Beckwith Design Associates Limited |
Registered Number:04838177 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Beckwith Design Associates Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Beckwith Design Associates Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,527
3,370
2
2,527
3,370
Trade and other receivables |
122,192
93,385
3
46,659
Cash and cash equivalents |
4
93,389
168,851
Trade and other payables: amounts falling due within one year |
(80,353)
(41,841)
4
88,498
51,548
Net current assets
Total assets less current liabilities |
54,075
91,868
Trade and other payables: amounts falling due after more than |
one year |
(34,881)
(24,836)
5
(447)
(600)
Provisions for liabilities |
28,792
Net assets
56,387
125
125
28,667
56,262
28,792
56,387
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 23 August 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
Beckwith Design Associates Limited
Notes to the Financial Statements
Statutory Information
Beckwith Design Associates Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04838177. |
The Studio
53 Leeds Road
Bradford
BD1 5AF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 March 2023
Beckwith Design Associates Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
25,813
25,031
782
782
25,031
25,813
Provision for depreciation and impairment |
22,443
21,661
782
Charge for year
843
843
-
23,286
22,504
782
-
2,527
2,527
-
3,370
3,370
3. Trade and other receivables |
2022
2023
53,870
120,858
39,515
1,334
122,192
93,385
4. Trade and other payables: amounts falling due within one year |
2022
2023
11,344
9,600
2,747
2,614
Taxation and social security |
25,760
63,874
1,990
4,265
41,841
80,353
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
24,836
34,881
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For the year ended 31 March 2023
Beckwith Design Associates Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees |
Loaned
Mr A Lupton
Loan
19,350
-
19,350
19,350
-
19,350
Mrs K S Lupton
Loan
19,350
-
19,350
19,350
-
19,350
7. Guarantees and other financial commitments |
At 31 March 2023 the company had annual commitments under non-cancellable operating leases as set out below: |
2022
2023
Operating leases which expire: |
3,650
-
5,028
-
3,650
5,028
8. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 6)
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