IRIS Accounts Production v24.3.0.553 07248586 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072485862023-01-31072485862024-01-31072485862023-02-012024-01-31072485862022-01-31072485862022-02-012023-01-31072485862023-01-3107248586ns15:EnglandWales2023-02-012024-01-3107248586ns14:PoundSterling2023-02-012024-01-3107248586ns10:Director12023-02-012024-01-3107248586ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107248586ns10:SmallEntities2023-02-012024-01-3107248586ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107248586ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107248586ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107248586ns10:FullAccounts2023-02-012024-01-3107248586ns10:Director22023-02-012024-01-3107248586ns10:RegisteredOffice2023-02-012024-01-3107248586ns5:CurrentFinancialInstruments2024-01-3107248586ns5:CurrentFinancialInstruments2023-01-3107248586ns5:ShareCapital2024-01-3107248586ns5:ShareCapital2023-01-3107248586ns5:RetainedEarningsAccumulatedLosses2024-01-3107248586ns5:RetainedEarningsAccumulatedLosses2023-01-3107248586ns5:LeaseholdImprovements2023-02-012024-01-3107248586ns5:PlantMachinery2023-02-012024-01-3107248586ns5:FurnitureFittings2023-02-012024-01-3107248586ns5:MotorVehicles2023-02-012024-01-3107248586ns5:ComputerEquipment2023-02-012024-01-3107248586ns5:LeaseholdImprovements2023-01-3107248586ns5:PlantMachinery2023-01-3107248586ns5:FurnitureFittings2023-01-3107248586ns5:LeaseholdImprovements2024-01-3107248586ns5:PlantMachinery2024-01-3107248586ns5:FurnitureFittings2024-01-3107248586ns5:LeaseholdImprovements2023-01-3107248586ns5:PlantMachinery2023-01-3107248586ns5:FurnitureFittings2023-01-3107248586ns5:MotorVehicles2023-01-3107248586ns5:ComputerEquipment2023-01-3107248586ns5:MotorVehicles2024-01-3107248586ns5:ComputerEquipment2024-01-3107248586ns5:MotorVehicles2023-01-3107248586ns5:ComputerEquipment2023-01-3107248586ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3107248586ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 07248586 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HORNBEE LIMITED

HORNBEE LIMITED (REGISTERED NUMBER: 07248586)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HORNBEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Miss B Chandler
Miss D Chandler





REGISTERED OFFICE: 262-264 Old Street
London
EC1V 9DD





REGISTERED NUMBER: 07248586 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

HORNBEE LIMITED (REGISTERED NUMBER: 07248586)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 397,427 478,443

CURRENT ASSETS
Stocks 45,535 48,517
Debtors 5 1,848,191 702,180
Cash at bank and in hand 19,462 766,707
1,913,188 1,517,404
CREDITORS
Amounts falling due within one year 6 348,681 506,184
NET CURRENT ASSETS 1,564,507 1,011,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,961,934

1,489,663

PROVISIONS FOR LIABILITIES 30,740 37,583
NET ASSETS 1,931,194 1,452,080

CAPITAL AND RESERVES
Called up, fully paid share capital 100 100
Retained earnings 1,931,094 1,451,980
SHAREHOLDERS' FUNDS 1,931,194 1,452,080

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Miss B Chandler - Director


HORNBEE LIMITED (REGISTERED NUMBER: 07248586)

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

1. STATUTORY INFORMATION

Hornbee 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.

It is the company's policy to account for incentive payments when they are receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the terms of the lease period
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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

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.

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 2 (2023 - 2 ) .

HORNBEE LIMITED (REGISTERED NUMBER: 07248586)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 914,810 77,078 627,891
Additions - 2,095 3,328
At 31 January 2024 914,810 79,173 631,219
DEPRECIATION
At 1 February 2023 532,672 70,904 549,367
Charge for year 61,995 1,631 20,231
At 31 January 2024 594,667 72,535 569,598
NET BOOK VALUE
At 31 January 2024 320,143 6,638 61,621
At 31 January 2023 382,138 6,174 78,524

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 16,748 16,350 1,652,877
Additions - 749 6,172
At 31 January 2024 16,748 17,099 1,659,049
DEPRECIATION
At 1 February 2023 7,327 14,164 1,174,434
Charge for year 2,356 975 87,188
At 31 January 2024 9,683 15,139 1,261,622
NET BOOK VALUE
At 31 January 2024 7,065 1,960 397,427
At 31 January 2023 9,421 2,186 478,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,594 835
Amounts owed by group undertakings 1,349,450 484,248
Other debtors 450,147 217,097
1,848,191 702,180

HORNBEE LIMITED (REGISTERED NUMBER: 07248586)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 3,007
Trade creditors 29,049 51,107
Amounts owed to group undertakings 204,930 150,816
Taxation and social security 99,247 258,626
Other creditors 15,455 42,628
348,681 506,184

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, directors owed the company £231,810. Interest has been charged on this loan at the official HMRC rate of interest. The loan will be repaid within nine months of the year end.