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REGISTERED NUMBER: 07677776 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BEARDS LONDON LIMITED

BEARDS LONDON LIMITED (REGISTERED NUMBER: 07677776)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BEARDS LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: A R T Rose





REGISTERED OFFICE: 70 Promenade
CHELTENHAM
Gloucestershire
GL50 1NA





REGISTERED NUMBER: 07677776 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

BEARDS LONDON LIMITED (REGISTERED NUMBER: 07677776)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 302 989

CURRENT ASSETS
Debtors 5 314,874 329,389
Cash at bank 311 -
315,185 329,389
CREDITORS
Amounts falling due within one year 6 1,001,864 918,154
NET CURRENT LIABILITIES (686,679 ) (588,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(686,377

)

(587,776

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (686,477 ) (587,876 )
SHAREHOLDERS' FUNDS (686,377 ) (587,776 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





A R T Rose - Director


BEARDS LONDON LIMITED (REGISTERED NUMBER: 07677776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Beards London 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.

The directors have considered the going concern of the company and have prepared the financial statements on a going concern basis based on the continuing support of Waite & Son (Jewellers) Limited, a company the director has an interest in. Waite & Son (Jewellers) Limited, has confirmed that it will continue to provide this support for at least 12 months from the date of approval of these financial statements.

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

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 20% on cost
Office equipment - 20% on cost

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 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.

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 3 (2022 - 3 ) .

BEARDS LONDON LIMITED (REGISTERED NUMBER: 07677776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 25,481 6,858 32,339
DEPRECIATION
At 1 February 2022 25,481 5,869 31,350
Charge for year - 687 687
At 31 January 2023 25,481 6,556 32,037
NET BOOK VALUE
At 31 January 2023 - 302 302
At 31 January 2022 - 989 989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 314,874 329,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 147,662
Trade creditors 24,752 47,060
Taxation and social security 26,006 54,573
Other creditors 951,106 668,859
1,001,864 918,154

7. RELATED PARTY DISCLOSURES

During the period, the company had expenses paid for by Waite & Son (Jewellers) Limited, a company the director has an interest in. The balance outstanding at the period end date was £843,598 (2022: £558,996).

Included within other debtors: amounts falling due within one year, is a director's loan account in the sum of £216,683 (2021: £209,928) which has been provided to A R T Rose. The account unsecured, accrues interest at HM Revenue & Customs ("HMRC") official rate and carries no fixed date of repayment.