Registered number
04033460
Beechwood Frames Limited
Report and Accounts
31 December 2021
Beechwood Frames Limited
Report to the directors on the preparation of the unaudited statutory accounts of Beechwood Frames Limited for the period ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Beechwood Frames Limited for the period ended 31 December 2021 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
1 August 2022
Beechwood Frames Limited
Registered number: 04033460
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 6,211 6,497
Current assets
Stocks 27,392 22,164
Debtors 4 45,457 81,500
Cash at bank and in hand 84,575 109,978
157,424 213,642
Creditors: amounts falling due within one year 5 (91,239) (110,802)
Net current assets 66,185 102,840
Net assets 72,396 109,337
Capital and reserves
Called up share capital 100 100
Profit and loss account 72,296 109,237
Shareholders' funds 72,396 109,337
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A C T Forster
Director
Approved by the board on 1 August 2022
Beechwood Frames Limited
Notes to the Accounts
for the period from 1 December 2020 to 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2020 42,332 21,252 63,584
Additions 2,128 - 2,128
At 31 December 2021 44,460 21,252 65,712
Depreciation
At 1 December 2020 37,572 19,515 57,087
Charge for the period 1,944 470 2,414
At 31 December 2021 39,516 19,985 59,501
Net book value
At 31 December 2021 4,944 1,267 6,211
At 30 November 2020 4,760 1,737 6,497
4 Debtors 2021 2020
£ £
Trade debtors 45,457 81,500
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 581 15,997
Corporation tax 45,234 27,947
Other taxes and social security costs 43,123 63,453
Other creditors 2,301 3,405
91,239 110,802
6 Other information
Beechwood Frames Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beechwood Frames
Chapel Street
Long Eaton
Nottingham
NG10 1EQ
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