Registered number
03035086
BEVLYN LIMITED
Accounts
For the year ended 30 September 2023
BEVLYN LIMITED
Registered number: 03035086
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 88,015 105,323
Current assets
Stocks 19,250 18,950
Debtors 4 248,573 251,637
Cash at bank and in hand 211,305 282,512
479,128 553,099
Creditors: amounts falling due within one year 5 (434,883) (482,094)
Net current assets 44,245 71,005
Total assets less current liabilities 132,260 176,328
Creditors: amounts falling due after more than one year 6 (43,740) (85,393)
Provisions for liabilities (16,723) (20,011)
Net assets 71,797 70,924
Capital and reserves
Called up share capital 200 200
Profit and loss account 71,597 70,724
Shareholders' funds 71,797 70,924
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K M Thomas
Director
Approved by the board on 8 March 2024
BEVLYN LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the rendering of services and supplies.
Tangible fixed assets
Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives.
Motor vehicles 25% reducing balance basis
Plant and equipment 15% reducing balance basis
Office equipment 15% reducing balance basis
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated on the balance sheet as a liability.
The interest element of the obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees and Directors 2023 2022
Number Number
Average number of persons employed by the company 14 15
3 Tangible fixed assets
Office equipment Plant and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 October 2022 8,241 343,342 56,900 408,483
At 30 September 2023 8,241 343,342 56,900 408,483
Depreciation
At 1 October 2022 6,841 254,511 41,808 303,160
Charge for the year 210 13,325 3,773 17,308
At 30 September 2023 7,051 267,836 45,581 320,468
Net book value
At 30 September 2023 1,190 75,506 11,319 88,015
At 30 September 2022 1,400 88,831 15,092 105,323
4 Debtors 2023 2022
£ £
Trade debtors 235,624 239,385
Other debtors 12,949 12,252
248,573 251,637
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan 45,346 45,238
Trade creditors 50,805 34,661
Taxation and social security costs 111,979 121,535
Other creditors 226,753 280,660
434,883 482,094
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 43,740 85,393
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 89,086 130,631
The bank loan is secured by a fixed and floating charge over the assets of the company.
8 Other information
BEVLYN LIMITED is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Portway House
Stream Road
Kingswinford
West Midlands
DY6 9NT
BEVLYN LIMITED 03035086 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts October 2023 release 2 K M Thomas No description of principal activity 03035086 2021-10-01 2022-09-30 03035086 core:WithinOneYear 2022-09-30 03035086 core:AfterOneYear 2022-09-30 03035086 core:ShareCapital 2022-09-30 03035086 core:RetainedEarningsAccumulatedLosses 2022-09-30 03035086 2022-10-01 2023-09-30 03035086 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03035086 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 03035086 bus:Director40 2022-10-01 2023-09-30 03035086 core:LandBuildings 2022-10-01 2023-09-30 03035086 core:PlantMachinery 2022-10-01 2023-09-30 03035086 core:Vehicles 2022-10-01 2023-09-30 03035086 countries:England 2022-10-01 2023-09-30 03035086 bus:FRS102 2022-10-01 2023-09-30 03035086 bus:FullAccounts 2022-10-01 2023-09-30 03035086 2023-09-30 03035086 core:WithinOneYear 2023-09-30 03035086 core:AfterOneYear 2023-09-30 03035086 core:ShareCapital 2023-09-30 03035086 core:RetainedEarningsAccumulatedLosses 2023-09-30 03035086 core:LandBuildings 2023-09-30 03035086 core:PlantMachinery 2023-09-30 03035086 core:Vehicles 2023-09-30 03035086 2022-09-30 03035086 core:LandBuildings 2022-09-30 03035086 core:PlantMachinery 2022-09-30 03035086 core:Vehicles 2022-09-30 iso4217:GBP xbrli:pure