Beaver Sports (Yorkshire) Limited 01376011 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of the sale of water sports equipment. Digita Accounts Production Advanced 6.30.9574.0 true true 01376011 2023-01-01 2023-12-31 01376011 2023-12-31 01376011 bus:OrdinaryShareClass1 2023-12-31 01376011 core:CurrentFinancialInstruments 2023-12-31 01376011 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01376011 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 01376011 core:MotorVehicles 2023-12-31 01376011 core:PlantMachinery 2023-12-31 01376011 bus:SmallEntities 2023-01-01 2023-12-31 01376011 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01376011 bus:FullAccounts 2023-01-01 2023-12-31 01376011 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01376011 bus:RegisteredOffice 2023-01-01 2023-12-31 01376011 bus:Director2 2023-01-01 2023-12-31 01376011 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01376011 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01376011 core:Buildings 2023-01-01 2023-12-31 01376011 core:LandBuildings core:LongLeaseholdAssets 2023-01-01 2023-12-31 01376011 core:MotorVehicles 2023-01-01 2023-12-31 01376011 core:PlantMachinery 2023-01-01 2023-12-31 01376011 countries:EnglandWales 2023-01-01 2023-12-31 01376011 2022-12-31 01376011 core:LandBuildings core:LongLeaseholdAssets 2022-12-31 01376011 core:MotorVehicles 2022-12-31 01376011 core:PlantMachinery 2022-12-31 01376011 2022-01-01 2022-12-31 01376011 2022-12-31 01376011 bus:OrdinaryShareClass1 2022-12-31 01376011 core:CurrentFinancialInstruments 2022-12-31 01376011 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01376011 core:LandBuildings core:LongLeaseholdAssets 2022-12-31 01376011 core:MotorVehicles 2022-12-31 01376011 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01376011

Beaver Sports (Yorkshire) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Beaver Sports (Yorkshire) Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Beaver Sports (Yorkshire) Limited

Company Information





 

Director




 

PM Walker

Registered office





 

4 Herbert Brown Ind. Park
50/52 Whiteley Street
Milnsbridge
Huddersfield
West Yorkshire
HD3 4LT

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Beaver Sports (Yorkshire) Limited

Director's Report
for the Year Ended 31 December 2023

The director presents his report and the financial statements for the year ended 31 December 2023.

Director of the company

The director who held office during the year was as follows:

PM Walker

Principal activity

The principal activity of the company is that of the sale of water sports equipment.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 5 March 2024
 

.........................................
PM Walker
Director

 

Beaver Sports (Yorkshire) Limited

(Registration number: 01376011 )
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

8,714

885,907

Current assets

 

Stocks

5

287,582

375,197

Debtors

6

2,069,218

2,071,198

Cash at bank and in hand

 

1,658,920

315,477

 

4,015,720

2,761,872

Creditors: Amounts falling due within one year

7

(78,933)

(88,502)

Net current assets

 

3,936,787

2,673,370

Total assets less current liabilities

 

3,945,501

3,559,277

Provisions for liabilities

(1,656)

(1,376)

Net assets

 

3,943,845

3,557,901

Capital and reserves

 

Called up share capital

8

90

90

Other reserves

10

10

Retained earnings

3,943,745

3,557,801

Shareholders' funds

 

3,943,845

3,557,901

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 March 2024
 

 

Beaver Sports (Yorkshire) Limited

(Registration number: 01376011 )
Balance Sheet as at 31 December 2023

.........................................
PM Walker
Director

 

Beaver Sports (Yorkshire) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
4 Herbert Brown Ind. Park
50/52 Whiteley Street
Milnsbridge
Huddersfield
West Yorkshire
HD3 4LT
England

These financial statements were authorised for issue by the director on 5 March 2024.

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.

Turnover

Turnover represents net sales of goods and services excluding value added tax

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Beaver Sports (Yorkshire) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

2% on cost

Motor vehicles

25% on reducing balance

Plant and equipment

25% on reducing balance

Stocks

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

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 the director) during the year, was 3 (2022 - 3).

 

Beaver Sports (Yorkshire) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

4

Tangible assets

Leasehold property
£

Plant and equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

1,376,095

461,198

47,672

1,884,965

Additions

-

4,375

-

4,375

Disposals

(1,376,095)

-

-

(1,376,095)

At 31 December 2023

-

465,573

47,672

513,245

Depreciation

At 1 January 2023

497,432

454,552

47,074

999,058

Charge for the year

-

2,755

150

2,905

Eliminated on disposal

(497,432)

-

-

(497,432)

At 31 December 2023

-

457,307

47,224

504,531

Carrying amount

At 31 December 2023

-

8,266

448

8,714

At 31 December 2022

878,663

6,646

598

885,907

Included within the net book value of land and buildings above is £Nil (2022 - £878,663) in respect of long leasehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

287,582

375,197

 

Beaver Sports (Yorkshire) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

33,131

35,161

Amounts owed by related parties

9

2,035,797

2,035,797

Other debtors

 

290

240

   

2,069,218

2,071,198

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

7,518

1,270

Taxation and social security

27,565

35,780

Accruals and deferred income

43,850

51,452

78,933

88,502

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

90

90

90

90

         

9

Related party transactions

Debtors includes £2,035,797 (2022 £2,035,797) owed by BSL Estates Limited, a company under common ownership.