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REGISTERED NUMBER: 13108644 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

OffRoadBean Limited

OffRoadBean Limited (Registered number: 13108644)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OffRoadBean Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N B Davis





REGISTERED OFFICE: Upper Green Cottage
Haresfield
Stonehouse
Gloucester
GL10 3EG





REGISTERED NUMBER: 13108644 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

OffRoadBean Limited (Registered number: 13108644)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 7,374

CURRENT ASSETS
Inventories 6 - 4,198
Debtors 7 30 327
Cash at bank - 4,131
30 8,656
CREDITORS
Amounts falling due within one
year

8

15,764

17,573
NET CURRENT LIABILITIES (15,734 ) (8,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,734

)

(1,543

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (15,834 ) (1,643 )
SHAREHOLDERS' FUNDS (15,734 ) (1,543 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 9 October 2024 and were signed by:





N B Davis - Director


OffRoadBean Limited (Registered number: 13108644)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

OffRoadBean 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. STATEMENT OF COMPLIANCE

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. There have been no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

In the opinion of the director, the company is likely to be struck from the register in the forthcoming period. Accordingly these financial statements have been prepared on a break up basis with due allowance made for closure costs and likely losses.

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

Franchise costs
Franchise costs are initially measured at costs. After initial recognition, they are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Capitalised franchise costs and licenses are being amortised over their estimated useful life of one year.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


OffRoadBean Limited (Registered number: 13108644)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

Accounting period
The prior period's financial statements covered 431 days in order to align the reporting period with that of a related business. As a result, the results of this year are not directly comparable with those of the previous financial period.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1 April 2023
and 31 March 2024 7,374
AMORTISATION
Amortisation for year 7,374
At 31 March 2024 7,374
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 7,374

6. INVENTORIES
31.3.24 31.3.23
£    £   
Stocks - 4,198

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 297
Other debtors 30 30
30 327

OffRoadBean Limited (Registered number: 13108644)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,478 -
Other creditors 163 55
Directors' current accounts 13,535 13,909
Accruals and deferred income 588 3,609
15,764 17,573

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

11. RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and bear interest at 4% with no specific repayment terms and are presented within creditors falling due within one year.