| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| OffRoadBean Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| OffRoadBean Limited |
| OffRoadBean Limited (Registered number: 13108644) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| OffRoadBean Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1,733 Coventry Road |
| South Yardley |
| Birmingham |
| West Midlands |
| B26 1DT |
| OffRoadBean Limited (Registered number: 13108644) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 6 |
| CREDITORS |
| Amounts falling due within one year |
7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| OffRoadBean Limited (Registered number: 13108644) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| OffRoadBean Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At 31 March 2025, the company had net current liabilities of £15,434, however the director is confident that the company will be able to operate within its agreed banking facilities in the forthcoming year. |
| The director considers, in preparing these financial statements, that he has taken into account all information that could reasonably be expected to be available when considering whether the company is a going concern. As a result, the director considers that it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would arise should the company be unable to continue trading. |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Franchise costs |
| Franchise costs are initially measured at costs. After initial recognition, they are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Capitalised franchise costs and licenses are being amortised over their estimated useful life of one year. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| OffRoadBean Limited (Registered number: 13108644) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Loans from directors |
| As a small entity the company measures a basic financial liability that are loans from directors at transaction price. |
| Change in accounting policy |
| In the prior period the director was of the opinion that the company was likely to be struck from the register. Accordingly the prior period financial statements were prepared on a break up basis with due allowance made for closures costs and likely losses. |
| Since the prior period the director is no longer of the opinion that company is likely to be struck off and so these financial statements have been prepared on the going concern basis.This change in accounting policy has resulted in the prior period allowances totalling £300, made for closure costs and likely losses, being reversed in the current period. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 5. | INTANGIBLE FIXED ASSETS |
| Franchise |
| costs |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| AMORTISATION |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Other debtors |
| OffRoadBean Limited (Registered number: 13108644) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Directors' current accounts | 15,434 | 13,535 |
| Accruals and deferred income |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.25 | 31.3.24 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | CAPITAL COMMITMENTS |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| 10. | RELATED PARTY DISCLOSURES |
| Loans to key management personnel are unsecured and interest free with no specific repayment terms and are presented within creditors due within one year. |