Company Registration No. 12161313 (England and Wales)
Beatties Mechanical Contractors Limited
Unaudited accounts
for the year ended 30 September 2023
Beatties Mechanical Contractors Limited
Unaudited accounts
Contents
Beatties Mechanical Contractors Limited
Company Information
for the year ended 30 September 2023
Directors
J McDonald
L G Beattie
Company Number
12161313 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Beatties Mechanical Contractors Limited
Accountants' report
Accountants' report to the board of directors of Beatties Mechanical Contractors Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Beatties Mechanical Contractors Limited for the year ended
30 September 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Beatties Mechanical Contractors Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Beatties Mechanical Contractors Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beatties Mechanical Contractors Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Beatties Mechanical Contractors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Beatties Mechanical Contractors Limited. You consider that Beatties Mechanical Contractors Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Beatties Mechanical Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
28 February 2024
Beatties Mechanical Contractors Limited
Statement of financial position
as at 30 September 2023
Tangible assets
18,915
24,823
Cash at bank and in hand
34,079
96,964
Creditors: amounts falling due within one year
(204,169)
(110,456)
Net current assets
102,969
95,574
Total assets less current liabilities
121,884
120,397
Creditors: amounts falling due after more than one year
(17,094)
(27,596)
Called up share capital
55
55
Share premium
29,955
29,955
Profit and loss account
74,780
62,791
Shareholders' funds
104,790
92,801
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
J McDonald
Director
Company Registration No. 12161313
Beatties Mechanical Contractors Limited
Notes to the Accounts
for the year ended 30 September 2023
Beatties Mechanical Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 12161313. The registered office is 203 West Street, Fareham, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
25% Reducing balance
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2022
210
27,021
-
295
27,526
At 30 September 2023
391
27,021
233
295
27,940
At 1 October 2022
87
2,443
-
173
2,703
Charge for the year
75
6,144
29
74
6,322
At 30 September 2023
162
8,587
29
247
9,025
At 30 September 2023
229
18,434
204
48
18,915
At 30 September 2022
123
24,578
-
122
24,823
Beatties Mechanical Contractors Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Trade debtors
210,910
74,635
Accrued income and prepayments
3,591
5,930
Other debtors
14,043
7,317
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,487
9,904
Trade creditors
155,510
36,733
Taxes and social security
19,486
13,661
Other creditors
6,185
1,911
Loans from directors
11,560
10,936
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
15 A of £1 each of £1 each
15
15
15 B of £1 each of £1 each
15
15
15 C of £1 each of £1 each
15
15
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Direcctor Loan Account
(312)
-
-
(312)
Direcctor Loan Account
(5,312)
-
312
(5,624)
Directors Loan Account
(5,312)
-
312
(5,624)
Beatties Mechanical Contractors Limited
Notes to the Accounts
for the year ended 30 September 2023
10
Transactions with related parties
Mr L Beattie is a director and shareholder of both Beatties Mechanical Contractors Limited and R.G. Beattie Limited.
All trade was conducted at an arms length basis.
At the year end there was a balance of £1183.89 (£1700.23 -2021) included within trade debtors and a balance of £Nil (£137.66 -2021) included within trade creditors.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).