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REGISTERED NUMBER: 05760282 (England and Wales)















Beccles Gas Limited

Unaudited Financial Statements

for the year ended

31 July 2023






Beccles Gas Limited (Registered number: 05760282)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6

Accountants' Report 7

Beccles Gas Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: C Wilson
P Wilson





REGISTERED OFFICE: Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY





BUSINESS ADDRESS: Willow Farm
Top Road
Ilketshall St Andrew
Beccles
Suffolk
NR34 8NN





REGISTERED NUMBER: 05760282 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Beccles Gas Limited (Registered number: 05760282)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 110,919 94,276

CURRENT ASSETS
Stocks 3,454 5,775
Debtors 5 257,349 351,798
Cash at bank 21,630 11,910
282,433 369,483
CREDITORS
Amounts falling due within one year 6 (225,434 ) (225,175 )
NET CURRENT ASSETS 56,999 144,308
TOTAL ASSETS LESS CURRENT LIABILITIES 167,918 238,584

CREDITORS
Amounts falling due after more than one year 7 (144,761 ) (148,000 )

PROVISIONS FOR LIABILITIES (21,426 ) (16,359 )
NET ASSETS 1,731 74,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,631 74,125
SHAREHOLDERS' FUNDS 1,731 74,225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





C Wilson - Director


Beccles Gas Limited (Registered number: 05760282)

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


1. STATUTORY INFORMATION

Beccles Gas 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.

The financial statements have been prepared on a going concern basis on the understanding that the company will continue to receive the financial support of the directors.

The company meets its day-to-day working capital requirements through the provision of an overdraft facility, invoice factoring and support from the directors.

The financial statements do not include any adjustments that would result from a withdrawal of support from its directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Not depreciated
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Beccles Gas Limited (Registered number: 05760282)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2022 1,850 22,874 264,654 289,378
Additions - - 78,504 78,504
Disposals - - (224,645 ) (224,645 )
At 31 July 2023 1,850 22,874 118,513 143,237
DEPRECIATION
At 1 August 2022 - 14,324 180,778 195,102
Charge for year - 1,283 12,127 13,410
Eliminated on disposal - - (176,194 ) (176,194 )
At 31 July 2023 - 15,607 16,711 32,318
NET BOOK VALUE
At 31 July 2023 1,850 7,267 101,802 110,919
At 31 July 2022 1,850 8,550 83,876 94,276

The net book value of tangible fixed assets includes £101,091 (2022: 82,929) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £11,891 (2022: £16,884) for the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,622 42,938
Other debtors 218,727 308,860
257,349 351,798

Beccles Gas Limited (Registered number: 05760282)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 36,020 44,617
Hire purchase contracts 25,874 23,627
Trade creditors 3,065 5,228
Taxation and social security 85,173 80,829
Other creditors 75,302 70,874
225,434 225,175

The bank overdraft and loan are secured by a fixed and floating charge dated 17 May 2006, over all of the company's assets.

Mr C and Mrs R Wilson have also offered personal guarantees to the bank in respect of these borrowings.

All hire purchase liabilities stated in the accounts are secured on the assets to which they relate.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 67,659 88,266
Hire purchase contracts 77,102 59,734
144,761 148,000

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans & overdraft 36,020 44,617

Amounts falling due between one and two years:
Bank loans - 1-2 years 40,149 45,016

Amounts falling due between two and five years:
Bank loans - 2-5 years 27,510 43,250

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
C Wilson
Balance outstanding at start of year 145,568 131,135
Amounts advanced 41,569 50,484
Amounts repaid (84,858 ) (36,051 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 102,279 145,568

Beccles Gas Limited (Registered number: 05760282)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P Wilson
Balance outstanding at start of year 95,096 56,404
Amounts advanced 12,254 38,692
Amounts repaid (59,100 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,250 95,096

This includes a interest charge calculated at 2.5% throughout the year. There are no fixed repayment terms.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Beccles Gas Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beccles Gas Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Beccles Gas Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Beccles Gas Limited and state those matters that we have agreed to state to the Board of Directors of Beccles Gas Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beccles Gas Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Beccles Gas Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beccles Gas Limited. You consider that Beccles Gas 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 financial statements of Beccles Gas 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 financial statements.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


2 April 2024