Company registration number 12634064 (England and Wales)
HOUSE OF BEETS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
HOUSE OF BEETS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HOUSE OF BEETS LTD
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
78,443
86,496
Current assets
Stocks
13,201
11,189
Debtors
4
32,850
32,470
Cash at bank and in hand
34,975
2,710
81,026
46,369
Creditors: amounts falling due within one year
5
(139,183)
(225,910)
Net current liabilities
(58,157)
(179,541)
Net assets/(liabilities)
20,286
(93,045)
Capital and reserves
Called up share capital
20
20
Profit and loss reserves
20,266
(93,065)
Total equity
20,286
(93,045)

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 June 2025 and are signed on its behalf by:
..............................................
Mrs Michelle Sakr
Director
Company registration number 12634064 (England and Wales)
HOUSE OF BEETS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

House of Beets Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, 27 Shirwell Crescent, Furzton Lake, Milton Keynes, Bucks, UK, MK4 1GA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
15% reducing balance
Fixtures and fittings
20% reducing balance
Computers
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
12
9
HOUSE OF BEETS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2023
71,820
31,812
103,632
Additions
-
0
7,819
7,819
At 31 October 2024
71,820
39,631
111,451
Depreciation and impairment
At 1 November 2023
10,773
6,363
17,136
Depreciation charged in the year
9,157
6,715
15,872
At 31 October 2024
19,930
13,078
33,008
Carrying amount
At 31 October 2024
51,890
26,553
78,443
At 31 October 2023
61,047
25,449
86,496
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,867
144
Other debtors
30,983
32,326
32,850
32,470
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
22,022
28,024
Other creditors
117,161
197,886
139,183
225,910
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