Company registration number 13798185 (England and Wales)
STRETTON BEESTON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2022
PAGES FOR FILING WITH REGISTRAR
STRETTON BEESTON LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
STRETTON BEESTON LIMITED
BALANCE SHEET
AS AT
31 MAY 2022
31 May 2022
- 1 -
2022
Notes
£
£
Current assets
Stocks
1,171,483
Debtors
3
35,199
1,206,682
Creditors: amounts falling due within one year
4
(1,232,684)
Net current liabilities
(26,002)
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
(26,102)
Total equity
(26,002)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 September 2023 and are signed on its behalf by:
Mr E C Chantler
Director
Company Registration No. 13798185
STRETTON BEESTON LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2022
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 13 December 2021
-
0
-
0
-
Period ended 31 May 2022:
Loss and total comprehensive income for the period
-
(26,102)
(26,102)
Issue of share capital
5
100
-
100
Balance at 31 May 2022
100
(26,102)
(26,002)
STRETTON BEESTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2022
- 3 -
1
Accounting policies
Company information

Stretton Beeston Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Alvaston Business Park, Middlewich Road, Nantwich, CW5 6PF. The principal place of business is 4th Floor, Steam Mill Business Centre, Steam Mill Street, Chester, Cheshire, CH3 5AN.

1.1
Reporting period

The company's first period runs from the date of incorporation 13 December 2021 to 31 May 2022.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The company meets its day to day working capital requirements through funding by entities controlled by the directors, and for this reason the directors have prepared the accounts on the going concern basis.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

STRETTON BEESTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2022
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2022
Number
Total
3
3
Debtors
2022
Amounts falling due within one year:
£
Unpaid share capital
100
Other debtors
28,688
Prepayments and accrued income
288
29,076
Deferred tax asset
6,123
35,199
4
Creditors: amounts falling due within one year
2022
£
Other borrowings
1,195,394
Trade creditors
26,640
Other creditors
529
Accruals and deferred income
10,121
1,232,684
STRETTON BEESTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2022
- 5 -
5
Called up share capital
2022
2022
Ordinary share capital
Number
£
Issued and not fully paid
Ordinary A shares of £1 each
51
51
Ordinary B shares of £1 each
9
9
Ordinary C shares of £1 each
40
40
100
100
6
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

Admin costs
Interest payable
2022
2022
£
£
Entities controlled by the directors
2,871
21,863
2022
Amounts due to related parties
£
Entities controlled by the directors
1,195,394
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