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REGISTERED NUMBER: 14684599 (England and Wales)















BEAN THEORY LIMITED

Unaudited Financial Statements

for the period

23 March 2023 to 29 February 2024






BEAN THEORY LIMITED (REGISTERED NUMBER: 14684599)






Contents of the Financial Statements
for the period 23 March 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEAN THEORY LIMITED

Company Information
for the period 23 March 2023 to 29 February 2024







DIRECTOR: B R Griggs





REGISTERED OFFICE: Waresley Park Stud
Gamlingay Road
Waresley
Sandy
Bedfordshire
SG19 3DD





REGISTERED NUMBER: 14684599 (England and Wales)






BEAN THEORY LIMITED (REGISTERED NUMBER: 14684599)

Balance Sheet
29 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 83,928

CURRENT ASSETS
Stocks 4,455
Debtors 5 58,901
Cash at bank 6,073
69,429
CREDITORS
Amounts falling due within one year 6 438,173
NET CURRENT LIABILITIES (368,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(284,816

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (284,916 )
(284,816 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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.

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 February 2025 and were signed by:





B R Griggs - Director


BEAN THEORY LIMITED (REGISTERED NUMBER: 14684599)

Notes to the Financial Statements
for the period 23 March 2023 to 29 February 2024

1. STATUTORY INFORMATION

Bean Theory 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
As at the balance sheet date the company showed an insolvent position. However, the majority of the debt is owed to its director who has given assurances that he will not request repayment of his loan account until such time as the company is able to do so without prejudicing its financial position. The Director therefore believes that the going concern basis of preparation is appropriate.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 8 .

BEAN THEORY LIMITED (REGISTERED NUMBER: 14684599)

Notes to the Financial Statements - continued
for the period 23 March 2023 to 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 105,929
At 29 February 2024 105,929
DEPRECIATION
Charge for period 22,001
At 29 February 2024 22,001
NET BOOK VALUE
At 29 February 2024 83,928

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 349
Other debtors 58,552
58,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 8,001
Amounts owed to associates 117,617
Taxation and social security 3,892
Other creditors 308,663
438,173