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REGISTERED NUMBER: 08320107 (England and Wales)















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE BEAR CREATIVE LIMITED

THE BEAR CREATIVE LIMITED (Registered number: 08320107)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


THE BEAR CREATIVE LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTOR: P Falloon



REGISTERED OFFICE: The Annexe, Minerva House
Bordyke,
Tonbridge,
Kent
TN9 1NR



REGISTERED NUMBER: 08320107 (England and Wales)



ACCOUNTANTS: Bennett & Co
The Annexe
Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



BANKERS: HSBC Bank PLC

THE BEAR CREATIVE LIMITED (Registered number: 08320107)

REPORT OF THE DIRECTOR
for the Year Ended 31 MARCH 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Graphic Design Consultants.

DIVIDENDS
No interim dividend was paid during the year. The director recommends a final dividend of £20 per share.

The total distribution of dividends for the year ended 31 March 2024 will be £ 2,000 .

DIRECTOR
P Falloon held office during the whole of the period from 1 April 2023 to the date of this report.

ON BEHALF OF THE BOARD:





P Falloon - Director


14 July 2024

THE BEAR CREATIVE LIMITED (Registered number: 08320107)

INCOME STATEMENT
for the Year Ended 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 55,993 72,506

Cost of sales 18,244 24,039
GROSS PROFIT 37,749 48,467

Administrative expenses 37,281 41,177
OPERATING PROFIT and
PROFIT BEFORE TAXATION 468 7,290

Tax on profit 6 100 1,250
PROFIT FOR THE FINANCIAL YEAR 368 6,040

THE BEAR CREATIVE LIMITED (Registered number: 08320107)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 5,000 3,000

CURRENT ASSETS
Stocks 9 1,500 1,250
Debtors 10 11,178 5,925
Cash at bank and in hand 10,978 33,760
23,656 40,935
CREDITORS
Amounts falling due within one year 11 27,264 40,911
NET CURRENT (LIABILITIES)/ASSETS (3,608 ) 24
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,392

3,024

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 1,292 2,924
SHAREHOLDERS' FUNDS 1,392 3,024

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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





P Falloon - Director


THE BEAR CREATIVE LIMITED (Registered number: 08320107)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

THE BEAR CREATIVE 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.

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.
Office and Computer Equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

3. EMPLOYEES AND DIRECTORS
31.3.24 31.3.23
£    £   
Wages and salaries 14,400 15,000

THE BEAR CREATIVE LIMITED (Registered number: 08320107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.3.24 31.3.23

Management 2 2

4. DIRECTORS' EMOLUMENTS
31.3.24 31.3.23
£    £   
Director's remuneration 12,000 12,000

5. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 1,499 1,400

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 100 1,250
Tax on profit 100 1,250

UK corporation tax has been charged at 19% (2023 - 19%).

7. DIVIDENDS
31.3.24 31.3.23
£    £   
Ordinary shares of £1 each
Final Dividend 2,000 3,000

THE BEAR CREATIVE LIMITED (Registered number: 08320107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

8. TANGIBLE FIXED ASSETS
Office
and
Computer
Equipment
£   
COST
At 1 April 2023 10,538
Additions 3,499
At 31 March 2024 14,037
DEPRECIATION
At 1 April 2023 7,538
Charge for year 1,499
At 31 March 2024 9,037
NET BOOK VALUE
At 31 March 2024 5,000
At 31 March 2023 3,000

9. STOCKS
31.3.24 31.3.23
£    £   
Work in Progress 1,500 1,250

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade Debtors 11,178 5,925

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation Tax 1,450 1,350
Value Added Tax 1,255 2,602
Directors Loan Account 20,059 32,459
Accrued Expenses 4,500 4,500
27,264 40,911

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

THE BEAR CREATIVE LIMITED (Registered number: 08320107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

13. RESERVES
Retained
earnings
£   

At 1 April 2023 2,924
Profit for the year 368
Dividends (2,000 )
At 31 March 2024 1,292