REGISTERED NUMBER: 06926577 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Beehive Illustration Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mr P R Beebee

Mrs J A Beebee

Registered office:

8 College View

Cirencester

Gloucestershire

GL7 1WD

Registered number:

06926577 (England and Wales)

Accountants:

Ullyott Limited

6 George Street

Driffield

East Yorkshire

YO25 6RA

FIXED ASSETS

Intangible assets

4

81,000

94,500

Tangible assets

5

60,121

77,641

141,121

172,141

CURRENT ASSETS

Stocks

6

134,036

133,696

Debtors

7

159,674

249,378

Cash at bank and in hand

56,322

56,511

350,032

439,585

CREDITORS

Amounts falling due within one year

8

220,518

295,772

NET CURRENT ASSETS

129,514

143,813

TOTAL ASSETS LESS CURRENT LIABILITIES

270,635

315,954

CREDITORS

Amounts falling due after more than one year

9

(25,000

)

(35,000

)

PROVISIONS FOR LIABILITIES

10

(1,620

)

(1,681

)

NET ASSETS

244,015

279,273

CAPITAL AND RESERVES

Called up share capital

11

200

200

Retained earnings

243,815

279,073

SHAREHOLDERS' FUNDS

244,015

279,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:

Mr P R Beebee - Director

1.	STATUTORY INFORMATION

Beehive Illustration 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 2011, is being amortised evenly over its estimated useful life of twenty 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.

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

270,000

AMORTISATION

At 1 January 2024

175,500

Amortisation for year

13,500

At 31 December 2024

189,000

NET BOOK VALUE

At 31 December 2024

81,000

At 31 December 2023

94,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

4,274

158,503

162,777

Additions

896

1,294

2,190

At 31 December 2024

5,170

159,797

164,967

DEPRECIATION

At 1 January 2024

3,125

82,011

85,136

Charge for year

309

19,401

19,710

At 31 December 2024

3,434

101,412

104,846

NET BOOK VALUE

At 31 December 2024

1,736

58,385

60,121

At 31 December 2023

1,149

76,492

77,641

6.

STOCKS

2024

2023

£

£

Work-in-progress

134,036

133,696

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

158,522

248,235

Prepayments and accrued income

1,152

1,143

159,674

249,378

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

151,056

185,818

Corporation tax

12,277

16,728

Social security and other taxes

5,834

6,973

VAT

41,324

77,122

Other creditors

4,725

2,679

Directors' current accounts

3,270

4,852

Accruals and deferred income

2,032

1,600

220,518

295,772

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Directors' loan accounts

25,000

35,000

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

1,620

1,681

Deferred

tax

£

Balance at 1 January 2024

1,681

Provided during year

(61

)

Balance at 31 December 2024

1,620

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

60

Ordinary A

£1

60

60

40

Ordinary B

£1

40

40

200

200