Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-31true2022-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsemanufacturing of precast building materials34true 10216412 2022-06-01 2023-05-31 10216412 2021-06-01 2022-05-31 10216412 2023-05-31 10216412 2022-05-31 10216412 1 2022-06-01 2023-05-31 10216412 d:CompanySecretary1 2022-06-01 2023-05-31 10216412 d:Director1 2022-06-01 2023-05-31 10216412 d:Director2 2022-06-01 2023-05-31 10216412 d:RegisteredOffice 2022-06-01 2023-05-31 10216412 d:Agent1 2022-06-01 2023-05-31 10216412 c:CurrentFinancialInstruments 2023-05-31 10216412 c:CurrentFinancialInstruments 2022-05-31 10216412 c:CurrentFinancialInstruments c:WithinOneYear 2023-05-31 10216412 c:CurrentFinancialInstruments c:WithinOneYear 2022-05-31 10216412 c:ShareCapital 2023-05-31 10216412 c:ShareCapital 2022-05-31 10216412 c:RetainedEarningsAccumulatedLosses 2023-05-31 10216412 c:RetainedEarningsAccumulatedLosses 2022-05-31 10216412 d:FRS102 2022-06-01 2023-05-31 10216412 d:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10216412 d:FullAccounts 2022-06-01 2023-05-31 10216412 d:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure



Company Registration No. 10216412 (England and Wales)







BEDFORD PRECAST LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
BEDFORD PRECAST LIMITED
 
 
COMPANY INFORMATION


Directors
M L Masterson 
C M Mitchell 




Company secretary
B J Courtney



Registered number
10216412



Registered office
Mitchellson House
Horton Trading Estate

Stanwell Road

Horton

Slough

SL3 9PF




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE




Bankers
Santander UK Plc
First floor

Santander house

100 Ludgate Hill

London

EC4M 7RE





 
BEDFORD PRECAST LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
BEDFORD PRECAST LIMITED
REGISTERED NUMBER:10216412

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
25,447
113,493

Debtors
 4 
418,866
310,062

Cash at bank and in hand
  
5,655
6,830

  
449,968
430,385

Creditors: amounts falling due within one year
 5 
(442,970)
(379,096)

Net current assets
  
 
 
6,998
 
 
51,289

Total assets less current liabilities
  
6,998
51,289

  

Net assets
  
6,998
51,289


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
6,798
51,089

  
6,998
51,289


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2024.



___________________________
M L Masterson
___________________________
C M Mitchell
Director
Director

Page 1

 
BEDFORD PRECAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Bedford Precast Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mitchellson House, Stanwell Road, Horton, Slough, Berkshire, SL3 9PF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
BEDFORD PRECAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 4).


4.


Debtors

2023
2022
£
£


Trade debtors
-
15,000

Amounts owed by related undertakings
413,904
290,100

Other debtors
4,962
4,962

418,866
310,062


Amounts owed by related undertakings are unsecured, interest free and payable on demand.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,839
4,114

Amounts owed to related undertakings
416,582
353,906

Other taxation and social security
18,414
13,890

Other creditors
-
552

Accruals
3,135
6,634

442,970
379,096


Amouts owed to related undertakings are unsecured, interest free and repayable on demand.


6.


Pension commitments

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £1,988 (2022 - £2,969). Contributions totalling £135 (2022 - £226) were payable to the fund at the balance sheet date and are included in creditors.

Page 3

 
BEDFORD PRECAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Related party transactions

The company is related to Mitchellson Framework & Civil Engineering Limited and Mitchellson Plant Hire Limited by virtue of being under common control of C M Mitchell and M L Masterson.
During the year the company entered into the following transactions with related parties:
Hire of plant and equipment £10,315 (2022: £9,349).
Sale of construction materials £276,504 (2022: £506,642).


8.


Post balance sheet events

There were no events since the year end which materially affected the company.


9.


Controlling party

By virtue of their shareholdings M L Masterson and C M Mitchell are the ultimate controllers of the company.

 
Page 4