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REGISTERED NUMBER: 11928375 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

BEAUMONT & BEAR LTD

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAUMONT & BEAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr H Pilling
Miss C McCombe



REGISTERED OFFICE: Unit 1
Devon Units
Budlake Road
Exeter
Devon
EX2 8PY



REGISTERED NUMBER: 11928375 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Starling Bank
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,465 4,800

CURRENT ASSETS
Stocks 5 151,651 41,019
Debtors 6 22,929 25,066
Cash at bank and in hand 60,953 27,823
235,533 93,908
CREDITORS
Amounts falling due within one year 7 102,810 36,400
NET CURRENT ASSETS 132,723 57,508
TOTAL ASSETS LESS CURRENT LIABILITIES 143,188 62,308

CREDITORS
Amounts falling due after more than one
year

8

(17,500

)

(23,500

)

PROVISIONS FOR LIABILITIES (846 ) (846 )
NET ASSETS 124,842 37,962

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,742 37,862
SHAREHOLDERS' FUNDS 124,842 37,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

BALANCE SHEET - continued
30 APRIL 2023


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 15 August 2023 and were signed on its behalf by:




Miss C McCombe - Director



Mr H Pilling - Director


BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Beaumont & Bear Ltd 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 - 15% on reducing balance
Computer equipment - 25% 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 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 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.

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 1 (2022 - 1 ) .

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 995 4,247 1,647 6,889
Additions - 4,421 3,331 7,752
At 30 April 2023 995 8,668 4,978 14,641
DEPRECIATION
At 1 May 2022 358 1,075 656 2,089
Charge for year 127 715 1,245 2,087
At 30 April 2023 485 1,790 1,901 4,176
NET BOOK VALUE
At 30 April 2023 510 6,878 3,077 10,465
At 30 April 2022 637 3,172 991 4,800

5. STOCKS
2023 2022
£    £   
Stocks 151,651 41,019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2,085
Directors' current accounts 14,499 7,024
Prepayments 8,430 15,957
22,929 25,066

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 25,011 -
Tax 35,491 11,939
Social security and other taxes (1,104 ) (2,967 )
VAT 25,434 10,943
Other creditors 10,588 8,234
Accrued expenses 1,390 2,251
102,810 36,400

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 17,500 23,500

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. SECURED DEBTS

The bounce back loan of £23,500 is 100% underwritten by the government under the covid support measures.

10. OTHER FINANCIAL COMMITMENTS

At 30/04/2023, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £53,474 (2022 : £13900).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Miss C McCombe and Mr H Pilling
Balance outstanding at start of year 7,024 5,314
Amounts advanced 144,524 72,678
Amounts repaid (137,048 ) (70,968 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,500 7,024

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £68,000 (2022 - £36,200) were paid to the directors .

During the period, the company rented the directors personal residence under a Licence to Occupy agreement for £457 (2022 £457)

13. CHARITABLE DONATIONS

In the year charitable donations were made up of the following:

Farm Safety Foundation £3,025