Registered number
07621064
Beeza Ltd
Filleted Accounts
31 March 2025
Beeza Ltd
Registered number: 07621064
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 6,699 9,848
Revaluation of tangible assets 25,892 23,814
32,591 33,662
Current assets
Stocks 3,703 3,235
Debtors 6 8,518 8,441
Cash at bank and in hand 133 269
12,354 11,945
Creditors: amounts falling due within one year 7 (44,013) (42,931)
Net current liabilities (31,659) (30,986)
Total assets less current liabilities 932 2,676
Provisions for liabilities (4,720) (4,923)
Net liabilities (3,788) (2,247)
Capital and reserves
Called up share capital 500 500
Revaluation reserve 8 25,892 23,814
Profit and loss account (30,180) (26,561)
Shareholders' funds (3,788) (2,247)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M D Pope
Director
Approved by the board on 21 June 2025
Beeza Ltd
Notes to the Accounts
for the period from 1 June 2024 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Honey bee colonies not depreciated
Plant and machinery over 5 to 10 years
In respect of the honey bee colonies, as the bees naturally replace themselves the directors have decided not to depreciate these assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Going concern
The owners are of the view that the business is well positioned and resourced and will return a positive result within the next year.
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2024 4,030 18,393 17,396 39,819
At 31 March 2025 4,030 18,393 17,396 39,819
Depreciation
At 1 June 2024 - 14,087 15,884 29,971
Charge for the period - 1,637 1,512 3,149
At 31 March 2025 - 15,724 17,396 33,120
Net book value
At 31 March 2025 4,030 2,669 - 6,699
At 31 May 2024 4,030 4,306 1,512 9,848
5 Fixed asset revaluations 2025 2024
£ £
Plant & Machinery 10,171 9,605
Motor Vehicles 12,000 10,488
Livestock 3,721 3,721
25,892 23,814
The revaluation relates to natural increases in livestock, historic purchases of equipment and vehicles to take account of their limited use to date and hives provided at no cost by a retiring honey bee farmer. Livestock is valued at market value, while plant and machinery and vehicles are valued at realistic second hand value.
6 Debtors 2025 2024
£ £
Trade debtors 89 86
Taxation and social security costs 7,555 7,572
Other debtors 874 783
8,518 8,441
7 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 133 179
Directors' current accounts 43,880 42,752
44,013 42,931
8 Revaluation reserve 2025 2024
£ £
At 1 June 2024 23,814 11,470
Gain on revaluation of land and buildings 2,078 12,344
At 31 March 2025 25,892 23,814
9 Loans to or (from) directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs M E Pope
Business loan (21,376) (564) - (21,940)
[Director 3]
Business loan (21,376) (564) - (21,940)
(42,752) (1,128) - (43,880)
10 Related party transactions
The directors, who are shareholders, received rental income of £1,650 (prior year £1,980)
11 Controlling party
Mr M D Pope and Mrs M E Pope are directors and between them own all of the share capital.
12 Other information
Beeza Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Fairfield Bolt
Wallingford Road
Kingsbridge
Devon
TQ7 1NF
Beeza Ltd 07621064 false 2024-06-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Mr M D Pope No description of principal activity 07621064 2023-06-01 2024-05-31 07621064 core:RevaluationReserve core:LandBuildings 2023-06-01 2024-05-31 07621064 core:WithinOneYear 2024-05-31 07621064 core:ShareCapital 2024-05-31 07621064 core:OtherReservesSubtotal 2024-05-31 07621064 core:RetainedEarningsAccumulatedLosses 2024-05-31 07621064 core:RevaluationReserve 2023-05-31 07621064 2024-06-01 2025-03-31 07621064 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-03-31 07621064 bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-03-31 07621064 bus:Director40 2024-06-01 2025-03-31 07621064 1 2024-06-01 2025-03-31 07621064 2 2024-06-01 2025-03-31 07621064 core:LandBuildings 2024-06-01 2025-03-31 07621064 core:PlantMachinery 2024-06-01 2025-03-31 07621064 core:Vehicles 2024-06-01 2025-03-31 07621064 core:RevaluationReserve core:LandBuildings 2024-06-01 2025-03-31 07621064 bus:Director1 2024-06-01 2025-03-31 07621064 bus:Director1 1 2024-06-01 2025-03-31 07621064 bus:Director2 2024-06-01 2025-03-31 07621064 bus:Director2 1 2024-06-01 2025-03-31 07621064 countries:England 2024-06-01 2025-03-31 07621064 bus:FRS102 2024-06-01 2025-03-31 07621064 bus:FilletedAccounts 2024-06-01 2025-03-31 07621064 2025-03-31 07621064 core:WithinOneYear 2025-03-31 07621064 core:ShareCapital 2025-03-31 07621064 core:OtherReservesSubtotal 2025-03-31 07621064 core:RetainedEarningsAccumulatedLosses 2025-03-31 07621064 core:LandBuildings 2025-03-31 07621064 core:PlantMachinery 2025-03-31 07621064 core:Vehicles 2025-03-31 07621064 core:RevaluationReserve 2025-03-31 07621064 bus:Director1 1 2025-03-31 07621064 bus:Director2 1 2025-03-31 07621064 2024-05-31 07621064 core:LandBuildings 2024-05-31 07621064 core:PlantMachinery 2024-05-31 07621064 core:Vehicles 2024-05-31 07621064 core:RevaluationReserve 2024-05-31 07621064 bus:Director1 1 2024-05-31 07621064 bus:Director2 1 2024-05-31 iso4217:GBP xbrli:pure