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REGISTERED NUMBER: 11806265 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Beach Shack Limited

The Beach Shack Limited (Registered number: 11806265)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Beach Shack Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R Di-Iulio
Mrs A Di-Iulio





REGISTERED OFFICE: 60 Park Drive
Skewen
Neath
SA10 6SG





REGISTERED NUMBER: 11806265 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

The Beach Shack Limited (Registered number: 11806265)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,000 31,500
Tangible assets 5 30,666 38,211
57,666 69,711

CURRENT ASSETS
Debtors 6 - 315
Cash at bank and in hand 319,373 274,465
319,373 274,780
CREDITORS
Amounts falling due within one year 7 94,515 136,674
NET CURRENT ASSETS 224,858 138,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,524

207,817

PROVISIONS FOR LIABILITIES 8 5,830 7,260
NET ASSETS 276,694 200,557

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 276,594 200,457
276,694 200,557

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Beach Shack Limited (Registered number: 11806265)

Balance Sheet - continued
31 March 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 17 November 2023 and were signed on its behalf by:





R Di-Iulio - Director


The Beach Shack Limited (Registered number: 11806265)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Beach Shack 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.

Turnover
Turnover represents sales of goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.


The Beach Shack Limited (Registered number: 11806265)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 45,000
AMORTISATION
At 1 April 2022 13,500
Amortisation for year 4,500
At 31 March 2023 18,000
NET BOOK VALUE
At 31 March 2023 27,000
At 31 March 2022 31,500

The Beach Shack Limited (Registered number: 11806265)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 22,161 24,575 754 47,490
Additions 2,577 - - 2,577
At 31 March 2023 24,738 24,575 754 50,067
DEPRECIATION
At 1 April 2022 5,493 3,350 436 9,279
Charge for year 4,737 5,306 79 10,122
At 31 March 2023 10,230 8,656 515 19,401
NET BOOK VALUE
At 31 March 2023 14,508 15,919 239 30,666
At 31 March 2022 16,668 21,225 318 38,211

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 315

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,136 12,801
Corporation tax 21,106 19,672
Social security and other taxes 748 831
VAT 1,677 -
Other creditors - 2,908
Directors' current accounts 67,448 98,262
Accrued expenses 2,400 2,200
94,515 136,674

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 5,830 7,260

The Beach Shack Limited (Registered number: 11806265)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 7,260
Credit to Income Statement during year (1,430 )
Balance at 31 March 2023 5,830

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2022 - £4,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, R Di-Iulio and Mrs A Di-Iulio.