Company Registration No. 05563030 (England and Wales)
B LEARS (WOODSHAVINGS) LTD
Unaudited accounts
for the year ended 31 May 2024
B LEARS (WOODSHAVINGS) LTD
Unaudited accounts
Contents
B LEARS (WOODSHAVINGS) LTD
Company Information
for the year ended 31 May 2024
Directors
Mr B Lears
Mr C Lears
Company Number
05563030 (England and Wales)
Registered Office
STANLEY NOOK FARM
ASPULL
WIGAN
WN2 1YH
Accountants
P A Hull & Co
30 Bolton Road
Aspull
Wigan
Lancashire
WN2 1YY
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of B LEARS (WOODSHAVINGS) LTD for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
B LEARS (WOODSHAVINGS) LTD for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of B LEARS (WOODSHAVINGS) LTD, as a body, in accordance with the terms of our engagement letter dated 11 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of B LEARS (WOODSHAVINGS) LTD and state those matters that we have agreed to state to the Board of Directors of B LEARS (WOODSHAVINGS) LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B LEARS (WOODSHAVINGS) LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that B LEARS (WOODSHAVINGS) 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 B LEARS (WOODSHAVINGS) LTD. You consider that B LEARS (WOODSHAVINGS) 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 B LEARS (WOODSHAVINGS) 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.
P A Hull & Co
Chartered Accountants
30 Bolton Road
Aspull
Wigan
Lancashire
WN2 1YY
11 February 2025
B LEARS (WOODSHAVINGS) LTD
Statement of financial position
as at 31 May 2024
Tangible assets
404,193
447,912
Cash at bank and in hand
338,730
273,829
Creditors: amounts falling due within one year
(146,122)
(194,528)
Net current assets
299,694
216,387
Total assets less current liabilities
703,887
664,299
Provisions for liabilities
Deferred tax
(76,797)
(85,103)
Net assets
627,090
579,196
Called up share capital
200
200
Share premium
174,900
174,900
Profit and loss account
451,990
404,096
Shareholders' funds
627,090
579,196
For the year ending 31 May 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 11 February 2025 and were signed on its behalf by
Mr B Lears
Director
Company Registration No. 05563030
B LEARS (WOODSHAVINGS) LTD
Notes to the Accounts
for the year ended 31 May 2024
B LEARS (WOODSHAVINGS) LTD is a private company, limited by shares, registered in England and Wales, registration number 05563030. The registered office is STANLEY NOOK FARM, ASPULL, WIGAN, WN2 1YH.
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.
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:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
727,399
438,828
4,600
2,070
1,172,897
Additions
-
59,950
-
-
59,950
Disposals
-
(45,400)
-
-
(45,400)
At 31 May 2024
727,399
453,378
4,600
2,070
1,187,447
At 1 June 2023
511,492
207,240
4,299
1,954
724,985
Charge for the year
27,912
51,730
45
115
79,802
On disposals
-
(21,533)
-
-
(21,533)
At 31 May 2024
539,404
237,437
4,344
2,069
783,254
At 31 May 2024
187,995
215,941
256
1
404,193
At 31 May 2023
215,907
231,588
301
116
447,912
B LEARS (WOODSHAVINGS) LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
64,585
84,585
Accrued income and prepayments
3,501
3,501
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
8,889
Trade creditors
101,113
191,472
Taxes and social security
42,637
(7,778)
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
8
Average number of employees
During the year the average number of employees was 6 (2023: 7).