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Registration number: 13483455

Bear & Associates Ltd

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2024

 

Bear & Associates Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Statement of Income and Retained Earnings

4

Statement of Financial Position

5

Notes to the Unaudited Financial Statements

6 to 8

 

Bear & Associates Ltd

Company Information

Directors

A F Cox

E A Cox

Company secretary

E A Cox

Registered office

Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

Accountants

Stewart & Co Accountants LLP
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

 

Bear & Associates Ltd

Directors' Report for the Year Ended 30 June 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

A F Cox

E A Cox - Company secretary and director

Small companies provision statement

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

.........................................
A F Cox
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bear & Associates Ltd
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bear & Associates Ltd for the year ended 30 June 2024 as set out on pages 4 to 8 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Bear & Associates Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bear & Associates Ltd and state those matters that we have agreed to state to the Board of Directors of Bear & Associates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bear & Associates Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bear & Associates 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 loss of Bear & Associates Ltd. You consider that Bear & Associates 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 Bear & Associates 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.

image-name


Stewart & Co Accountants LLP
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

19 March 2025

 

Bear & Associates Ltd

Statement of Income and Retained Earnings for the Year Ended 30 June 2024

Note

2024
£

2023
£

Turnover

 

6,000

108,354

Administrative expenses

 

(6,095)

(21,077)

Operating (loss)/profit

 

(95)

87,277

(Loss)/profit before tax

(95)

87,277

Taxation

 

(262)

(17,497)

(Loss)/profit for the financial year

 

(357)

69,780

Retained earnings brought forward

 

18,688

24,308

Dividends paid

 

(2,000)

(75,400)

Retained earnings carried forward

 

16,331

18,688

 

Bear & Associates Ltd

(Registration number: 13483455)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

4,046

3,635

Cash at bank and in hand

 

14,819

35,140

 

18,865

38,775

Creditors: Amounts falling due within one year

5

(2,529)

(20,082)

Net assets

 

16,336

18,693

Capital and reserves

 

Called up share capital

5

5

Profit and loss account

16,331

18,688

Shareholders' funds

 

16,336

18,693

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

Directors' 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 directors acknowledge their 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

.........................................
A F Cox
Director

 

Bear & Associates Ltd

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

1

General information

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

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. England.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

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.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

 

Bear & Associates Ltd

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

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Trade debtors

14

-

Other debtors

2,032

610

Accrued income

2,000

3,025

4,046

3,635

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

28

-

Taxation and social security

868

18,482

Accruals and deferred income

1,633

1,600

2,529

20,082

 

Bear & Associates Ltd

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

6

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

At 30 June 2024
£

A F & E A Cox

609

1,423

2,032

       
     

 

2023

At 1 July 2022
£

Advances to director
£

At 30 June 2023
£

A F & E A Cox

(1,373)

1,982

609