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REGISTERED NUMBER: 11695499 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

89BK LTD

89BK LTD (REGISTERED NUMBER: 11695499)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


89BK LTD

COMPANY INFORMATION
for the Year Ended 29th February 2024







Director: B Kerai





Registered office: 89 Great Stone Road
Manchester
Greater Manchester
M32 8GR





Registered number: 11695499 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

89BK LTD (REGISTERED NUMBER: 11695499)

BALANCE SHEET
29th February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 86,250 92,000
Tangible assets 5 53,299 64,471
139,549 156,471

Current assets
Stocks 34,183 39,624
Cash at bank and in hand 59,486 28,222
93,669 67,846
Creditors
Amounts falling due within one year 6 34,052 23,567
Net current assets 59,617 44,279
Total assets less current liabilities 199,166 200,750

Creditors
Amounts falling due after more than one
year

7

156,579

161,115
Net assets 42,587 39,635

Capital and reserves
Called up share capital 8 100 100
Retained earnings 42,487 39,535
Shareholders' funds 42,587 39,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

89BK LTD (REGISTERED NUMBER: 11695499)

BALANCE SHEET - continued
29th February 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th November 2024 and were signed by:





B Kerai - Director


89BK LTD (REGISTERED NUMBER: 11695499)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29th February 2024

1. Statutory information

89BK 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.

89BK LTD (REGISTERED NUMBER: 11695499)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29th February 2024

2. Accounting policies - continued

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 3 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st March 2023
and 29th February 2024 115,000
Amortisation
At 1st March 2023 23,000
Charge for year 5,750
At 29th February 2024 28,750
Net book value
At 29th February 2024 86,250
At 28th February 2023 92,000

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1st March 2023
and 29th February 2024 25,769 58,190 83,959
Depreciation
At 1st March 2023 10,759 8,729 19,488
Charge for year 3,753 7,419 11,172
At 29th February 2024 14,512 16,148 30,660
Net book value
At 29th February 2024 11,257 42,042 53,299
At 28th February 2023 15,010 49,461 64,471

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 18,701 3,318
Taxation and social security 13,591 18,569
Other creditors 1,760 1,680
34,052 23,567

89BK LTD (REGISTERED NUMBER: 11695499)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29th February 2024

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 140,105 154,036
Other creditors 16,474 7,079
156,579 161,115

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 140,105 154,036

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100