Registered number
13130205
BEESTON TOWN LIMITED
Filleted Accounts
31 January 2023
BEESTON TOWN LIMITED
Registered number: 13130205
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 25,410 28,233
25,410 28,233
Current assets
Stocks 883 650
Cash at bank and in hand 141,750 121,250
142,633 121,900
Creditors: amounts falling due within one year 4 (79,188) (82,145)
Net current assets 63,445 39,755
Total assets less current liabilities 88,855 67,988
Net assets 88,855 67,988
Capital and reserves
Called up share capital 100 100
Share premium - -
Revaluation reserve - -
Profit and loss account 88,755 67,888
Shareholder's funds 88,855 67,988
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Ilhan Dag
Director
Approved by the board on 19 October 2023
BEESTON TOWN LIMITED
Notes to the Accounts
for the year ended 31 January 2023
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 - 31,370 - 31,370
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 January 2023 - 31,370 - 31,370
Depreciation
At 1 February 2022 - 3,137 - 3,137
Charge for the year - 2,823 - 2,823
Surplus on revaluation - - - -
On disposals - - - -
At 31 January 2023 - 5,960 - 5,960
Net book value
At 31 January 2023 - 25,410 - 25,410
At 31 January 2022 - 28,233 - 28,233
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,144 2,697
Taxation and social security costs 53,134 45,449
Other creditors 22,910 33,999
79,188 82,145
5 Controlling party
Ilhan Dag
6 Other information
BEESTON TOWN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
88 High Road
Beeston, Nottingham
Nottinghamshire
United Kingdom
NG9 2LF
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