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REGISTERED NUMBER: 12581626 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BEEINSPIREDFARM LTD

BEEINSPIREDFARM LTD (REGISTERED NUMBER: 12581626)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BEEINSPIREDFARM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr T H Gardner





REGISTERED OFFICE: 2 New Cottages
Nymans Farm
London Road
Henfield
West Sussex
BN5 9AH





REGISTERED NUMBER: 12581626 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

BEEINSPIREDFARM LTD (REGISTERED NUMBER: 12581626)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 101,079 84,415

CURRENT ASSETS
Debtors 5 180 1,816
Cash at bank and in hand 3 23
183 1,839
CREDITORS
Amounts falling due within one year 6 (28,970 ) (40,785 )
NET CURRENT LIABILITIES (28,787 ) (38,946 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,292

45,469

CREDITORS
Amounts falling due after more than one
year

7

(20,596

)

(33,897

)

PROVISIONS FOR LIABILITIES 8 (8,144 ) (268 )
NET ASSETS 43,552 11,304

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 43,551 11,303
43,552 11,304

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

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

BEEINSPIREDFARM LTD (REGISTERED NUMBER: 12581626)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2024 and were signed by:





Mr T H Gardner - Director


BEEINSPIREDFARM LTD (REGISTERED NUMBER: 12581626)

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

1. STATUTORY INFORMATION

Beeinspiredfarm 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, 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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BEEINSPIREDFARM LTD (REGISTERED NUMBER: 12581626)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 137,197
Additions 43,541
At 31 May 2024 180,738
DEPRECIATION
At 1 June 2023 52,782
Charge for year 26,877
At 31 May 2024 79,659
NET BOOK VALUE
At 31 May 2024 101,079
At 31 May 2023 84,415

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,816
Other debtors 180 -
180 1,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,119 15,230
Trade creditors 595 1,158
Taxation and social security 3,104 1,281
Other creditors 12,152 23,116
28,970 40,785

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,546 10,247
Other creditors 17,050 23,650
20,596 33,897

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,144 268

BEEINSPIREDFARM LTD (REGISTERED NUMBER: 12581626)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 268
Capital allowances in advance 7,876
of depreciation
Balance at 31 May 2024 8,144