Beer Associates (Contracts) Limited 10614506 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is development of building projects Digita Accounts Production Advanced 6.30.9574.0 true true 10614506 2022-03-01 2023-02-28 10614506 2023-02-28 10614506 bus:Director1 1 2023-02-28 10614506 bus:OrdinaryShareClass1 2023-02-28 10614506 bus:Original 2023-02-28 10614506 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10614506 bus:SmallEntities 2022-03-01 2023-02-28 10614506 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10614506 bus:FullAccounts 2022-03-01 2023-02-28 10614506 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 10614506 bus:RegisteredOffice 2022-03-01 2023-02-28 10614506 bus:Director1 2022-03-01 2023-02-28 10614506 bus:Director1 1 2022-03-01 2023-02-28 10614506 bus:Director2 2022-03-01 2023-02-28 10614506 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 10614506 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10614506 bus:Agent1 2022-03-01 2023-02-28 10614506 core:OtherRelatedParties 2022-03-01 2023-02-28 10614506 countries:England 2022-03-01 2023-02-28 10614506 bus:Director1 1 2022-02-28 10614506 2021-03-01 2022-02-28 10614506 2022-02-28 10614506 bus:Director1 1 2022-02-28 10614506 bus:OrdinaryShareClass1 2022-02-28 10614506 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 10614506 bus:Director1 1 2021-03-01 2022-02-28 10614506 bus:Director1 1 2021-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10614506

Beer Associates (Contracts) Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Beer Associates (Contracts) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Beer Associates (Contracts) Limited

Company Information

Directors

Mr A T Beer

Mrs S A Beer

Registered office

Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

Accountants

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Beer Associates (Contracts) Limited
for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Beer Associates (Contracts) Limited for the year ended 28 February 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Beer Associates (Contracts) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Beer Associates (Contracts) Limited and state those matters that we have agreed to state to the Board of Directors of Beer Associates (Contracts) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beer Associates (Contracts) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Beer Associates (Contracts) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Beer Associates (Contracts) Limited. You consider that Beer Associates (Contracts) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Beer Associates (Contracts) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

29 November 2023

 

Beer Associates (Contracts) Limited

(Registration number: 10614506)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

59,000

29,000

Cash at bank and in hand

 

905

2,994

 

59,905

31,994

Creditors: Amounts falling due within one year

6

(162,577)

(129,968)

Net liabilities

 

(102,672)

(97,974)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(102,772)

(98,074)

Shareholders' deficit

 

(102,672)

(97,974)

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2023 and signed on its behalf by:
 

.........................................
Mr A T Beer
Director

 

Beer Associates (Contracts) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY
United Kingdom

These financial statements were authorised for issue by the Board on 29 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Beer Associates (Contracts) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2022 - 8).

4

Stocks

2023
£

2022
£

Work in progress

37,000

24,000

Other inventories

22,000

5,000

59,000

29,000

5

Debtors

Current

2023
£

2022
£

 

-

-

 

Beer Associates (Contracts) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,471

4,200

Taxation and social security

114,839

69,477

Accruals and deferred income

3,500

3,500

Other creditors

40,767

52,791

162,577

129,968

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

         

8

Related party transactions

Transactions with directors

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Mr A T Beer

Amounts owed to/(from) directors

26,986

(34,888)

31,267

23,364

         
       

 

2022

At 1 March 2021
£

Advances to director
£

Repayments by director
£

At 28 February 2022
£

Mr A T Beer

Amounts owed to/(from) directors

21,463

(23,429)

28,952

26,986

         
       

 

Summary of transactions with other related parties

D K Beer Contracts Limited
 Andrew Beer is also a shareholder and director