BLACK BEAR (MORETON) LIMITED


Directors	LAWRENCE, Alison
	LAWRENCE, David


Registered Address	Trinder House Free Street
	Bishops Waltham
	Southampton
	SO32 1EE


Registered Number	11905392 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		30,000		30,000
Tangible assets	4		21,664		26,871
			51,664		56,871
Current assets
Stocks		11,432		11,811
Debtors		174,884		52,823
Cash at bank and on hand		78,077		277,153
		264,393		341,787
Creditors amounts falling due within one year		(66,138)		(150,891)
Net current assets (liabilities)			198,255		190,896
Total assets less current liabilities			249,919		247,767
Net assets			249,919		247,767
Capital and reserves
Called up share capital			2		2
Profit and loss account			249,917		247,765
Shareholders' funds			249,919		247,767

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 12 December 2025, and are signed on its behalf by:

LAWRENCE, Alison
Director

LAWRENCE, David
Director

Registered Company No. 11905392

BLACK BEAR (MORETON) LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	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.

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.

	Intangible assets
	IAS 38 sets out the criteria for recognising and measuring intangible assets and requires disclosures about them. An intangible asset is an identifiable non-monetary asset without physical substance. Such an asset is identifiable when it is separable, or when it arises from contractual or other legal rights. Separable assets can be sold, transferred, licensed, etc. Examples of intangible assets include computer software, licences, trademarks, patents, films, copyrights and import quotas. Goodwill acquired in a business combination is accounted for in accordance with IFRS 3 and is outside the scope of IAS 38. Internally generated goodwill is within the scope of IAS 38 but is not recognised as an asset because it is not an identifiable resource. Expenditure for an intangible item is recognised as an expense, unless the item meets the definition of an intangible asset, and: it is probable that there will be future economic benefits from the asset; and the cost of the asset can be reliably measured.

Intangible assets

IAS 38 sets out the criteria for recognising and measuring intangible assets and requires disclosures about them. An intangible asset is an identifiable non-monetary asset without physical substance. Such an asset is identifiable when it is separable, or when it arises from contractual or other legal rights. Separable assets can be sold, transferred, licensed, etc. Examples of intangible assets include computer software, licences, trademarks, patents, films, copyrights and import quotas. Goodwill acquired in a business combination is accounted for in accordance with IFRS 3 and is outside the scope of IAS 38. Internally generated goodwill is within the scope of IAS 38 but is not recognised as an asset because it is not an identifiable resource.

Expenditure for an intangible item is recognised as an expense, unless the item meets the definition of an intangible asset, and:

it is probable that there will be future economic benefits from the asset; and
the cost of the asset can be reliably measured.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.  Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis.  Overheads are charged to profit or loss as incurred.  Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		6

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	30,000
	At 31 March 25	30,000
	Net book value
	At 31 March 25	30,000
	At 31 March 24	30,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	52,521
	Additions	1,271
	At 31 March 25	53,792
	Depreciation and impairment
	At 01 April 24	25,650
	Charge for year	6,478
	At 31 March 25	32,127
	Net book value
	At 31 March 25	21,664
	At 31 March 24	26,871