IRIS Accounts Production v23.4.0.336 01806766 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018067662022-05-31018067662023-05-31018067662022-06-012023-05-31018067662021-05-31018067662021-06-012022-05-31018067662022-05-3101806766ns15:EnglandWales2022-06-012023-05-3101806766ns14:PoundSterling2022-06-012023-05-3101806766ns10:Director12022-06-012023-05-3101806766ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3101806766ns10:SmallEntities2022-06-012023-05-3101806766ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3101806766ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3101806766ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3101806766ns10:FullAccounts2022-06-012023-05-3101806766ns10:OrdinaryShareClass12022-06-012023-05-3101806766ns10:Director22022-06-012023-05-3101806766ns10:RegisteredOffice2022-06-012023-05-3101806766ns5:CurrentFinancialInstruments2023-05-3101806766ns5:CurrentFinancialInstruments2022-05-3101806766ns5:Non-currentFinancialInstruments2023-05-3101806766ns5:Non-currentFinancialInstruments2022-05-3101806766ns5:ShareCapital2023-05-3101806766ns5:ShareCapital2022-05-3101806766ns5:RetainedEarningsAccumulatedLosses2023-05-3101806766ns5:RetainedEarningsAccumulatedLosses2022-05-3101806766ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3101806766ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3101806766ns5:Secured2023-05-3101806766ns5:Secured2022-05-3101806766ns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 01806766 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 May 2023

for

BECONFIELD MERCHANTS LIMITED

BECONFIELD MERCHANTS LIMITED (REGISTERED NUMBER: 01806766)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BECONFIELD MERCHANTS LIMITED

Company Information
for the year ended 31 May 2023







DIRECTORS: D W Field
T G Stickland





REGISTERED OFFICE: c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ





REGISTERED NUMBER: 01806766 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

BECONFIELD MERCHANTS LIMITED (REGISTERED NUMBER: 01806766)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 934,440 934,440

CURRENT ASSETS
Debtors 5 46,208 531,911
Cash at bank 637,328 510,316
683,536 1,042,227
CREDITORS
Amounts falling due within one year 6 160,208 145,433
NET CURRENT ASSETS 523,328 896,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,457,768

1,831,234

CREDITORS
Amounts falling due after more than one year 7 81,359 245,372
NET ASSETS 1,376,409 1,585,862

CAPITAL AND RESERVES
Called up share capital 9 70,000 70,000
Retained earnings 1,306,409 1,515,862
SHAREHOLDERS' FUNDS 1,376,409 1,585,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





D W Field - Director


BECONFIELD MERCHANTS LIMITED (REGISTERED NUMBER: 01806766)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Beconfield Merchants 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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.

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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 934,440
NET BOOK VALUE
At 31 May 2023 934,440
At 31 May 2022 934,440

BECONFIELD MERCHANTS LIMITED (REGISTERED NUMBER: 01806766)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 456 -
Amounts owed by group undertakings - 530,000
Other debtors 45,752 1,911
46,208 531,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,483 53,220
Trade creditors - 1,800
Taxation and social security 2,709 80,703
Other creditors 152,016 9,710
160,208 145,433

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 81,359 245,372

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 86,842 298,592

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
70,000 Ordinary £1 70,000 70,000

10. RELATED PARTY DISCLOSURES

During the year, no management fees were received from Dougfield Plumbers Supplies Limited, a company under common control (2022: £425,000).

During the year, management fees were paid to Shadwell Consultancy Limited, a company controlled by T Stickland, amounting to £6,000 (2022: £6,250).

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.