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REGISTERED NUMBER: 05890573 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Beechwood Project Management North East
Limited

Beechwood Project Management North East
Limited (Registered number: 05890573)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beechwood Project Management North East
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J A Peacock
Mrs A J Peacock





SECRETARY: Mrs A J Peacock





REGISTERED OFFICE: Woodhouse Farm
St Martins
Richmond
North Yorkshire
DL10 4SL





REGISTERED NUMBER: 05890573 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Beechwood Project Management North East
Limited (Registered number: 05890573)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 20,615 23,268
Investments 6 1 1
20,616 23,269

CURRENT ASSETS
Debtors 7 617,093 646,701
Cash at bank 5,350 44,356
622,443 691,057
CREDITORS
Amounts falling due within one year 8 572,608 616,191
NET CURRENT ASSETS 49,835 74,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,451

98,135

CREDITORS
Amounts falling due after more than one
year

9

23,333

42,567
NET ASSETS 47,118 55,568

Beechwood Project Management North East
Limited (Registered number: 05890573)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 47,116 55,566
SHAREHOLDERS' FUNDS 47,118 55,568

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 March 2024 and were signed on its behalf by:





Mrs A J Peacock - Director


Beechwood Project Management North East
Limited (Registered number: 05890573)

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

1. STATUTORY INFORMATION

Beechwood Project Management North East 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Beechwood Project Management North East
Limited (Registered number: 05890573)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 41,478 4,257 24,167 69,902
Additions - - 8,015 8,015
At 31 March 2023 41,478 4,257 32,182 77,917
DEPRECIATION
At 1 April 2022 20,427 2,426 23,781 46,634
Charge for year 9,093 803 772 10,668
At 31 March 2023 29,520 3,229 24,553 57,302
NET BOOK VALUE
At 31 March 2023 11,958 1,028 7,629 20,615
At 31 March 2022 21,051 1,831 386 23,268

Beechwood Project Management North East
Limited (Registered number: 05890573)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 3,750
Amounts recoverable on contract 570,730 586,971
Other debtors 46,363 55,980
617,093 646,701

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 -
Trade creditors 62,219 113,416
Tax 12,834 11,974
Other creditors 106,409 132,351
Directors' current accounts 361,581 344,385
Accruals and deferred income 19,565 14,065
572,608 616,191

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 42,567
Bank loans - 2-5 years 13,333 -
23,333 42,567

Beechwood Project Management North East
Limited (Registered number: 05890573)

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

10. RELATED PARTY DISCLOSURES

At the year end, the company owed an amount of £86,629 (2022:£118,521) to Beechwood Homes (High Coniscliffe) Limited in respect of loans advanced. The loan is provided interest-free and is repayable on demand.

Beechwood Homes (High Coniscliffe) Limited is a wholly owned subsidiary of Beechwood Project Management North East Limited.