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Company Registration No. 10293229 (England and Wales)
Minibems Limited Unaudited accounts for the year ended 31 December 2024
Minibems Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Minibems Limited Company Information for the year ended 31 December 2024
Directors
Andre Van Heerden Matthew Bronner Grant Rapmund Kevin Engelbretson
Company Number
10293229 (England and Wales)
Registered Office
Unit 80 Basepoint Business Centre Aviation Business Park Enterprise Close East Parley Christchurch BH23 6NX United Kingdom
Accountants
Taxnfacts Ltd Timbuckthree 9 New Tolsta Isle of Lewis HS2 0NN
- 3 -
Minibems Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
17,782
29,037
Tangible assets
5
550
735
18,332
29,772
Current assets
Inventories
544,739
230,807
Debtors
6
647,783
328,271
Cash at bank and in hand
135,852
73,165
1,328,374
632,243
Creditors: amounts falling due within one year
7
(1,379,659)
(832,901)
Net current liabilities
(51,285)
(200,658)
Total assets less current liabilities
(32,953)
(170,886)
Creditors: amounts falling due after more than one year
8
(437,709)
(300,000)
Net liabilities
(470,662)
(470,886)
Capital and reserves
Called up share capital
29
29
Share premium
4,532,118
4,532,118
Profit and loss account
(5,002,809)
(5,003,033)
Shareholders' funds
(470,662)
(470,886)
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by
Andre Van Heerden Director Company Registration No. 10293229
- 4 -
Minibems Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Minibems Limited is a private company, limited by shares, registered in England and Wales, registration number 10293229. The registered office is Unit 80 Basepoint Business Centre, Aviation Business Park, Enterprise Close, East Parley, Christchurch, BH23 6NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years reducing balance
Computer equipment
3 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred. Costs charged to sundry expenses in the year are £32,641 (2023 £103,322).
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
Accounts have been prepared on a going concern basis due to the continued support of external investors.
- 5 -
Minibems Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
100,000
At 31 December 2024
100,000
Amortisation
At 1 January 2024
70,963
Charge for the year
11,255
At 31 December 2024
82,218
Net book value
At 31 December 2024
17,782
At 31 December 2023
29,037
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
742
17,502
18,244
At 31 December 2024
742
17,502
18,244
Depreciation
At 1 January 2024
7
17,502
17,509
Charge for the year
185
-
185
At 31 December 2024
192
17,502
17,694
Net book value
At 31 December 2024
550
-
550
At 31 December 2023
735
-
735
6
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
24,982
15,266
Trade debtors
425,591
117,528
Amounts due from group undertakings etc.
28,283
27,052
Other debtors
168,927
168,425
647,783
328,271
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
404,402
475,201
Amounts owed to group undertakings and other participating interests
-
17,453
Taxes and social security
81,494
86,718
Other creditors
893,763
253,529
1,379,659
832,901
- 6 -
Minibems Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and other participating interests
437,709
300,000
9
Average number of employees
During the year the average number of employees was 22 (2023: 6).
- 7 -