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REGISTERED NUMBER: 03374557 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

BEAR ASSEMBLY LIMITED

BEAR ASSEMBLY LIMITED (REGISTERED NUMBER: 03374557)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAR ASSEMBLY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Peter W Dorr
Arthur Dorr





SECRETARY: Peter W Dorr





REGISTERED OFFICE: 37 Trelawney Road
Exhall
Coventry
West Midlands
CV7 9FB





REGISTERED NUMBER: 03374557 (England and Wales)





ACCOUNTANTS: Brunt Associates
105 St Martin's Road
Finham
Coventry
CV3 6ES

BEAR ASSEMBLY LIMITED (REGISTERED NUMBER: 03374557)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 668

CURRENT ASSETS
Stocks - 6,000
Debtors 5 41,000 41,000
Cash at bank 3,236 6,065
44,236 53,065
CREDITORS
Amounts falling due within one year 6 73,575 77,072
NET CURRENT LIABILITIES (29,339 ) (24,007 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,339

)

(23,339

)

CREDITORS
Amounts falling due after more than one
year

7

18,000

24,000
NET LIABILITIES (47,339 ) (47,339 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (48,339 ) (48,339 )
(47,339 ) (47,339 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

BEAR ASSEMBLY LIMITED (REGISTERED NUMBER: 03374557)

BALANCE SHEET - continued
31 MAY 2023


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 Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Peter W Dorr - Director


BEAR ASSEMBLY LIMITED (REGISTERED NUMBER: 03374557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Bear Assembly 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.

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 - 25% on reducing balance
Fixtures and fittings - 15% 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.

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 (2022 - 2 ) .

BEAR ASSEMBLY LIMITED (REGISTERED NUMBER: 03374557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2022 7,352 410 7,762
Disposals (7,352 ) (410 ) (7,762 )
At 31 May 2023 - - -
DEPRECIATION
At 1 June 2022 6,684 410 7,094
Eliminated on disposal (6,684 ) (410 ) (7,094 )
At 31 May 2023 - - -
NET BOOK VALUE
At 31 May 2023 - - -
At 31 May 2022 668 - 668

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loan - The Networking Team Ltd 41,000 41,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,732 16,793
Corporation tax 26,456 26,456
Other creditors - 851
Directors' current accounts 4,787 29,947
Accrued expenses 2,600 3,025
73,575 77,072

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 18,000 24,000