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REGISTERED NUMBER: 05040688 (England and Wales)

















RG BEATTIE (BEDS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






RG BEATTIE (BEDS) LIMITED (REGISTERED NUMBER: 05040688)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


RG BEATTIE (BEDS) LIMITED (REGISTERED NUMBER: 05040688)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,694 73,394

CURRENT ASSETS
Stocks 5 12,261 8,175
Debtors 6 424,804 352,418
Cash at bank 556,161 497,890
993,226 858,483
CREDITORS
Amounts falling due within one year 7 212,280 176,148
NET CURRENT ASSETS 780,946 682,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

937,640

755,729

CREDITORS
Amounts falling due after more than one year 8 (19,323 ) -

PROVISIONS FOR LIABILITIES (29,772 ) (13,945 )
NET ASSETS 888,545 741,784

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 888,485 741,724
SHAREHOLDERS' FUNDS 888,545 741,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2023 and were signed on its behalf by:





Mr A Dockerill - Director


RG BEATTIE (BEDS) LIMITED (REGISTERED NUMBER: 05040688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

RG Beattie (Beds) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05040688

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Herts
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


RG BEATTIE (BEDS) LIMITED (REGISTERED NUMBER: 05040688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 15,461 7,931 97,095 120,487
Additions - 2,454 124,628 127,082
Disposals (8,573 ) (6,435 ) (910 ) (15,918 )
At 28 February 2023 6,888 3,950 220,813 231,651
DEPRECIATION
At 1 March 2022 9,178 6,579 31,336 47,093
Charge for year 1,187 292 39,819 41,298
Eliminated on disposal (7,036 ) (5,788 ) (610 ) (13,434 )
At 28 February 2023 3,329 1,083 70,545 74,957
NET BOOK VALUE
At 28 February 2023 3,559 2,867 150,268 156,694
At 28 February 2022 6,283 1,352 65,759 73,394

RG BEATTIE (BEDS) LIMITED (REGISTERED NUMBER: 05040688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 49,088
Additions 823
At 28 February 2023 49,911
DEPRECIATION
At 1 March 2022 4,091
Charge for year 11,455
At 28 February 2023 15,546
NET BOOK VALUE
At 28 February 2023 34,365
At 28 February 2022 44,997

5. STOCKS
2023 2022
£    £   
Stocks 3,000 3,000
Work-in-progress 9,261 5,175
12,261 8,175

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 122,692 67,611
Other debtors 54,365 34,660
177,057 102,271

Amounts falling due after more than one year:
Other debtors 247,747 250,147

Aggregate amounts 424,804 352,418

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,076 -
Trade creditors 30,409 98,589
Taxation and social security 30,916 15,229
Other creditors 140,879 62,330
212,280 176,148

RG BEATTIE (BEDS) LIMITED (REGISTERED NUMBER: 05040688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 19,323 -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £57,000 (2022 - £49,000) were paid to the directors .

At the balance sheet date, the directors were owed £139,079 (2022 - £60,714).

Maccon Properties Limited
A company in which Mr A Dockerill and Mrs L Dockerill are directors and shareholders.

No management fees charged from Maccon Properties Limited in CY and as well as PY.

2023 2022
£ £
Amount due to related party 250,147 252,547

No interest is payable on these loans and there are no agreed repayment terms.