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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Let It Beep Limited

Let It Beep Limited (Registered number: 07363807)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Let It Beep Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I S Peel
Mrs E Peel





REGISTERED OFFICE: 47 Fairfield Road
Winchester
Hampshire
SO22 6SG





REGISTERED NUMBER: 07363807 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Let It Beep Limited (Registered number: 07363807)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,735 4,084
2,735 4,084

CURRENT ASSETS
Debtors 6 17,743 14,885
Cash at bank 60,672 78,191
78,415 93,076
CREDITORS
Amounts falling due within one year 7 14,711 14,182
NET CURRENT ASSETS 63,704 78,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,439

82,978

PROVISIONS FOR LIABILITIES 8 520 776
NET ASSETS 65,919 82,202

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 65,917 82,200
SHAREHOLDERS' FUNDS 65,919 82,202

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





I S Peel - Director


Let It Beep Limited (Registered number: 07363807)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Let It Beep 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Basic financial assets receivable within twelve months, including trade debtors, are initially recognised at the transaction price. Subsequently, at the end of each reporting date the assets are carried at transaction price less impairment. Any impairment loss is immediately recognised through profit or loss. The reversal of any impairment in a future period is also recognised in profit or loss.

Financial assets are derecognised when the contractual rights to the cash receivable from the asset is settled or it expires.

Basic financial liabilities, including trade creditors, are initially recognised at the transaction price. Basic financial liabilities are only derecognised when the liability is discharged.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Let It Beep Limited (Registered number: 07363807)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 849 7,271 8,120
Additions - 837 837
At 31 March 2024 849 8,108 8,957
DEPRECIATION
At 1 April 2023 212 3,824 4,036
Charge for year 159 2,027 2,186
At 31 March 2024 371 5,851 6,222
NET BOOK VALUE
At 31 March 2024 478 2,257 2,735
At 31 March 2023 637 3,447 4,084

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,951 14,885
Tax 2,792 -
17,743 14,885

Let It Beep Limited (Registered number: 07363807)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,028 12,195
Directors' current accounts 494 987
Accrued expenses 12,189 1,000
14,711 14,182

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 520 776

Deferred
tax
£   
Balance at 1 April 2023 776
Provided during year (256 )
Balance at 31 March 2024 520

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs E Peel.