Registered number
08486324
Beak @ 28 Ltd
Filleted Accounts
31 March 2023
Beak @ 28 Ltd
Registered number: 08486324
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Intangible assets 3 110,000 110,000
Tangible assets 4 9,941 11,377
119,941 121,377
Current assets
Stocks 3,500 3,500
Debtors 5 1,896 6,984
Cash at bank and in hand 47,076 63,820
52,472 74,304
Creditors: amounts falling due within one year 6 (64,414) (65,108)
Net current (liabilities)/assets (11,942) 9,196
Net assets 107,999 130,573
Capital and reserves
Called up share capital 100 100
Profit and loss account 107,899 130,473
Shareholders' funds 107,999 130,573
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs J M Beak
Director
Approved by the board on 23 October 2023
Beak @ 28 Ltd
Notes to the Accounts
for the year ended 31 March 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:
Fixtures, fittings, tools and equipment 25% reducing balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 110,000
At 31 March 2023 110,000
Amortisation
At 31 March 2023 -
Net book value
At 31 March 2023 110,000
At 31 March 2022 110,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 17,329
Additions 839
At 31 March 2023 18,168
Depreciation
At 1 April 2022 5,952
Charge for the year 2,275
At 31 March 2023 8,227
Net book value
At 31 March 2023 9,941
At 31 March 2022 11,377
5 Debtors 2023 2022
£ £
Trade debtors 1,896 6,984
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 119 3,222
Trade creditors 15,453 16,220
Taxation and social security costs 47,874 44,826
Other creditors 968 840
64,414 65,108
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A H Beak
Directors loan (840) 187,872 (188,000) (968)
(840) 187,872 (188,000) (968)
8 Other information
Beak @ 28 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 Sketty Road
Swansea
SA2 0LJ
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