Beesdirect Ltd - Filleted accounts

Registered number

11996198

Beesdirect Ltd

Unaudited Filleted Accounts

31 December 2024

Beesdirect Ltd
Registered number:		11996198
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		6			24
Tangible assets	4		2,534			43,771
			2,540			43,795

Current assets
Stocks		527,157			595,347
Debtors	5	14,601			18,086
Cash at bank and in hand		167,094			146,994
		708,852			760,427

Creditors: amounts falling due within one year	6	(58,278)			(82,800)

Net current assets			650,574			677,627

Total assets less current liabilities			653,114			721,422

Creditors: amounts falling due after more than one year	7		(375,505)			(385,374)



Net assets			277,609			336,048

Capital and reserves
Called up share capital			100			100
Profit and loss account			277,509			335,948

Shareholders' funds			277,609			336,048

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 R Roberts
Director
Approved by the board on 25 September 2025

Beesdirect Ltd
Notes to the Accounts
for the year ended 31 December 2024


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).

	The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Vehicles	over 4 years
	Computer equipment	over 3 years
	Fixtures, fittings, tools and equipment	over 4 years

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			10		10


3	Intangible fixed assets					£


	Cost
	At 1 January 2024					1,760
	At 31 December 2024					1,760

	Amortisation
	At 1 January 2024					1,736
	Provided during the year					18
	At 31 December 2024					1,754

	Net book value
	At 31 December 2024					6
	At 31 December 2023					24

	Intangible assets are being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	129,682		63,759		193,441
	At 31 December 2024	129,682		63,759		193,441

	Depreciation
	At 1 January 2024	99,586		50,084		149,670
	Charge for the year	27,562		13,675		41,237
	At 31 December 2024	127,148		63,759		190,907

	Net book value
	At 31 December 2024	2,534		-		2,534
	At 31 December 2023	30,096		13,675		43,771


5	Debtors			2024		2023
£					£

	Trade debtors			703		4,614
	Other debtors			13,898		13,472
				14,601		18,086


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			33,036		53,688
	Taxation and social security costs			12,745		13,213
	Other creditors			12,497		15,899
				58,278		82,800


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Amounts owed to parent undertakings			375,505		385,374


8	Controlling party

	The company has taken the exemption in section 1AC.35 of FRS102 from disclosing related party transactions with 100% owned group companies.


9	Other information

	Beesdirect Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Hameldown House
	Hameldown Road
	Exeter Road Industrial Estate
	Okehampton, Devon
	EX20 1UB