REGISTERED NUMBER: 10542659 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BEAR INSTRUMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr J E Green

Ms P A Greasley

REGISTERED OFFICE:

Unit 5

Glebe Farm Business Park

Horley

Oxfordshire

OX15 6BN

REGISTERED NUMBER:

10542659 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

39,968

27,183

CURRENT ASSETS

Debtors

5

10,684

60,687

Cash at bank

22,064

1,952

32,748

62,639

CREDITORS

Amounts falling due within one year

6

9,451

26,229

NET CURRENT ASSETS

23,297

36,410

TOTAL ASSETS LESS CURRENT LIABILITIES

63,265

63,593

PROVISIONS FOR LIABILITIES

7,594

5,222

NET ASSETS

55,671

58,371

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

55,670

58,370

SHAREHOLDERS' FUNDS

55,671

58,371

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Dr J E Green - Director

1.	STATUTORY INFORMATION

Bear Instruments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

15,858

-

28,841

44,699

Additions

6,281

24,650

1,784

32,715

At 31 December 2024

22,139

24,650

30,625

77,414

DEPRECIATION

At 1 January 2024

7,902

-

9,614

17,516

Charge for year

3,559

6,163

10,208

19,930

At 31 December 2024

11,461

6,163

19,822

37,446

NET BOOK VALUE

At 31 December 2024

10,678

18,487

10,803

39,968

At 31 December 2023

7,956

-

19,227

27,183

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

6,000

34,800

Other debtors

4,575

4,575

Tax

-

2,851

Accrued income

-

18,367

Prepayments

109

94

10,684

60,687

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

4,589

10,767

Social security and other taxes

2,378

2,668

VAT

185

10,642

Other creditors

-

437

Directors' current accounts

250

251

Accrued expenses

2,049

1,464

9,451

26,229

7.	LEASING AGREEMENTS

Total future lease commitments payable under non-cancellable operating leases amount to £61,776 (2023 : £75,504).

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1