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REGISTERED NUMBER: 04475393 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Bury & Bean Ltd

Bury & Bean Ltd (Registered number: 04475393)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bury & Bean Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S Overbury
Mrs S M Braddock-Overbury





SECRETARY: Mrs S M Braddock-Overbury





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 04475393 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Bury & Bean Ltd (Registered number: 04475393)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 11,390 15,186
11,391 15,187

CURRENT ASSETS
Stocks 8,829 12,614
Debtors 6 - 1,129
Cash at bank 22,409 40,035
31,238 53,778
CREDITORS
Amounts falling due within one year 7 15,782 25,966
NET CURRENT ASSETS 15,456 27,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,847

42,999

CREDITORS
Amounts falling due after more than
one year

8

(4,893

)

(9,912

)

PROVISIONS FOR LIABILITIES 10 (2,100 ) (2,800 )
NET ASSETS 19,854 30,287

Bury & Bean Ltd (Registered number: 04475393)

Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,754 30,187
SHAREHOLDERS' FUNDS 19,854 30,287

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 17 February 2025 and were signed on its behalf by:





S Overbury - Director


Bury & Bean Ltd (Registered number: 04475393)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Bury & Bean Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue comprises the fair value of goods and services supplied by the company, net of Value Added Tax and trade discounts having regard to the fulfilment of contractual obligations.

Intangible fixed assets
Goodwill is amortised at 5% per annum on the straight line basis, subject to review for any impairment loss.

Tangible assets and depreciation
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Trademark - 25% Reducing Balance
Plant and Equipment - 25% Reducing Balance
Commercial Vehicles - 25% Reducing Balance.

Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Bury & Bean Ltd (Registered number: 04475393)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities i the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the Profit and Loss Account for the year in which they are payable to the Scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year-end.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

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

Bury & Bean Ltd (Registered number: 04475393)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 20,000
AMORTISATION
At 1 November 2023
and 31 October 2024 19,999
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Trademark vehicles Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 42,726 1,246 13,292 57,264
DEPRECIATION
At 1 November 2023 37,514 1,241 3,323 42,078
Charge for year 1,303 1 2,492 3,796
At 31 October 2024 38,817 1,242 5,815 45,874
NET BOOK VALUE
At 31 October 2024 3,909 4 7,477 11,390
At 31 October 2023 5,212 5 9,969 15,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors - 1,129

Bury & Bean Ltd (Registered number: 04475393)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdraft (see note 9)
5,000

5,000
Trade creditors 3,806 7,040
Tax 1,127 2,083
Other tax & social security 932 201
Directors' loan accounts 1,913 4,779
Accruals and deferred income 3,004 6,863
15,782 25,966

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 9) 4,893 9,912

The Bank Loan is unsecured and repayable over six years from inception in September 2020.

9. LOANS

An analysis of the maturity of loans is given below:

31.10.2431.10.23
£ £
Amounts falling due within one year or on demand:
Bounceback Loan - Current 5,0005,000

Amounts falling due between one and five years:
Bounceback Loan4,8939,912




Bury & Bean Ltd (Registered number: 04475393)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

10. PROVISIONS FOR LIABILITIES

31.10.2431.10.23
£   £   
Deferred tax
Accelerated Capital Allowances2,1002,800

Deferred
Tax
£   
Balance at 1st November 20232,800
Applied in the year700
2,100

Deferred Tax has arisen because Capital Allowances exceed depreciation provided in the Accounts.

Deferred tax is charged at 19%.

11. PENSION COMMITMENTS

The company operates defined contribution pension schemes on behalf of its Director and certain employees. The assets of the Scheme are held separately from those of the company in independently administered funds. At the balance sheet date, unpaid contributions of Nil (2023 : Nil) were due to the funds.