Registered number
11891562
Beebay Limited
Unaudited Filleted Accounts
31 March 2024
Beebay Limited
Registered number: 11891562
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,000 3,600
Tangible assets 4 - 317
3,000 3,917
Current assets
Stocks 100 400
Debtors 5 200 200
Cash at bank and in hand 6,408 149
6,708 749
Creditors: amounts falling due within one year 6 (64,079) (48,897)
Net current liabilities (57,371) (48,148)
Total assets less current liabilities (54,371) (44,231)
Creditors: amounts falling due after more than one year 7 (1,541) (2,340)
Net liabilities (55,912) (46,571)
Capital and reserves
Called up share capital 200 200
Profit and loss account (56,112) (46,771)
Shareholders' funds (55,912) (46,571)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Stach
Director
Approved by the board on 30 September 2024
Beebay Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful life of that asset follows:

Patent's Over 2 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements 20% straight line
Plant and machinery 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Grants
Revenue based grants provided by the government as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which they become receivable.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
(including directors)
3 Intangible fixed assets Goodwill Patent's Total
£ £ £
Cost
At 1 April 2023 6,000 12,754 18,754
At 31 March 2024 6,000 12,754 18,754
Amortisation
At 1 April 2023 2,400 12,754 15,154
Provided during the year 600 - 600
At 31 March 2024 3,000 12,754 15,754
Net book value
At 31 March 2024 3,000 - 3,000
At 31 March 2023 3,600 - 3,600
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

BeeBay Limited was gifted intellectual property from the director, K Stach, on incorporation. No consideration was paid to the director as this was an outright gift to the company and therefore no cost has been included in note 3.
4 Tangible fixed assets
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 436 6,632 7,068
At 31 March 2024 436 6,632 7,068
Depreciation
At 1 April 2023 349 6,402 6,751
Charge for the year 87 230 317
At 31 March 2024 436 6,632 7,068
Net book value
At 31 March 2024 - - -
At 31 March 2023 87 230 317
5 Debtors 2024 2023
£ £
Other debtors 200 200
200 200
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 800 800
Trade creditors - 1,087
Taxation and social security costs 19 54
Other creditors 63,260 46,956
64,079 48,897
Other creditors include amounts owed to the directors as detailed in note 8.
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,541 2,340
1,541 2,340
8 Loans to directors
Description and conditions
During the period under review, J Spink, director, introduced funds of £0 (2023: £547) and withdraw funds of £0 (2023: £0), leaving a balance owed back to J Spink from the company of £24,861 (2023 £24,861).

During the period under review, K Stach, director, introduced funds of £11,338 (2023; £7,387) and withdrew funds of £833 (2023; £1,731), leaving a balance owed back to K Stach from the company of £31,696 (2023; £21,191).
9 Other information
Beebay Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 21 Byker-I2 Enterprise Centre
Albion Row
Newcastle Upon Tyne
NE6 1LQ
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