Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-06-01falsefalseNo description of principal activity22true 11974026 2023-06-01 2024-05-31 11974026 2022-06-01 2023-05-31 11974026 2024-05-31 11974026 2023-05-31 11974026 c:Director1 2023-06-01 2024-05-31 11974026 c:Director2 2023-06-01 2024-05-31 11974026 c:RegisteredOffice 2023-06-01 2024-05-31 11974026 d:OfficeEquipment 2023-06-01 2024-05-31 11974026 d:OfficeEquipment 2024-05-31 11974026 d:OfficeEquipment 2023-05-31 11974026 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11974026 d:ComputerSoftware 2024-05-31 11974026 d:ComputerSoftware 2023-05-31 11974026 d:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 11974026 d:CurrentFinancialInstruments 2024-05-31 11974026 d:CurrentFinancialInstruments 2023-05-31 11974026 d:Non-currentFinancialInstruments 2024-05-31 11974026 d:Non-currentFinancialInstruments 2023-05-31 11974026 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 11974026 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11974026 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 11974026 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 11974026 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 11974026 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 11974026 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 11974026 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 11974026 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 11974026 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 11974026 d:ShareCapital 2024-05-31 11974026 d:ShareCapital 2023-05-31 11974026 d:SharePremium 2024-05-31 11974026 d:SharePremium 2023-05-31 11974026 d:RetainedEarningsAccumulatedLosses 2024-05-31 11974026 d:RetainedEarningsAccumulatedLosses 2023-05-31 11974026 c:OrdinaryShareClass1 2023-06-01 2024-05-31 11974026 c:OrdinaryShareClass1 2023-05-31 11974026 c:OrdinaryShareClass2 2023-06-01 2024-05-31 11974026 c:OrdinaryShareClass2 2024-05-31 11974026 c:FRS102 2023-06-01 2024-05-31 11974026 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11974026 c:FullAccounts 2023-06-01 2024-05-31 11974026 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11974026 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-06-01 2024-05-31 11974026 4 2023-06-01 2024-05-31 11974026 d:ComputerSoftware d:OwnedIntangibleAssets 2023-06-01 2024-05-31 11974026 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11974026









YOUR BEANS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
YOUR BEANS LIMITED
 
 
COMPANY INFORMATION


Directors
F K Jones 
R S Jones 




Registered number
11974026



Registered office
17 The Limes
Warfield

Bracknell

England

RG42 6DH




Accountants
Donald Reid Limited

1010 Eskdale Road

Winnersh

Wokingham

England

RG41 5TS





 
YOUR BEANS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 11


 
YOUR BEANS LIMITED
REGISTERED NUMBER: 11974026

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
104,693
51,398

Tangible assets
 5 
5,529
5,126

  
110,222
56,524

Current assets
  

Stocks
 6 
47,000
17,414

Debtors: amounts falling due within one year
 7 
7,135
61,481

Cash at bank and in hand
 8 
6,093
34,684

  
60,228
113,579

Creditors: amounts falling due within one year
 9 
(184,802)
(332,985)

Net current liabilities
  
 
 
(124,574)
 
 
(219,406)

Total assets less current liabilities
  
(14,352)
(162,882)

Creditors: amounts falling due after more than one year
 10 
(38,090)
(17,500)

  

Net liabilities
  
(52,442)
(180,382)


Capital and reserves
  

Called up share capital 
 12 
1
1

Share premium account
  
102,250
-

Profit and loss account
  
(154,693)
(180,383)

  
(52,442)
(180,382)


Page 1

 
YOUR BEANS LIMITED
REGISTERED NUMBER: 11974026
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2025.




R S Jones
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Your Beans Limited is a private company limited by shares. The Company was incorporated in the United Kingdom and was registered in England and Wales. The registration number is 11974026. The registered office is 17 The Limes, Warfield, Bracknell, England, RG42 6DH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company had net liabilities of £52,442 (2023: £180,382). In order to enable the company to remain a going concern, the director will continue to provide financial support. The director therefore considers it appropriate to use the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Website
-
33%
Straight Line

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 
Page 5

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Intangible assets




Website

£



Cost


At 1 June 2023
74,197


Additions
91,071



At 31 May 2024

165,268



Amortisation


At 1 June 2023
22,800


Charge for the year on owned assets
37,775



At 31 May 2024

60,575



Net book value



At 31 May 2024
104,693



At 31 May 2023
51,397



Page 7

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
8,637


Additions
3,000



At 31 May 2024

11,637



Depreciation


At 1 June 2023
3,511


Charge for the year on owned assets
2,597



At 31 May 2024

6,108



Net book value



At 31 May 2024
5,529



At 31 May 2023
5,126


6.


Stocks

2024
2023
£
£

Raw materials and consumables
47,000
17,414

47,000
17,414



7.


Debtors

2024
2023
£
£


Other debtors
7,135
16,681

Prepayments and accrued income
-
44,800

7,135
61,481


Page 8

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,093
34,684

Less: bank overdrafts
-
(800)

6,093
33,884



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
800

Bank loans
67,627
70,790

Trade creditors
33,486
110,181

Other creditors
82,589
151,214

Accruals and deferred income
1,100
-

184,802
332,985



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
38,090
17,500

38,090
17,500


Page 9

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
67,627
70,790


67,627
70,790

Amounts falling due 1-2 years

Bank loans
26,410
2,500


26,410
2,500

Amounts falling due 2-5 years

Bank loans
8,658
7,500


8,658
7,500

Amounts falling due after more than 5 years

Bank loans
3,022
7,500

3,022
7,500

105,717
88,290



12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



Nil (2023 - 100) Ordinary Shares shares of £0.01000 each
-
1
107,270 (2023 - Nil ) Ordinary shares shares of £0.00001 each
1
-

1

1

During the year, 7,270 Ordinary shares with a nominal value totalling £0.07 were issued for an aggregate consideration of £104,050.
During the year, 100 Ordinary shares with a nominal value of £0.01 per share were subdivided into 100,000 Ordinary shares with a nominal value of £0.00001.


Page 10

 
YOUR BEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

13.


Related party transactions

At the year end included within other creditors is £82,589 (2023: £73,534) owed by the company to the directors. 

 
Page 11