REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2023 |
for |
Bee Mill Industrial Units Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2023 |
for |
Bee Mill Industrial Units Ltd |
Bee Mill Industrial Units Ltd (Registered number: 00448757) |
Contents of the Financial Statements |
for the year ended 31 January 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Bee Mill Industrial Units Ltd |
Company Information |
for the year ended 31 January 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
22-28 Willow Street |
Accrington |
Lancashire |
BB5 1LP |
BANKERS: |
35 Fishergate |
Preston |
Lancsahire |
PR1 2BY |
Bee Mill Industrial Units Ltd (Registered number: 00448757) |
Abridged Balance Sheet |
31 January 2023 |
31/1/23 | 31/1/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Bee Mill Industrial Units Ltd (Registered number: 00448757) |
Abridged Balance Sheet - continued |
31 January 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Bee Mill Industrial Units Ltd (Registered number: 00448757) |
Notes to the Financial Statements |
for the year ended 31 January 2023 |
1. | STATUTORY INFORMATION |
Bee Mill Industrial Units Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The company owns an industrial mill which is split into units which are rented. Income is recognised in the month which the rent becomes payable. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Motor vehicles | - |
Buildings have previously been revalued by the company. The company is making use of the transitional provisions of the Financial Reporting Standard 102 1A for smaller entities (effective January 2016) and have retained the buildings at valuation less depreciation. |
The depreciation is charged proportionately to the profit and loss account. |
Financial instruments |
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
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 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. |
Bee Mill Industrial Units Ltd (Registered number: 00448757) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2023 |
2. | ACCOUNTING POLICIES - continued |
Intercompany loan |
The intercompany loan has not been accounted for in accordance with FRS 102. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2022 |
Additions |
At 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for year |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
Included in cost of land and buildings is freehold land of £ 568,090 (2022 - £ 568,090 ) which is not depreciated. |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 1 February 2022 |
and 31 January 2023 | 48,450 |
DEPRECIATION |
At 1 February 2022 | 17,442 |
Charge for year | 6,202 |
At 31 January 2023 | 23,644 |
NET BOOK VALUE |
At 31 January 2023 | 24,806 |
At 31 January 2022 | 31,008 |
Bee Mill Industrial Units Ltd (Registered number: 00448757) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2023 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/23 | 31/1/22 |
value: | £ | £ |
Ordinary Share Capital | £1 | 132,275 | 132,275 |
Ordinary A Shares | £1 | 63 | 63 |
132,338 | 132,338 |