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REGISTERED NUMBER: 11773406 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Bear Terrain Ltd

Bear Terrain Ltd (Registered number: 11773406)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bear Terrain Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr S J Cobbold





REGISTERED OFFICE: 5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ





REGISTERED NUMBER: 11773406 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Bear Terrain Ltd (Registered number: 11773406)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,335 93,637

CURRENT ASSETS
Debtors 5 116,577 97,506

CREDITORS
Amounts falling due within one year 6 67,323 64,510
NET CURRENT ASSETS 49,254 32,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,589

126,633

CREDITORS
Amounts falling due after more than one
year

7

(31,662

)

(35,766

)

PROVISIONS FOR LIABILITIES 9 (8,270 ) (9,225 )
NET ASSETS 87,657 81,642

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,557 81,542
SHAREHOLDERS' FUNDS 87,657 81,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Bear Terrain Ltd (Registered number: 11773406)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2025 and were signed by:





Mr S J Cobbold - Director


Bear Terrain Ltd (Registered number: 11773406)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bear Terrain 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Bear Terrain Ltd (Registered number: 11773406)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 53,927 55,288 2,123 111,338
Additions 7,150 - - 7,150
At 30 June 2024 61,077 55,288 2,123 118,488
DEPRECIATION
At 1 July 2023 9,632 8,069 - 17,701
Charge for year 9,939 11,805 708 22,452
At 30 June 2024 19,571 19,874 708 40,153
NET BOOK VALUE
At 30 June 2024 41,506 35,414 1,415 78,335
At 30 June 2023 44,295 47,219 2,123 93,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,502 83,651
Tax - 6,768
Prepayments 7,075 7,087
116,577 97,506

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 20,474 21,547
Trade creditors 32,607 36,730
Social security and other taxes 1,235 3,776
VAT 11,007 457
Accrued expenses 2,000 2,000
67,323 64,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 31,662 35,766

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,662 11,766

Bear Terrain Ltd (Registered number: 11773406)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 14,474 15,547
Bank loans 6,000 6,000
20,474 21,547

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,000 6,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 18,000 18,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,662 11,766

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,270 9,225

Deferred
tax
£   
Balance at 1 July 2023 9,225
Provided during year (955 )
Balance at 30 June 2024 8,270

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr S J Cobbold
Balance outstanding at start of year - 765
Amounts repaid - (765 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -