Company Registration No. NI663712 (Northern Ireland)
Mrs Lee's Little Bees Ltd
Unaudited accounts
for the year ended 31 March 2024
Mrs Lee's Little Bees Ltd
Unaudited accounts
Contents
Mrs Lee's Little Bees Ltd
Company Information
for the year ended 31 March 2024
Directors
Una Lee
Phillip Lee
Company Number
NI663712 (Northern Ireland)
Registered Office
22 COOLSHINNEY PARK
MAGHERAFELT
BT45 5JG
NORTHERN IRELAND
Accountants
DJB Accounting Ltd
34 Knockmoyle Drive
Greystone Road
Antrim
BT41 1HE
Mrs Lee's Little Bees Ltd
Accountants' report
Accountants' report to the board of directors of Mrs Lee's Little Bees Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Mrs Lee's Little Bees Ltd for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Mrs Lee's Little Bees Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of Mrs Lee's Little Bees Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mrs Lee's Little Bees Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Mrs Lee's Little Bees Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mrs Lee's Little Bees Ltd. You consider that Mrs Lee's Little Bees Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Mrs Lee's Little Bees Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd
34 Knockmoyle Drive
Greystone Road
Antrim
BT41 1HE
1 December 2024
Mrs Lee's Little Bees Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
5,962
9,849
Cash at bank and in hand
104
8,117
Creditors: amounts falling due within one year
(10,662)
(14,466)
Net current liabilities
(10,558)
(6,349)
Net (liabilities)/assets
(4,596)
3,500
Called up share capital
100
100
Profit and loss account
(4,696)
3,400
Shareholders' funds
(4,596)
3,500
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by
Una Lee
Director
Company Registration No. NI663712
Mrs Lee's Little Bees Ltd
Notes to the Accounts
for the year ended 31 March 2024
Mrs Lee's Little Bees Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI663712. The registered office is 22 COOLSHINNEY PARK, MAGHERAFELT, BT45 5JG, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Reducing Balance
Fixtures & fittings
20% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
Mrs Lee's Little Bees Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
2,550
18,128
20,678
At 31 March 2024
2,550
18,128
20,678
At 1 April 2023
1,505
9,324
10,829
Charge for the year
261
3,626
3,887
At 31 March 2024
1,766
12,950
14,716
At 31 March 2024
784
5,178
5,962
At 31 March 2023
1,045
8,804
9,849
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,025
13,366
Taxes and social security
(437)
930
Loans from directors
74
170
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).