15 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,067 1,399 5,466 1,531 787 2,318 3,148 2,536 xbrli:pure xbrli:shares iso4217:GBP SC441062 2023-02-01 2024-01-31 SC441062 2024-01-31 SC441062 2023-01-31 SC441062 2022-02-01 2023-01-31 SC441062 2023-01-31 SC441062 2022-01-31 SC441062 bus:RegisteredOffice 2023-02-01 2024-01-31 SC441062 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 SC441062 bus:Director1 2023-02-01 2024-01-31 SC441062 core:AfterOneYear 2024-01-31 SC441062 core:AfterOneYear 2023-01-31 SC441062 core:WithinOneYear 2024-01-31 SC441062 core:WithinOneYear 2023-01-31 SC441062 core:ShareCapital 2024-01-31 SC441062 core:ShareCapital 2023-01-31 SC441062 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC441062 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC441062 bus:SmallEntities 2023-02-01 2024-01-31 SC441062 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC441062 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC441062 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC441062 bus:FullAccounts 2023-02-01 2024-01-31 SC441062 core:OfficeEquipment 2023-02-01 2024-01-31 SC441062 core:OfficeEquipment 2023-01-31 SC441062 core:OfficeEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: SC441062
Busy Bees Care Limited
Filleted Unaudited Financial Statements
31 January 2024
Busy Bees Care Limited
Financial Statements
Year ended 31 January 2024
Contents
Page
Officers and professional advisers
1
Accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Busy Bees Care Limited
Officers and Professional Advisers
Director
Ms E Moyo
Registered office
Bonnington Bond Anderson Place
Suite 23
Edinburgh
EH6 5NP
Accountants
A Plus Accountants Limited
Accountants
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
Busy Bees Care Limited
Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Busy Bees Care Limited
Year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Busy Bees Care Limited for the year ended 31 January 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Busy Bees Care Limited in accordance with the terms of our engagement letter dated 21 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Busy Bees Care Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Busy Bees Care Limited and its director for our work or for this report.
It is your duty to ensure that Busy Bees Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Busy Bees Care Limited. You consider that Busy Bees Care Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Busy Bees Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A Plus Accountants Limited Accountants
10 Canberra House Corbygate Business Park Corby Northants NN17 5JG
Busy Bees Care Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
3,148
2,536
Current assets
Debtors
6
39,040
57,668
Cash at bank and in hand
28,220
31,202
--------
--------
67,260
88,870
Creditors: amounts falling due within one year
7
10,245
21,075
--------
--------
Net current assets
57,015
67,795
--------
--------
Total assets less current liabilities
60,163
70,331
Creditors: amounts falling due after more than one year
8
4,000
7,000
--------
--------
Net assets
56,163
63,331
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
56,063
63,231
--------
--------
Shareholders funds
56,163
63,331
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Busy Bees Care Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 4 October 2024 , and are signed on behalf of the board by:
Ms E Moyo
Director
Company registration number: SC441062
Busy Bees Care Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bonnington Bond Anderson Place, Suite 23, Edinburgh, EH6 5NP.
2. Statement of compliance
The accounts have prepared in accordance with the provisions of FRS 102 Section 1A small entities. There were no material departures from that standard.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
20% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2023: 21 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 February 2023
4,067
4,067
Additions
1,399
1,399
-------
-------
At 31 January 2024
5,466
5,466
-------
-------
Depreciation
At 1 February 2023
1,531
1,531
Charge for the year
787
787
-------
-------
At 31 January 2024
2,318
2,318
-------
-------
Carrying amount
At 31 January 2024
3,148
3,148
-------
-------
At 31 January 2023
2,536
2,536
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
38,202
57,668
Other debtors
838
--------
--------
39,040
57,668
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
14,115
Social security and other taxes
2,837
2,805
Other creditors
7,408
4,155
--------
--------
10,245
21,075
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,000
7,000
-------
-------