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REGISTERED NUMBER: 06905171 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

BEECROFT ESTATES LIMITED

BEECROFT ESTATES LIMITED (REGISTERED NUMBER: 06905171)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEECROFT ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: Mrs J Beecroft





REGISTERED OFFICE: 6-8 Park Street
Wombwell
Barnsley
South Yorkshire
S73 0DJ





REGISTERED NUMBER: 06905171 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

BEECROFT ESTATES LIMITED (REGISTERED NUMBER: 06905171)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 78,733 58,333
Tangible assets 5 49,215 60,196
127,948 118,529

CURRENT ASSETS
Debtors 6 785,947 780,463
Cash at bank and in hand 50,018 74,164
835,965 854,627
CREDITORS
Amounts falling due within one year 7 176,068 217,626
NET CURRENT ASSETS 659,897 637,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,845

755,530

PROVISIONS FOR LIABILITIES 8 8,369 8,095
NET ASSETS 779,476 747,435

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 779,475 747,434
SHAREHOLDERS' FUNDS 779,476 747,435

BEECROFT ESTATES LIMITED (REGISTERED NUMBER: 06905171)

BALANCE SHEET - continued
30TH JUNE 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th February 2024 and were signed by:





Mrs J Beecroft - Director


BEECROFT ESTATES LIMITED (REGISTERED NUMBER: 06905171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Beecroft Estates 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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.

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.

BEECROFT ESTATES LIMITED (REGISTERED NUMBER: 06905171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022 568,600
Additions 110,800
At 30th June 2023 679,400
AMORTISATION
At 1st July 2022 510,267
Amortisation for year 90,400
At 30th June 2023 600,667
NET BOOK VALUE
At 30th June 2023 78,733
At 30th June 2022 58,333

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2022 15,353 9,442 59,971 51,763 136,529
Additions - 1,350 - 7,346 8,696
At 30th June 2023 15,353 10,792 59,971 59,109 145,225
DEPRECIATION
At 1st July 2022 8,444 4,615 28,337 34,937 76,333
Charge for year 1,535 774 7,148 10,220 19,677
At 30th June 2023 9,979 5,389 35,485 45,157 96,010
NET BOOK VALUE
At 30th June 2023 5,374 5,403 24,486 13,952 49,215
At 30th June 2022 6,909 4,827 31,634 16,826 60,196

BEECROFT ESTATES LIMITED (REGISTERED NUMBER: 06905171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 131,924 100,781
Other debtors 482,151 529,951
Directors' current accounts 141,448 117,778
Tax 10,048 7,478
Accrued income 13,750 13,750
Prepayments 6,626 10,725
785,947 780,463

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,664 15,856
Tax 63,963 94,966
Social security and other taxes 10,331 9,446
VAT 55,182 48,898
Other creditors 2,204 22,152
Accrued expenses 31,724 26,308
176,068 217,626

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,369 8,095

Deferred
tax
£   
Balance at 1st July 2022 8,095
Movement in the year 274
Balance at 30th June 2023 8,369

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

BEECROFT ESTATES LIMITED (REGISTERED NUMBER: 06905171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

2023 2022
£    £   
Mrs J Beecroft
Balance outstanding at start of year 117,778 27,313
Amounts advanced 144,550 94,000
Amounts repaid (120,880 ) (3,535 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141,448 117,778

11. RELATED PARTY DISCLOSURES

As at 30th June 2023 the company was owed £481,151 by Finmil Ltd, a company owned by the director, via inter company lending (2022: £524,951).

12. ULTIMATE CONTROLLING PARTY

Mrs J Beecroft, director, controls the company by virtue of holding 100% of the issued share capital.