Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-31Manufacture of medical and dental instrumentsThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false33truetrue 13355074 2023-01-01 2023-12-31 13355074 2022-01-01 2022-12-31 13355074 2023-12-31 13355074 2022-12-31 13355074 c:Director2 2023-01-01 2023-12-31 13355074 d:OfficeEquipment 2023-01-01 2023-12-31 13355074 d:OfficeEquipment 2023-12-31 13355074 d:OfficeEquipment 2022-12-31 13355074 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13355074 d:CurrentFinancialInstruments 2023-12-31 13355074 d:CurrentFinancialInstruments 2022-12-31 13355074 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13355074 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13355074 d:ShareCapital 2023-12-31 13355074 d:ShareCapital 2022-12-31 13355074 d:RetainedEarningsAccumulatedLosses 2023-12-31 13355074 d:RetainedEarningsAccumulatedLosses 2022-12-31 13355074 c:FRS102 2023-01-01 2023-12-31 13355074 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13355074 c:FullAccounts 2023-01-01 2023-12-31 13355074 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13355074 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 13355074






BEE SYSTEMS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023










img6dd8.png

 
BEE SYSTEMS LIMITED
REGISTERED NUMBER:13355074

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,682
7,148

  
5,682
7,148

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,663

Cash at bank and in hand
 6 
24,198
29,960

  
24,198
31,623

Creditors: amounts falling due within one year
 7 
(371,107)
(200,871)

Net current liabilities
  
 
 
(346,909)
 
 
(169,248)

Total assets less current liabilities
  
(341,227)
(162,100)

  

Net liabilities
  
(341,227)
(162,100)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(341,327)
(162,200)

  
(341,227)
(162,100)


Page 1

 
BEE SYSTEMS LIMITED
REGISTERED NUMBER:13355074

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 Period 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 by: 




................................................
J Spallek
Director

Date: 22 April 2025

Page 2

 
BEE SYSTEMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Bee Systems Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse 32-38 East Street, Rochford, England, SS4 1DB.
The principal activity of the company is that of manufacturing medical instruments and supplies.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider the going concern basis appropriate due to the continued support from the parent company.

 
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

 
BEE SYSTEMS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

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

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
33%
Reducing balance

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 4

 
BEE SYSTEMS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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 receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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 Period was 3 (2022 - 3).

Page 5

 
BEE SYSTEMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
11,104


Additions
1,003



At 31 December 2023

12,107



Depreciation


At 1 January 2023
3,956


Charge for the Period on owned assets
2,469



At 31 December 2023

6,425



Net book value



At 31 December 2023
5,682


5.


Debtors

2023
2022
£
£


Trade debtors
-
1,297

Prepayments and accrued income
-
366

-
1,663



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
24,198
29,960

24,198
29,960


Page 6

 
BEE SYSTEMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
357,875
185,958

Other taxation and social security
6,992
8,076

Accruals and deferred income
6,240
6,837

371,107
200,871



Page 7