Company Registration No. 10293229 (England and Wales)
Minibems Limited
Unaudited accounts
for the year ended 31 December 2024
Minibems Limited
Unaudited accounts
Contents
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
Minibems Limited
Statement of financial position
as at 31 December 2024
Intangible assets
17,782
29,037
Inventories
544,739
230,807
Cash at bank and in hand
135,852
73,165
Creditors: amounts falling due within one year
(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
(437,709)
(300,000)
Net liabilities
(470,662)
(470,886)
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
Minibems Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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 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.
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.
Accounts have been prepared on a going concern basis due to the continued support of external investors.
Minibems Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
At 31 December 2024
100,000
Charge for the year
11,255
At 31 December 2024
82,218
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
At 1 January 2024
7
17,502
17,509
Charge for the year
185
-
185
At 31 December 2024
192
17,502
17,694
At 31 December 2024
550
-
550
At 31 December 2023
735
-
735
Amounts falling due within one year
Trade debtors
425,591
117,528
Amounts due from group undertakings etc.
28,283
27,052
Other debtors
168,927
168,425
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
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).