The Bean Project Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08864308

The Bean Project Limited

Filleted Unaudited Financial Statements

For the year ended

31 January 2026

The Bean Project Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		52,859	73,072

Current assets

Debtors	6	32,984	59,877
Cash at bank and in hand		70,288	41,391
		----------	----------
		103,272	101,268

Creditors: amounts falling due within one year	7	52,846		33,302
		----------		----------
Net current assets			50,426	67,966
			----------	----------
Total assets less current liabilities			103,285	141,038

Creditors: amounts falling due after more than one year	8		38,679	50,917

Provisions

Deferred taxation	13,215	18,268
	----------	----------
Net assets	51,391	71,853
	----------	----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	51,291	71,753
	--------	--------
Shareholders funds	51,391	71,853
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Bean Project Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 18 August 2026 , and are signed on behalf of the board by:

T M Wylie

Director

Company registration number: 08864308

The Bean Project Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered during the year net of Value Added Tax. Turnover represents amounts invoiced for the services completed by the end of the year.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	33% straight line

Finance leases and hire purchase contracts

Assets held under finance lease and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Finance lease and hire purchase payments are apportioned between the finance charges and reduction of the outstanding lease liability using the sum of the digits interest method.

Defined contribution plans

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 February 2025	5,372	76,750	24,173	106,295
Additions	2,409	–	5,280	7,689
Disposals	–	–	( 2,921)	( 2,921)
	-------	--------	--------	----------
At 31 January 2026	7,781	76,750	26,532	111,063
	-------	--------	--------	----------
Depreciation
At 1 February 2025	1,907	19,188	12,128	33,223
Charge for the year	1,084	19,187	5,572	25,843
Disposals	–	–	( 862)	( 862)
	-------	--------	--------	----------
At 31 January 2026	2,991	38,375	16,838	58,204
	-------	--------	--------	----------
Carrying amount
At 31 January 2026	4,790	38,375	9,694	52,859
	-------	--------	--------	----------
At 31 January 2025	3,465	57,562	12,045	73,072
	-------	--------	--------	----------

6. Debtors

	2026	2025
	£	£
Trade debtors	5,376	5,376
Other debtors	27,608	54,501
	--------	--------
	32,984	59,877
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	38,158	21,626
Other creditors	14,688	11,676
	--------	--------
	52,846	33,302
	--------	--------

Included within other creditors is £12,237 (2025: £9,524) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	38,679	50,917
	--------	--------

Included within other creditors is £38,679 (2025: £50,917) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions	13,215	18,268
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	13,215	18,268
	--------	--------

10. Directors' advances, credits and guarantees

The directors maintained a loan account with the company throughout the year. At the beginning of the year, the directors owed the company £47,092. During the year, the directors received advances of £14,398 (2025: £76,121) and made repayments of £41,291 (2025: £70,414). At the reporting date, the directors owed the company £20,199. Interest was charged on the loan account at an annual rate of 3.75% (2025: 2.25%). The directors' loan is unsecured and repayable on demand.