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Company No: 07649135 (England and Wales)

BEWLEY LTD

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

BEWLEY LTD

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

BEWLEY LTD

BALANCE SHEET

As at 30 November 2023
BEWLEY LTD

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 345 431
345 431
Current assets
Stocks 5 250 250
Debtors 6 153,285 58,568
Cash at bank and in hand 20,777 3,548
174,312 62,366
Creditors: amounts falling due within one year 7 ( 99,821) ( 41,237)
Net current assets 74,491 21,129
Total assets less current liabilities 74,836 21,560
Net assets 74,836 21,560
Capital and reserves
Called-up share capital 200 200
Share premium account 8,540 8,540
Profit and loss account 66,096 12,820
Total shareholders' funds 74,836 21,560

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Bewley Ltd (registered number: 07649135) were approved and authorised for issue by the Director on 28 November 2024. They were signed on its behalf by:

J R Chamberlain
Director
BEWLEY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
BEWLEY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bewley Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Parker House, Tanyard Lane, Bexley, DA5 1AH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2022 5,866 5,866
At 30 November 2023 5,866 5,866
Accumulated depreciation
At 01 December 2022 5,435 5,435
Charge for the financial year 86 86
At 30 November 2023 5,521 5,521
Net book value
At 30 November 2023 345 345
At 30 November 2022 431 431

5. Stocks

2023 2022
£ £
Work in progress 250 250

6. Debtors

2023 2022
£ £
Trade debtors 16,332 28,336
Other debtors 136,953 30,232
153,285 58,568

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 7,051 9,516
Trade creditors 59,537 18,922
Taxation and social security 24,152 4,023
Other creditors 9,081 8,776
99,821 41,237

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Directors' Loan Account - amounts payable to/(receivable from) directors (38,423) 969

During the year the director was advanced £139,341 (2022: £43,925) and made repayments of £99,949 (2022: £77,459).

The loan to the director is unsecured and repayable on demand.