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NEVES BEES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

22ND JUNE 2024 TO 31ST DECEMBER 2024






NEVES BEES LIMITED (REGISTERED NUMBER: 15794252)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 22ND JUNE 2024 TO 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

NEVES BEES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 22ND JUNE 2024 TO 31ST DECEMBER 2024







DIRECTORS: R G Macken
Mrs J A Macken





REGISTERED OFFICE: Park Cottage
Oxford Road
Eynsham
Witney
Oxfordshire
OX29 4BS





REGISTERED NUMBER: 15794252 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

NEVES BEES LIMITED (REGISTERED NUMBER: 15794252)

BALANCE SHEET
31ST DECEMBER 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,250

CURRENT ASSETS
Stocks 20,113
Debtors 5 4,559
Cash at bank 7,199
31,871
CREDITORS
Amounts falling due within one year 6 30,315
NET CURRENT ASSETS 1,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,806

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 7,805
7,806

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th May 2025 and were signed on its behalf by:





R G Macken - Director


NEVES BEES LIMITED (REGISTERED NUMBER: 15794252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22ND JUNE 2024 TO 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Neves Bees Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost

Government grants
During the year, the company was awarded a £5,000 grant under the West Oxfordshire Small Business grant scheme, in order to support economic growth in the local area.

The grant has been deferred and will be recognised over the useful life of the related assets (3 years).

The grant is subject to the condition that the company delivers a project report on completion of the project activity.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Stocks that recognised in cost of sales during the year as an expense totalled £6,578.

Taxation
Taxation for the period 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.


NEVES BEES LIMITED (REGISTERED NUMBER: 15794252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22ND JUNE 2024 TO 31ST DECEMBER 2024

2. 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 4,442 2,566 7,008
At 31st December 2024 4,442 2,566 7,008
DEPRECIATION
Charge for period 291 467 758
At 31st December 2024 291 467 758
NET BOOK VALUE
At 31st December 2024 4,151 2,099 6,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 172
Prepayments and accrued income 4,387
4,559

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,046
Amounts owed to participating interests 18,704
Corporation tax 1,877
Social security and other taxes 253
Directors' current accounts 2,830
Accruals and deferred income 5,605
30,315

NEVES BEES LIMITED (REGISTERED NUMBER: 15794252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22ND JUNE 2024 TO 31ST DECEMBER 2024

7. RELATED PARTY DISCLOSURES

During the period, the company acquired the trade and assets from Glowworm Marketing Limited, a company with common ownership. There were also expenses incurred by Glowworm Marketing Limited on behalf of Neves Bees Limited. As at 31 December 2024, Neves Bees Limited owed £18,704 to Glowworm Marketing Limited.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEVES BEES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Neves Bees Limited for the period ended 31st December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Neves Bees Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Neves Bees Limited. You consider that Neves Bees Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Neves Bees Limited. 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 financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


Date: .............................................