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REGISTERED NUMBER: 00795354 (England and Wales)














C. BEECH & SONS (NETHERTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C. BEECH & SONS (NETHERTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: C G Beech
M C Beech
M A Darby
S H Bashford





SECRETARY: M A Darby





REGISTERED OFFICE: Waterside Estate
Primrose Hill
Netherton
Dudley
West Midlands
DY2 9RG





REGISTERED NUMBER: 00795354 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Churchfield House
36 Vicar Street
Dudley
West Midlands
DY2 8RG

C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 821,088 849,164
Investment property 5 1,032,000 1,032,000
1,853,088 1,881,164

CURRENT ASSETS
Stocks 440,245 319,875
Debtors 6 641,446 851,870
Investments 7 98,793 119,890
Cash at bank and in hand 993,190 939,563
2,173,674 2,231,198
CREDITORS
Amounts falling due within one year 8 475,254 838,690
NET CURRENT ASSETS 1,698,420 1,392,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,551,508

3,273,672

PROVISIONS FOR LIABILITIES 5,498 10,806
NET ASSETS 3,546,010 3,262,866

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Non distributable profit and
loss reserve 10 720,956 758,690
Other reserves 2,500 2,500
Retained earnings 2,821,554 2,500,676
SHAREHOLDERS' FUNDS 3,546,010 3,262,866

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

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

C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

BALANCE SHEET - continued
30TH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





M C Beech - Director


C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

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

1. STATUTORY INFORMATION

C. Beech & Sons (Netherton) 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.

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


The financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the cost incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property - 2% om cost
Computer equipment - 33% on cost
Plant and machinery - 15% on reducing balance
Fixture and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Freehold property includes land and buildings. Freehold land included within freehold property has not been depreciated.

Tangible fixed assets are stated under the historical cost model at historical cost less accumulated depreciation and any accumulated losses. Historical cost included expenditure that is directly attributable to bringing the asset to its location and condition necessary for it to be capable of operating.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is and indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds on sale with the carrying amount and are recognised within 'operating profit' in the income statement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Investment property is carried at fair valuer determined annually by the directors using their knowledge of the current property market. No depreciation is provided on investment property.

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

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula.

Net realisable value is based on estimated selling price less any further costs expected to be incurred for completion and sale. Any impairment loss is recognised in the income statement.

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.


C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

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

2. ACCOUNTING POLICIES - continued
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 the income statement 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. It also makes employer contributions into staff personal pension schemes. All contributions payable for the year are charged in the income statement.

A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations.

Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plans are held separately from the company in independently administered funds.

Employee benefits
When employees have rendered services to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses are recognised in the Statement of Comprehensive Income.

C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes deposits held at call at banks.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment.

Impairment

Assets not valued at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying value. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the income statement.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

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

4. TANGIBLE FIXED ASSETS
Freehold Office Plant and
property equipment machinery
£    £    £   
COST
At 1st May 2022 969,999 61,536 367,672
Additions - - -
Disposals - - (10,000 )
At 30th April 2023 969,999 61,536 357,672
DEPRECIATION
At 1st May 2022 256,080 61,030 318,672
Charge for year 11,640 76 7,169
Eliminated on disposal - - (8,791 )
At 30th April 2023 267,720 61,106 317,050
NET BOOK VALUE
At 30th April 2023 702,279 430 40,622
At 30th April 2022 713,919 506 49,000

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2022 51,085 321,116 12,516 1,783,924
Additions - 20,000 - 20,000
Disposals - (4,800 ) - (14,800 )
At 30th April 2023 51,085 336,316 12,516 1,789,124
DEPRECIATION
At 1st May 2022 50,453 238,129 10,396 934,760
Charge for year 95 25,739 2,120 46,839
Eliminated on disposal - (4,772 ) - (13,563 )
At 30th April 2023 50,548 259,096 12,516 968,036
NET BOOK VALUE
At 30th April 2023 537 77,220 - 821,088
At 30th April 2022 632 82,987 2,120 849,164

Freehold property was valued in July 2000 on an open market basis by an independent valuer at £969,999. This is the most recent valuation, and the company has elected to use this valuation as its deemed cost on transition. Historic cost was £567,367.

C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2022
and 30th April 2023 1,032,000
NET BOOK VALUE
At 30th April 2023 1,032,000
At 30th April 2022 1,032,000

Fair value at 30th April 2023 is represented by:
£   
Valuation in 2022 1,032,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 431,810 431,810

Investment properties were valued on a fair value basis basis on 30th April 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 528,156 593,573
Other debtors - 146,835
Corporation tax recoverable 40,564 40,564
Prepayments 72,726 70,898
641,446 851,870

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 98,793 119,890

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 259,533 318,044
Taxation and social security 186,380 177,258
Other creditors 29,341 343,388
475,254 838,690

C. BEECH & SONS (NETHERTON) LIMITED (REGISTERED NUMBER: 00795354)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
850 ordinary £1 850 850
150 'A' ordinary £1 150 150
1,000 1,000

10. RESERVES
Non
distributable
profit
and loss
reserve
£   
At 1st May 2022 758,690
Transfers (37,734 )

At 30th April 2023 720,956

11. OTHER FINANCIAL COMMITMENTS

At 30th April 2023 the company has operating lease commitments totalling £4,866 (2022 £1,007).