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Registration number: 08759415

Bee Different Ltd

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Bee Different Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Bee Different Ltd

Company Information

Director

Mr David Ian Boyd

Registered office

41 Cysgod Yr Ysgol
Gorslas
Llanelli
Carmarthenshire
SA14 7AX
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Bee Different Ltd

(Registration number: 08759415)
Balance Sheet as at 30 November 2024

Note

30 November
2024
£

30 November
2023
£

Fixed assets

 

Intangible assets

4

1,766

1,766

Tangible assets

5

5,973

7,148

Investment property

6

199,669

199,669

 

207,408

208,583

Current assets

 

Stocks

7

65,686

71,833

Debtors

8

28,002

23,394

Cash at bank and in hand

 

83,685

82,182

 

177,373

177,409

Creditors: Amounts falling due within one year

9

(38,621)

(75,423)

Net current assets

 

138,752

101,986

Net assets

 

346,160

310,569

Capital and reserves

 

Called up share capital

10

1

1

Retained earnings

346,159

310,568

Shareholders' funds

 

346,160

310,569

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Bee Different Ltd

(Registration number: 08759415)
Balance Sheet as at 30 November 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 January 2025
 

.........................................
Mr David Ian Boyd
Director

 

Bee Different Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
41 Cysgod Yr Ysgol
Gorslas
Llanelli
Carmarthenshire
SA14 7AX
Wales

These financial statements were authorised for issue by the director on 29 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bee Different Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% Reducing Balance

Office Equipment

25% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Bee Different Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Bee Different Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 4).

 

Bee Different Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2023

1,766

1,766

At 30 November 2024

1,766

1,766

Amortisation

Carrying amount

At 30 November 2024

1,766

1,766

At 30 November 2023

1,766

1,766

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2023

2,260

9,619

1,465

13,344

At 30 November 2024

2,260

9,619

1,465

13,344

Depreciation

At 1 December 2023

-

5,692

504

6,196

Charge for the year

-

982

193

1,175

At 30 November 2024

-

6,674

697

7,371

Carrying amount

At 30 November 2024

2,260

2,945

768

5,973

At 30 November 2023

2,260

3,927

961

7,148

Included within the net book value of land and buildings above is £2,260 (2023 - £2,260) in respect of freehold land and buildings.
 

 

Bee Different Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

6

Investment properties

30 November
2024
£

At 1 December

199,669

At 30 November

199,669

There has been no valuation of investment property by an independent valuer.

7

Stocks

30 November
2024
£

30 November
2023
£

Other inventories

65,686

71,833

8

Debtors

Current

30 November
2024
£

30 November
2023
£

Trade debtors

26,417

18,609

Prepayments

1,585

2,543

Other debtors

-

2,242

 

28,002

23,394

 

Bee Different Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

9

Creditors

Creditors: amounts falling due within one year

30 November
2024
£

30 November
2023
£

Due within one year

Trade creditors

59

-

Taxation and social security

5,548

39,933

Accruals and deferred income

1,918

2,344

Other creditors

31,096

33,146

38,621

75,423

10

Share capital

Allotted, called up and fully paid shares

30 November
2024

30 November
2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

11

Dividends

30 November
2024

30 November
2023

£

£

Interim dividend of £20,500.00 (2023 - £46,200.00) per ordinary share

20,500

46,200

 

 
 

Bee Different Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

12

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

9,100

6,067