JP





REGISTERED NUMBER: 06486578 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

POWERBEE LIMITED (REGISTERED NUMBER: 06486578)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,296 6,609

CURRENT ASSETS
Stocks 98,303 116,592
Debtors 5 6,222 4,959
Cash at bank 182 378
104,707 121,929
CREDITORS
Amounts falling due within one year 6 79,554 53,383
NET CURRENT ASSETS 25,153 68,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,449

75,155

CREDITORS
Amounts falling due after more than
one year

7

(28,667

)

(44,950

)

PROVISIONS FOR LIABILITIES (1,037 ) (1,256 )
NET ASSETS 2,745 28,949

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,645 28,849
SHAREHOLDERS' FUNDS 2,745 28,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

POWERBEE LIMITED (REGISTERED NUMBER: 06486578)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2024 and were signed by:





N Pemberton - Director


POWERBEE LIMITED (REGISTERED NUMBER: 06486578)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Powerbee 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
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 year was 5 (2023 - 5 ) .

POWERBEE LIMITED (REGISTERED NUMBER: 06486578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 12,005 7,703 19,708
Additions 2,165 - 2,165
At 31 January 2024 14,170 7,703 21,873
DEPRECIATION
At 1 February 2023 6,297 6,802 13,099
Charge for year 1,181 297 1,478
At 31 January 2024 7,478 7,099 14,577
NET BOOK VALUE
At 31 January 2024 6,692 604 7,296
At 31 January 2023 5,708 901 6,609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,222 4,959

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,558 2,058
Trade creditors 19,360 3,910
Taxation and social security 13,804 19,749
Other creditors 43,832 27,666
79,554 53,383

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 28,667 44,950

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 6,444 12,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary 1p 100 100