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REGISTERED NUMBER: 09777682 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

BEACHES LOGISTICS (NORTH EAST) LIMITED

BEACHES LOGISTICS (NORTH EAST) LIMITED (REGISTERED NUMBER: 09777682)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEACHES LOGISTICS (NORTH EAST) LIMITED

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J A Cross
J A Sims





REGISTERED OFFICE: The Business Village
Drum Industrial Estate
Chester Le Street
Co. Durham
DH2 1AB





REGISTERED NUMBER: 09777682 (England and Wales)





ACCOUNTANTS: Ian Lane Accountancy Services
Chartered Certified Accountants
32 Chestnut Avenue
Mickleover
Derby
DE3 9FT

BEACHES LOGISTICS (NORTH EAST) LIMITED (REGISTERED NUMBER: 09777682)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,362
Tangible assets 5 172,543 179,289
172,543 194,651

CURRENT ASSETS
Stocks 15,750 15,750
Debtors 6 788,300 549,986
Cash at bank 140 92
804,190 565,828
CREDITORS
Amounts falling due within one year 7 1,538,704 1,272,990
NET CURRENT LIABILITIES (734,514 ) (707,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(561,971

)

(512,511

)

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings (562,971 ) (513,511 )
SHAREHOLDERS' FUNDS (561,971 ) (512,511 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:



J A Cross - Director


BEACHES LOGISTICS (NORTH EAST) LIMITED (REGISTERED NUMBER: 09777682)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Beaches Logistics (North East) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of four years.

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.

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 - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

BEACHES LOGISTICS (NORTH EAST) LIMITED (REGISTERED NUMBER: 09777682)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

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.

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 19 (2021 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 44,446
AMORTISATION
At 1 January 2022 29,084
Charge for year 15,362
At 31 December 2022 44,446
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 15,362

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 583 211,609 15,630 227,822
Additions 642 - 1,244 1,886
At 31 December 2022 1,225 211,609 16,874 229,708
DEPRECIATION
At 1 January 2022 294 36,678 11,561 48,533
Charge for year 117 5,350 3,165 8,632
At 31 December 2022 411 42,028 14,726 57,165
NET BOOK VALUE
At 31 December 2022 814 169,581 2,148 172,543
At 31 December 2021 289 174,931 4,069 179,289

BEACHES LOGISTICS (NORTH EAST) LIMITED (REGISTERED NUMBER: 09777682)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 632,636 519,087
Other debtors 131,367 18,875
Prepayments 24,297 12,024
788,300 549,986

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts - 2,546
Trade creditors 342,330 371,829
Factoring advances 377,981 241,964
Social security and other taxes 19,459 62,069
VAT 176,137 176,024
Other creditors 605,719 416,258
Accrued expenses 17,078 2,300
1,538,704 1,272,990

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Factoring advances 377,981 241,964

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
1,000 Ordinary shares £1 1,000 1,000