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Company Registration No. 12738354 (England and Wales)
Beloit Ltd Unaudited accounts for the year ended 31 July 2023
Beloit Ltd Unaudited accounts Contents
Page
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Beloit Ltd Company Information for the year ended 31 July 2023
Directors
Edward White Paula White
Company Number
12738354 (England and Wales)
Registered Office
1 Wood Street Royal Wootton Bassett Swindon SN4 7BB England
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Beloit Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,847 
3,086 
Current assets
Inventories
719 
1,055 
Debtors
449 
- 
Cash at bank and in hand
545 
1,789 
1,713 
2,844 
Creditors: amounts falling due within one year
(3,479)
(3,461)
Net current liabilities
(1,766)
(617)
Total assets less current liabilities
1,081 
2,469 
Creditors: amounts falling due after more than one year
(6,046)
(5,398)
Net liabilities
(4,965)
(2,929)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,065)
(3,029)
Shareholders' funds
(4,965)
(2,929)
For the year ending 31 July 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 3 April 2024 and were signed on its behalf by
Edward White Director Company Registration No. 12738354
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Beloit Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Beloit Ltd is a private company, limited by shares, registered in England and Wales, registration number 12738354. The registered office is 1 Wood Street, Royal Wootton Bassett, Swindon, SN4 7BB, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
5%
Fixtures & fittings
33%
Computer equipment
33%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
2,992 
442 
3,434 
At 31 July 2023
2,992 
442 
3,434 
Depreciation
At 1 August 2022
206 
142 
348 
Charge for the year
139 
100 
239 
At 31 July 2023
345 
242 
587 
Net book value
At 31 July 2023
2,647 
200 
2,847 
At 31 July 2022
2,786 
300 
3,086 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
449 
- 
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Beloit Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
2,179 
2,181 
Accruals
1,300 
1,280 
3,479 
3,461 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
500 
500 
Loans from directors
5,546 
4,898 
6,046 
5,398 
8
Loans to directors
Included within other creditors greater than 1 year are amounts of £142 and £5,404 (2022: £(50) and £4,948) due to Mr E White and Mrs P White, respectively. These amounts are interest free and have no set terms of repayment.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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