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REGISTERED NUMBER: 05361108 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BEACON HEATING & BOILER SUPPLIES LIMITED

BEACON HEATING & BOILER SUPPLIES LIMITED (REGISTERED NUMBER: 05361108)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BEACON HEATING & BOILER SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr Stephen G Bullen
Mr Alan Cumber





SECRETARY: Mrs Brenda L Bullen





REGISTERED OFFICE: 3 Jesse Terrace
Reading
Berkshire
RG1 7RS





REGISTERED NUMBER: 05361108 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

BEACON HEATING & BOILER SUPPLIES LIMITED (REGISTERED NUMBER: 05361108)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 745 971

CURRENT ASSETS
Stocks 72,267 68,448
Debtors 5 48,671 60,784
Cash at bank 22,120 54,589
143,058 183,821
CREDITORS
Amounts falling due within one year 6 70,024 99,561
NET CURRENT ASSETS 73,034 84,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,779

85,231

CREDITORS
Amounts falling due after more than one
year

7

(70,152

)

(81,818

)

PROVISIONS FOR LIABILITIES 9 (21 ) -
NET ASSETS 3,606 3,413

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 3,506 3,313
SHAREHOLDERS' FUNDS 3,606 3,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BEACON HEATING & BOILER SUPPLIES LIMITED (REGISTERED NUMBER: 05361108)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


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 Board of Directors and authorised for issue on 31 July 2022 and were signed on its behalf by:





Mr Stephen G Bullen - Director


BEACON HEATING & BOILER SUPPLIES LIMITED (REGISTERED NUMBER: 05361108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Beacon Heating & Boiler Supplies 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 50% on cost

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

BEACON HEATING & BOILER SUPPLIES LIMITED (REGISTERED NUMBER: 05361108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities
Basic financial liabilities, including creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BEACON HEATING & BOILER SUPPLIES LIMITED (REGISTERED NUMBER: 05361108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021 3,558 20,450 6,443 30,451
Additions - - 334 334
Disposals - - (2,115 ) (2,115 )
At 31 December 2021 3,558 20,450 4,662 28,670
DEPRECIATION
At 1 January 2021 3,239 20,449 5,792 29,480
Charge for year 66 - 493 559
Eliminated on disposal - - (2,114 ) (2,114 )
At 31 December 2021 3,305 20,449 4,171 27,925
NET BOOK VALUE
At 31 December 2021 253 1 491 745
At 31 December 2020 319 1 651 971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 47,932 59,626
Doubtful debts provision (1,200 ) (3,866 )
PAYE and social security 675 675
Deferred tax asset - 38
Prepayments and accrued income 1,264 4,311
48,671 60,784

BEACON HEATING & BOILER SUPPLIES LIMITED (REGISTERED NUMBER: 05361108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 18,182 18,182
Trade creditors 40,618 71,188
Corporation tax 736 245
VAT 2,042 3,083
Amounts owed to Middleton Plant Hire
Limited

5,000

5,000
Net wages creditor 93 93
Directors' current accounts 1,888 368
Accruals and deferred income 1,465 1,402
70,024 99,561

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans - 1-2 years 18,182 18,182
Bank loans - 2-5 years 51,970 54,545
Bank loans more 5 yr by instal - 9,091
70,152 81,818

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,091

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Within one year - 210
Between one and five years - 753
- 963

9. PROVISIONS FOR LIABILITIES
31.12.21
£   
Deferred tax - Accelerated Capital
Allowances

21

Deferred
tax
£   
Balance at 1 January 2021 (38 )
Provided during year 59
Balance at 31 December 2021 21

BEACON HEATING & BOILER SUPPLIES LIMITED (REGISTERED NUMBER: 05361108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

10. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
80 Ordinary "A" shares £1 80 80
10 Ordinary "Y" shares £1 10 10
10 Ordinary "Z" shares £1 10 10
100 100

The total share capital of the Company has been subdivided into twenty six separate classes of ordinary share labelled A to Z inclusive, each class containing an authorised share capital of 1,000 £1 shares.

The shares have the same rights and restrictions and rank pari passu in all respects save that as regards voting, share classes N to Z inclusive shall not be entitled to vote at any general meeting of the Company. as regards income, share classes A to Z inclusive shall be entitled to payments of varying amounts of dividends at the discretion of the directors, as declared by the Company from time to time.

11. RESERVES
Retained
earnings
£   

At 1 January 2021 3,313
Profit for the year 2,893
Dividends (2,700 )
At 31 December 2021 3,506

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,700 (2020 - £7,960) were paid to the directors .

Middleton Plant Hire Limited a Company in which Mr. Stephen G. Bullen is a shareholder.

At the year end, the Company owed Middleton Plant Hire Limited £5,000 (2020 - £5,000) in respect of an inter company interest free loan. The loan is secured by a Debenture.

Mr. Stephen G. Bullen a shareholder in the Company.

During the year, the Company paid £21,600 (2020 - £21,600) in rent to occupy its shop premises. It is considered that this rental charge represented the normal market price. The shop premises are owned directly by Mr. Stephen G. Bullen and his wife Mrs. Brenda-Lee Bullen.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Stephen G Bullen.