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Registered number: 11439141
Bean & Fizz Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
H F Singh & Co Limited
Chartered Accountants and Chartered Tax Advisers
3 St Denis Close
Huntercombe Lane North
Maidenhead
SL6 0FH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11439141
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,009 21,187
18,009 21,187
CURRENT ASSETS
Debtors 5 - 49
Investments 6 6,000 6,000
Cash at bank and in hand 59 59
6,059 6,108
Creditors: Amounts Falling Due Within One Year 7 (54,153 ) (53,933 )
NET CURRENT ASSETS (LIABILITIES) (48,094 ) (47,825 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,085 ) (26,638 )
NET LIABILITIES (30,085 ) (26,638 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (30,185 ) (26,738 )
SHAREHOLDERS' FUNDS (30,085) (26,638)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adeel Mughal
Director
15th October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bean & Fizz Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11439141 . The registered office is Grenville Court, Britwell Road, Burnham, Buckinghamshire, SL1 8DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% per annum on the reducing balance basis
Motor Vehicles 15% per annum on the reducing balance basis
Fixtures & Fittings 15% per annum on the reducing balance basis
Computer Equipment 15% per annum on the reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 34,011 4,380 1,145 4,999 44,535
As at 30 June 2024 34,011 4,380 1,145 4,999 44,535
Depreciation
As at 1 July 2023 18,609 2,436 518 1,785 23,348
Provided during the period 2,310 292 94 482 3,178
As at 30 June 2024 20,919 2,728 612 2,267 26,526
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 13,092 1,652 533 2,732 18,009
As at 1 July 2023 15,402 1,944 627 3,214 21,187
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 49
6. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 6,000 6,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Accruals and deferred income 375 354
Directors' loan accounts 53,778 53,578
54,153 53,933
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4