Company registration number 04128108 (England and Wales)
BESWICK RELOCATION SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
BESWICK RELOCATION SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BESWICK RELOCATION SERVICES LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
513
2,510
Tangible assets
4
26,415
36,083
26,928
38,593
Current assets
Debtors
5
569,609
624,592
Investments
6
149,242
141,529
Cash at bank and in hand
517,612
570,354
1,236,463
1,336,475
Creditors: amounts falling due within one year
7
(98,768)
(177,896)
Net current assets
1,137,695
1,158,579
Total assets less current liabilities
1,164,623
1,197,172
Provisions for liabilities
(3,182)
(5,319)
Net assets
1,161,441
1,191,853
Capital and reserves
Called up share capital
5,000
5,000
Revaluation reserve
41,340
35,208
Profit and loss reserves
1,115,101
1,151,645
Total equity
1,161,441
1,191,853

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

BESWICK RELOCATION SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 12 March 2024
Mr O J Beswick
Director
Company Registration No. 04128108
BESWICK RELOCATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Beswick Relocation Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Church House, Parkway, Holmes Chapel, Crewe, CW4 7BA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales taxes. Income is recognised upon delivery of the relevant service.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
4 years straight line from the first date brought into full use
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% straight line and 15% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

BESWICK RELOCATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

BESWICK RELOCATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
BESWICK RELOCATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
3
Intangible fixed assets
Software
£
Cost
At 1 July 2022 and 30 June 2023
46,765
Amortisation and impairment
At 1 July 2022
44,255
Amortisation charged for the year
1,997
At 30 June 2023
46,252
Carrying amount
At 30 June 2023
513
At 30 June 2022
2,510
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022
62,374
Additions
607
Disposals
(18,876)
At 30 June 2023
44,105
Depreciation and impairment
At 1 July 2022
26,291
Depreciation charged in the year
10,128
Eliminated in respect of disposals
(18,729)
At 30 June 2023
17,690
Carrying amount
At 30 June 2023
26,415
At 30 June 2022
36,083
BESWICK RELOCATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 7 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
103,239
154,711
Other debtors
466,370
469,881
569,609
624,592
6
Current asset investments
2023
2022
£
£
Investments
149,242
141,529

 

7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
15,284
49,999
Taxation and social security
33,409
35,418
Other creditors
50,075
92,479
98,768
177,896
8
Operating lease commitments
Lessee
2023
2022
£
£
-
0
-
0
9
Directors' transactions

At the balance sheet date the company had provided the director with an advance of £172,833, with the largest advance throughout the period being £174,137.

 

The company had also granted an advance of the same balance to a further member of Key Management Personnel at the same date. Their largest advance during the period was also £174,137.

 

Both advances are repayable on demand and the company levied interest at the HMRC approved rate on each balance.

2023-06-302022-07-01false12 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr O J BeswickMrs S A Beswickfalse041281082022-07-012023-06-30041281082023-06-30041281082022-06-3004128108core:IntangibleAssetsOtherThanGoodwill2023-06-3004128108core:IntangibleAssetsOtherThanGoodwill2022-06-3004128108core:OtherPropertyPlantEquipment2023-06-3004128108core:OtherPropertyPlantEquipment2022-06-3004128108core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3004128108core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3004128108core:CurrentFinancialInstruments2023-06-3004128108core:CurrentFinancialInstruments2022-06-3004128108core:ShareCapital2023-06-3004128108core:ShareCapital2022-06-3004128108core:RevaluationReserve2023-06-3004128108core:RevaluationReserve2022-06-3004128108core:RetainedEarningsAccumulatedLosses2023-06-3004128108core:RetainedEarningsAccumulatedLosses2022-06-3004128108bus:Director12022-07-012023-06-3004128108core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3004128108core:ComputerSoftware2022-07-012023-06-3004128108core:FurnitureFittings2022-07-012023-06-3004128108core:ComputerEquipment2022-07-012023-06-3004128108core:MotorVehicles2022-07-012023-06-30041281082021-07-012022-06-3004128108core:IntangibleAssetsOtherThanGoodwill2022-06-3004128108core:OtherPropertyPlantEquipment2022-06-3004128108core:OtherPropertyPlantEquipment2022-07-012023-06-3004128108core:WithinOneYear2023-06-3004128108core:WithinOneYear2022-06-3004128108bus:PrivateLimitedCompanyLtd2022-07-012023-06-3004128108bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004128108bus:FRS1022022-07-012023-06-3004128108bus:AuditExemptWithAccountantsReport2022-07-012023-06-3004128108bus:CompanySecretary12022-07-012023-06-3004128108bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP