IRIS Accounts Production v23.3.0.418 02986321 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029863212022-11-30029863212023-11-30029863212022-12-012023-11-30029863212021-11-30029863212021-12-012022-11-30029863212022-11-3002986321ns16:EnglandWales2022-12-012023-11-3002986321ns15:PoundSterling2022-12-012023-11-3002986321ns11:Director12022-12-012023-11-3002986321ns11:PrivateLimitedCompanyLtd2022-12-012023-11-3002986321ns11:SmallEntities2022-12-012023-11-3002986321ns11:AuditExempt-NoAccountantsReport2022-12-012023-11-3002986321ns11:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002986321ns11:SmallCompaniesRegimeForAccounts2022-12-012023-11-3002986321ns11:FullAccounts2022-12-012023-11-3002986321ns11:OrdinaryShareClass12022-12-012023-11-3002986321ns11:Director22022-12-012023-11-3002986321ns11:Director32022-12-012023-11-3002986321ns11:Director42022-12-012023-11-3002986321ns11:CompanySecretary12022-12-012023-11-3002986321ns11:RegisteredOffice2022-12-012023-11-3002986321ns6:CurrentFinancialInstruments2023-11-3002986321ns6:CurrentFinancialInstruments2022-11-3002986321ns6:Non-currentFinancialInstruments2023-11-3002986321ns6:Non-currentFinancialInstruments2022-11-3002986321ns6:ShareCapital2023-11-3002986321ns6:ShareCapital2022-11-3002986321ns6:RetainedEarningsAccumulatedLosses2023-11-3002986321ns6:RetainedEarningsAccumulatedLosses2022-11-3002986321ns6:LeaseholdImprovements2022-12-012023-11-3002986321ns6:PlantMachinery2022-12-012023-11-3002986321ns6:FurnitureFittings2022-12-012023-11-3002986321ns6:MotorVehicles2022-12-012023-11-3002986321ns6:LeaseholdImprovements2022-11-3002986321ns6:ComputerEquipment2022-11-3002986321ns6:FurnitureFittings2022-11-3002986321ns6:MotorVehicles2022-11-3002986321ns6:ComputerEquipment2022-12-012023-11-3002986321ns6:LeaseholdImprovements2023-11-3002986321ns6:ComputerEquipment2023-11-3002986321ns6:FurnitureFittings2023-11-3002986321ns6:MotorVehicles2023-11-3002986321ns6:LeaseholdImprovements2022-11-3002986321ns6:ComputerEquipment2022-11-3002986321ns6:FurnitureFittings2022-11-3002986321ns6:MotorVehicles2022-11-3002986321ns6:WithinOneYearns6:CurrentFinancialInstruments2023-11-3002986321ns6:WithinOneYearns6:CurrentFinancialInstruments2022-11-3002986321ns6:WithinOneYear2023-11-3002986321ns6:WithinOneYear2022-11-3002986321ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-11-3002986321ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-11-3002986321ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-11-3002986321ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-11-3002986321ns6:Secured2023-11-3002986321ns6:Secured2022-11-3002986321ns11:OrdinaryShareClass12023-11-30029863212ns11:Director22022-11-30029863212ns11:Director22021-11-30029863212ns11:Director22022-12-012023-11-30029863212ns11:Director22021-12-012022-11-30029863212ns11:Director22023-11-30029863212ns11:Director22022-11-3002986321ns11:Director112022-11-3002986321ns11:Director112021-11-3002986321ns11:Director112022-12-012023-11-3002986321ns11:Director112021-12-012022-11-3002986321ns11:Director112023-11-3002986321ns11:Director112022-11-3002986321ns11:Director442022-11-3002986321ns11:Director442021-11-3002986321ns11:Director442022-12-012023-11-3002986321ns11:Director442021-12-012022-11-3002986321ns11:Director442023-11-3002986321ns11:Director442022-11-30
REGISTERED NUMBER: 02986321 (England and Wales)






BEACON TRADE & TOOL HIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






BEACON TRADE & TOOL HIRE LIMITED (REGISTERED NUMBER: 02986321)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEACON TRADE & TOOL HIRE LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: N H Suckling
P Bacciochi
Mrs J A Kennedy
Mrs L K Allard





SECRETARY: Mrs J A Kennedy





REGISTERED OFFICE: Computer House
Rood End Road
Oldbury
West Midlands
B68 8SF





REGISTERED NUMBER: 02986321 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

BEACON TRADE & TOOL HIRE LIMITED (REGISTERED NUMBER: 02986321)

BALANCE SHEET
30 November 2023

30/11/23 30/11/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 174 3,790

CURRENT ASSETS
Stocks 73,431 72,590
Debtors 5 218,521 97,752
Cash at bank 37,296 66,104
329,248 236,446
CREDITORS
Amounts falling due within one year 6 (256,563 ) (166,739 )
NET CURRENT ASSETS 72,685 69,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,859

73,497

CREDITORS
Amounts falling due after more than one
year

7

(17,365

)

(27,442

)
NET ASSETS 55,494 46,055

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 54,494 45,055
SHAREHOLDERS' FUNDS 55,494 46,055

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

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

BEACON TRADE & TOOL HIRE LIMITED (REGISTERED NUMBER: 02986321)

BALANCE SHEET - continued
30 November 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 12 February 2024 and were signed on its behalf by:





P Bacciochi - Director


BEACON TRADE & TOOL HIRE LIMITED (REGISTERED NUMBER: 02986321)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Beacon Trade & Tool Hire 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 and other income
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost and 5% on cost
Computer equipment - 33% on cost and 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


BEACON TRADE & TOOL HIRE LIMITED (REGISTERED NUMBER: 02986321)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 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.

Pension costs and other post-retirement benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a work place pension defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Computer and Motor
property equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 13,149 31,439 26,056 4,744 75,388
Disposals - - - (4,744 ) (4,744 )
At 30 November 2023 13,149 31,439 26,056 - 70,644
DEPRECIATION
At 1 December 2022 13,149 31,439 25,824 1,186 71,598
Charge for year - - 58 444 502
Eliminated on disposal - - - (1,630 ) (1,630 )
At 30 November 2023 13,149 31,439 25,882 - 70,470
NET BOOK VALUE
At 30 November 2023 - - 174 - 174
At 30 November 2022 - - 232 3,558 3,790

BEACON TRADE & TOOL HIRE LIMITED (REGISTERED NUMBER: 02986321)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 204,389 82,433
Prepayments and accrued income 14,132 15,319
218,521 97,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 10,077 10,601
Trade creditors 189,552 113,187
Corporation tax payable 86 5
Social security & other taxes 4,473 4,523
VAT 18,013 6,979
Other creditors 4,501 2,448
Wages control 5,575 -
Directors' loan accounts 727 727
Accrued expenses 23,559 28,269
256,563 166,739

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans - 1-2 years 10,332 10,077
Bank loans - 2-5 years 7,033 17,365
17,365 27,442

8. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Bank overdraft - 772
Bank loans 27,442 37,271
27,442 38,043

The bank overdraft is secured by way of a personal guarantee from the directors.

The UK Government has provided a guarantee for the bounce back loan should the company default on repayment.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

BEACON TRADE & TOOL HIRE LIMITED (REGISTERED NUMBER: 02986321)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30/11/23 30/11/22
£    £   
N H Suckling
Balance outstanding at start of year - -
Amounts advanced 422 -
Amounts repaid (422 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

P Bacciochi
Balance outstanding at start of year (727 ) (727 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (727 ) (727 )

Mrs L K Allard
Balance outstanding at start of year - -
Amounts advanced - 975
Amounts repaid - (975 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest is charged on loans from directors. Amounts are repayable on demand.