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REGISTERED NUMBER: 09672716 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

2B HEARD LIMITED

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2B HEARD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S Nankivell
D A Wooster





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





BUSINESS ADDRESS: Unit 4F
Shefford Industrial Estate
St Francis Way
Shefford
Bedfordshire
SG17 5DZ





REGISTERED NUMBER: 09672716 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 442,004 449,848
Investments 5 1,494,441 1,491,691
1,936,445 1,941,539

CURRENT ASSETS
Stocks 450,602 372,221
Debtors 6 238,178 31,285
Cash at bank 88,779 39,352
777,559 442,858
CREDITORS
Amounts falling due within one year 7 1,404,897 1,942,029
NET CURRENT LIABILITIES (627,338 ) (1,499,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,309,107

442,368

CREDITORS
Amounts falling due after more than one
year

8

200,117

348,001
NET ASSETS 1,108,990 94,367

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 1,108,590 93,967
SHAREHOLDERS' FUNDS 1,108,990 94,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




S Nankivell - Director



D A Wooster - Director


2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

2B Heard 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about 2B Heard Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. It is calculated at the following rates:

Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

Subsidiaries
A subsidiary is an entity in which the Company has power to control the financial and operating policies so as to obtain benefits from its activities. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group has such power over the other entity.

An investment in a subsidiary, is stated in the Company's separate financial statements at cost less impairment losses, if any.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£ £ £ £ £
COST
At 1 September 2023 378,872 2,305 73,196 42,488 496,861
Additions - 170 11,684 - 11,854
At 31 August 2024 378,872 2,475 84,880 42,488 508,715
DEPRECIATION
At 1 September 2023 - 601 38,914 7,498 47,013
Charge for year - 433 10,518 8,747 19,698
At 31 August 2024 - 1,034 49,432 16,245 66,711
NET BOOK VALUE
At 31 August 2024 378,872 1,441 35,448 26,243 442,004
At 31 August 2023 378,872 1,704 34,282 34,990 449,848

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 September 2023 1,491,691
Additions 2,750
At 31 August 2024 1,494,441
NET BOOK VALUE
At 31 August 2024 1,494,441
At 31 August 2023 1,491,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 171,482 19,754
Other debtors 2,043 1,717
Directors' current accounts 4,082 516
Prepayments 60,571 9,298
238,178 31,285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 296,144 134,103
Other loans 146,760 18,000
Finance leases (see note 9) 31,342 17,886
Trade creditors 229,548 229,609
Amounts owed to group undertakings 7,109 989,913
Tax 6,540 129,884
Social security and other taxes 68,316 9,754
VAT 120,628 50,311
Other creditors 217,814 58,129
Directors' current accounts 74,745 15,792
Accruals 205,951 288,648
1,404,897 1,942,029

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 18,473 18,473
Bank loans - 2-5 years 56,327 56,327
Bank loans more 5 yr by instal 63,861 78,480
Other loans - 1-2 years - 10,500
Finance leases (see note 9) 28,123 17,554
Accruals and deferred income 33,333 166,667
200,117 348,001

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 63,861 78,480

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2024 2023
£ £
Net obligations repayable:
Within one year 31,342 17,886
Between one and five years 28,123 17,554
59,465 35,440

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 157,537 171,611

The bank overdraft and loan are secured by a debenture, granted by the company, held by HSBC Bank Plc over all company assets.

The other loan is secured by a fixed and floating charge over the assets of the company.

The directors have given personal guarantees over the other loan.

2B HEARD LIMITED (REGISTERED NUMBER: 09672716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£ £
D A Wooster
Balance outstanding at start of year 515 5,530
Amounts advanced 4,456 -
Amounts repaid (890 ) (5,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,081 515

There are no set repayment terms and no interest (2023: £nil) is due.

12. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholdings.