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REGISTERED NUMBER: 03760311 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

BEAVER LEEDS LTD

BEAVER LEEDS LTD (REGISTERED NUMBER: 03760311)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAVER LEEDS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: R Bennett
B Richmond
W Dowgill





SECRETARY: R Bennett





REGISTERED OFFICE: Richardshaw Road
Grangefield Ind Estate
Leeds
West Yorkshire
LS28 6RW





REGISTERED NUMBER: 03760311 (England and Wales)





ACCOUNTANTS: Aquarius Business Solutions LLP
Plum Tree Cottage
The Green
Nun Monkton
YORK
North Yorkshire
YO26 8ER

BEAVER LEEDS LTD (REGISTERED NUMBER: 03760311)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,765 220,420

CURRENT ASSETS
Stocks 24,398 24,398
Debtors 5 645,274 1,068,031
Prepayments and accrued income 31,087 4,279
Cash at bank and in hand 758,286 468,058
1,459,045 1,564,766
CREDITORS
Amounts falling due within one year 6 797,159 984,809
NET CURRENT ASSETS 661,886 579,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

862,651

800,377

CREDITORS
Amounts falling due after more than one
year

7

(3,762

)

(16,947

)

PROVISIONS FOR LIABILITIES (797 ) (797 )
NET ASSETS 858,092 782,633

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 857,992 782,533
SHAREHOLDERS' FUNDS 858,092 782,633

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

BEAVER LEEDS LTD (REGISTERED NUMBER: 03760311)

BALANCE SHEET - continued
31 July 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 14 November 2023 and were signed on its behalf by:




R Bennett - Director



B Richmond - Director


BEAVER LEEDS LTD (REGISTERED NUMBER: 03760311)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Beaver Leeds Ltd 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.

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.
Land and buildings - over the period of the lease
Plant and machinery etc - 15% on reducing balance

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

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.

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 profit or loss 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BEAVER LEEDS LTD (REGISTERED NUMBER: 03760311)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 36 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 12,463 747,246 759,709
Additions - 29,545 29,545
At 31 July 2023 12,463 776,791 789,254
DEPRECIATION
At 1 August 2022 12,463 526,826 539,289
Charge for year - 49,200 49,200
At 31 July 2023 12,463 576,026 588,489
NET BOOK VALUE
At 31 July 2023 - 200,765 200,765
At 31 July 2022 - 220,420 220,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 469,809 873,873
Amounts owed by group undertakings 175,465 175,465
Other debtors - 18,693
645,274 1,068,031

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 11,666 10,147
Trade creditors 266,512 361,328
Taxation and social security 92,120 80,403
Other creditors 426,861 532,931
797,159 984,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 3,762 16,947

BEAVER LEEDS LTD (REGISTERED NUMBER: 03760311)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Working capital facility 276,228 344,063
Hire purchase 15,428 27,094
291,656 371,157

The invoice finance facility is secured by way of a fixed and floating charge over the company's assets. The hire purchase liabilities are secured against the assets to which the liability relates.