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REGISTERED NUMBER: 07028374 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

BEVERIDGE ASSOCIATES PARTNERSHIP LIMITED

BEVERIDGE ASSOCIATES PARTNERSHIP LIMITED (REGISTERED NUMBER: 07028374)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEVERIDGE ASSOCIATES PARTNERSHIP LIMITED

Company Information
for the year ended 30 April 2023







Directors: Mr A G Foreman
Mr N D Jones
Mr G R Paxton
Mr D Barker





Registered office: Regency House
Station Road
Harold Wood
Romford
Essex
RM3 0BS





Registered number: 07028374 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

BEVERIDGE ASSOCIATES PARTNERSHIP LIMITED (REGISTERED NUMBER: 07028374)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 29,121 25,025
29,121 25,025

Current assets
Stocks 483,444 307,369
Debtors 6 275,758 248,080
Cash at bank 308,254 300,182
1,067,456 855,631
Creditors
Amounts falling due within one year 7 335,073 281,755
Net current assets 732,383 573,876
Total assets less current liabilities 761,504 598,901

Capital and reserves
Called up share capital 9 300 300
Retained earnings 761,204 598,601
Shareholders' funds 761,504 598,901

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

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

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 Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:



Mr N D Jones - Director



Mr A G Foreman - Director


BEVERIDGE ASSOCIATES PARTNERSHIP LIMITED (REGISTERED NUMBER: 07028374)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

Beveridge Associates Partnership 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 (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of seven years.

The purchased goodwill is considered to consist of a number of intangible assets which could not be reliably measured individually, such as methodology, working practices and industry reputation. At acquisition the directors reasonably expect to derive a benefit from this goodwill for a minimum of 7 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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 18 (2022 - 16 ) .

BEVERIDGE ASSOCIATES PARTNERSHIP LIMITED (REGISTERED NUMBER: 07028374)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2022
and 30 April 2023 1,750,000
Amortisation
At 1 May 2022
and 30 April 2023 1,750,000
Net book value
At 30 April 2023 -
At 30 April 2022 -

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 May 2022 29,874 56,302 86,176
Additions 5,513 9,176 14,689
Disposals (7,313 ) (5,343 ) (12,656 )
At 30 April 2023 28,074 60,135 88,209
Depreciation
At 1 May 2022 22,103 39,048 61,151
Charge for year 1,072 4,842 5,914
Eliminated on disposal (5,662 ) (2,315 ) (7,977 )
At 30 April 2023 17,513 41,575 59,088
Net book value
At 30 April 2023 10,561 18,560 29,121
At 30 April 2022 7,771 17,254 25,025

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 207,634 193,482
Other debtors 68,124 54,598
275,758 248,080

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 17,015 27,929
Taxation and social security 309,386 246,525
Other creditors 8,672 7,301
335,073 281,755

BEVERIDGE ASSOCIATES PARTNERSHIP LIMITED (REGISTERED NUMBER: 07028374)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 18,538 55,614
Between one and five years - 18,538
18,538 74,152

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary A 50p 150 150
105 C Ordinary 50p 53 53
105 D Ordinary 50p 53 53
18 E Ordinary 50p 8 8
72 B Ordinary 50p 36 36
300 300

The share classes rank pari passu in all respects save the following;

Voting - The 'A' shares do not entitle the holders thereof to receive notice of, attend or vote at a general meeting of the company.

Dividend - The 'A' shares are entitled to receive a dividend in total, equal to the distributable profits as at 30 April 2011. This dividend has been paid so the 'A' shares have no continuing rights to a dividend.

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr A G Foreman
Balance outstanding at start of year (17 ) (52,789 )
Amounts advanced 220,773 226,003
Amounts repaid (221,340 ) (173,231 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (584 ) (17 )

Mr N D Jones
Balance outstanding at start of year (198 ) (52,798 )
Amounts advanced 215,560 221,751
Amounts repaid (215,407 ) (169,151 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (45 ) (198 )

BEVERIDGE ASSOCIATES PARTNERSHIP LIMITED (REGISTERED NUMBER: 07028374)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


10. Directors' advances, credits and guarantees - continued

Mr G R Paxton
Balance outstanding at start of year (1 ) (1 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) (1 )

11. Related party disclosures

Included in other debtors due within one year is an amount totalling £2,514 due from a company registered in England and Wales in which the director has a material interest. This loan is interest free and repayable on demand.