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REGISTERED NUMBER: 05359537 (England and Wales)















BEC Navigation Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






BEC Navigation Limited (Registered number: 05359537)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


BEC Navigation Limited (Registered number: 05359537)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 43

CURRENT ASSETS
Stocks 3,000 2,000
Debtors 5 299 555
Cash at bank 476 1,287
3,775 3,842
CREDITORS
Amounts falling due within one year 6 4,809 2,557
NET CURRENT (LIABILITIES)/ASSETS (1,034 ) 1,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,034

)

1,328

CAPITAL AND RESERVES
Called up share capital 70 70
Retained earnings (1,104 ) 1,258
SHAREHOLDERS' FUNDS (1,034 ) 1,328

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 director acknowledges his 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 director and authorised for issue on 18 April 2024 and were signed by:





Geoffrey James Bulmer - Director


BEC Navigation Limited (Registered number: 05359537)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

BEC Navigation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05359537

Registered office: 40-42 Castleford Road
Normanton
West Yorkshire
WF6 2EE

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 15% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33.3% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

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.

BEC Navigation Limited (Registered number: 05359537)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022
and 31 July 2023 4,971 4,510 139 2,864 12,484
DEPRECIATION
At 1 August 2022 4,971 4,510 139 2,821 12,441
Charge for year - - - 43 43
At 31 July 2023 4,971 4,510 139 2,864 12,484
NET BOOK VALUE
At 31 July 2023 - - - - -
At 31 July 2022 - - - 43 43

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 194 469
Value added tax 105 77
Prepayments - 9
299 555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 22 -
Directors' current accounts 2,626 1,222
Accrued expenses 2,161 1,335
4,809 2,557