Honest Bean Co Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11517952 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Honest Bean Co Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

Mr. A D Palmer

Registered office:

6 George Street

Driffield

East Yorkshire

YO25 6RA

Registered number:

11517952 (England and Wales)

Accountants:

Ullyott Limited

6 George Street

Driffield

East Yorkshire

YO25 6RA

FIXED ASSETS

Intangible assets

4

591

788

Tangible assets

5

182

271

773

1,059

CURRENT ASSETS

Stocks

53,078

30,991

Debtors

6

36,301

61,125

Cash at bank and in hand

3,866

6,444

93,245

98,560

CREDITORS

Amounts falling due within one year

7

62,130

75,678

NET CURRENT ASSETS

31,115

22,882

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,888

23,941

CREDITORS

Amounts falling due after more than one
year

8

200,231

219,231

NET LIABILITIES

(168,343

)

(195,290

)

CAPITAL AND RESERVES

Called up share capital

9

101

Retained earnings

(168,444

)

(195,391

)

SHAREHOLDERS' FUNDS

(168,343

)

(195,290

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2026 and were signed by:

Mr. A D Palmer - Director

1.	STATUTORY INFORMATION

Honest Bean Co Limited 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.

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.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

33% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

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

Current or deferred taxation assets and liabilities are not discounted.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 September 2024

and 31 August 2025

1,970

AMORTISATION

At 1 September 2024

1,182

Amortisation for year

197

At 31 August 2025

1,379

NET BOOK VALUE

At 31 August 2025

591

At 31 August 2024

788

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2024

and 31 August 2025

1,070

DEPRECIATION

At 1 September 2024

799

Charge for year

89

At 31 August 2025

888

NET BOOK VALUE

At 31 August 2025

182

At 31 August 2024

271

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

29,788

53,703

VAT

6,513

7,422

36,301

61,125

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

61,237

75,078

Other creditors

293

-

Accruals and deferred income

600

62,130

75,678

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Other loans

3,000

-

Amounts owed to associates

14,845

24,845

Directors' loan accounts

182,386

194,386

200,231

219,231

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

94

Ordinary

£1

94

6

Ordinary A

£1

6

1

Ordinary B

£1

1

101