Company Number: 10803101
BEAUMONT ELECTRICAL SERVICES TEAM LIMITED
REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2023
30 June 2023
PAGES FOR FILING WITH REGISTRAR
1
BEAUMONT ELECTRICAL SERVICES TEAM LIMITED
Company Information
Director
Mr Owen Beaumont
Mr Elliott Beaumont
Company Number:
10803101
Registered Office:
58 Hawes Road
Walsall
WS1 3LF
Accountants:
Steve Smith FCA
(Chartered Accountants)
38 Timbertree Road
Cradley Heath
West Midlands B64 7LE
2
BEAUMONT ELECTRICAL SERVICES TEAM LIMITED
Contents
Page
Balance sheet
Notes to the financial statements
4
6
3
BEAUMONT ELECTRICAL SERVICES TEAM LIMITED
BALANCE SHEET as at 30 June 2023
2023
2022
Notes
£
£
CALLED UP SHARE CAPITAL NOT PAID
60
60
FIXED ASSETS
Tangible assets
3
43,702
29,144
CURRENT ASSETS
Debtors
4
23,026
12,473
Cash at bank
1,132
6,183
24,158
18,656
CREDITORS: Amounts falling due within one year
5
(26,123)
(8,993)
NET CURRENT (LIABILITIES)/ASSETS
(1,965)
9,663
TOTAL ASSETS LESS CURRENT LIABILITIES
41,797
38,867
CREDITORS:  Amounts falling due after one year
6
(31,505)
(22,584)
Provision for liabilities and charges
7
(8,303)
(5,537)
NET ASSETS
1,989
10,746
CAPITAL AND RESERVES
Called-up equity share capital
8
60
60
Profit and loss account
1,929
10,686
SHAREHOLDERS FUNDS
1,989
10,746
For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities
The members have not required the company to obtain an audit of its accounts for the period in accordance with section 476
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 in accordance with the special provisions of the small companies' regime of the Companies Act 2006
As permitted by s444(5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account
4
BEAUMONT ELECTRICAL SERVICES TEAM LIMITED
BALANCE SHEET as at 30 June 2023 (continued)
The financial statements were approved and authorised for issue by the board and were signed on its behalf 17 January 2024.
Mr Owen Beaumont
Director
5
BEAUMONT ELECTRICAL SERVICES TEAM LIMITED
Notes to the financial statements
For the year ended 30 June 2023
1.
General Information
The company is a private company limited by shares and is incorporated and domiciled in England.  The address of its registered office is 58 Hawes Road, Walsall, WS1 3LF.
The financial statements of Beaumont Electrical Services Team Limited have been prepared in compliance with United Kingdom Accounting Standards, including Section 1A Small Entities of Financial Reporting Standard 102.  “The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland” (“FRS 102”) and the Companies Act 2006.
2.
Accounting Policies
Basis of preparation of financial statements
The financial statements have been prepared on the going concern basis, under the historical cost convention. The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed below.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
Government grants received
Government grants are recognised when there is reasonable assurance that the entity will comply with the conditions attaching to the grant.  The grant is recognised in the profit and loss account on a systematic basis over the periods in which the company recognises the related costs.
Cash Flow
The financial statements do not include a cash flow statement because the company, as a small reporting entity is exempt from the requirement to prepare such a statement.
Deferred taxation
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax at a future date, at rates expected to apply when they crystallise based on current tax rates and legislation.  Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the accounts.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.  On the grounds of immateriality deferred tax assets and liabilities are not discounted.
Depreciation
Tangible fixed assets are valued at historic purchase cost less accumulated depreciation.  Depreciation is provided to write off the cost less estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:
Tooling equipment
3 years
              Motor Vehicle                                    4 years
             Office equipment                              3 years
6
BEAUMONT ELECTRICAL SERVICES TEAM LIMITED
Notes to the financial statements
For the year ended 30 June 2023 (continued)
3.
Tangible fixed assets
Tooling
Motor
Office
Equipment
Vehicle
Equipment
Total
£
£
£
£
At 30 June 2022
Cost
4,371
28,325
668
33,364
Accumulated depreciation
(1,544)
(2,360)
(316)
(4,220)
Net book amount
2,827
25,965
352
29,144
Year ended 30 June 2023
Opening net book amount
2,827
25,965
352
29,144
Additions
1,011
27,595
-
28,606
Disposals
-
-
-
-
Depreciation
(1,570)
(12,255)
(223)
(14,048)
Closing net book amount
2,268
41,305
129
43,702
At 30 June 2023
Cost
5,382
55,920
668
61,970
Accumulated depreciation
(3,114)
(14,615)
(539)
(18,268)
Net book amount
2,268
41,305
129
43,702
4.
Debtors
2023
2022
£
£
Trade debtors
4,359
9,317
Taxation recoverable
18,257
2,746
Prepayments
410
410
23,026
12,473
7
BEAUMONT ELECTRICAL SERVICES TEAM LIMITED
Notes to the financial statements
For the year ended 30 June 2023 (continued)
5.
Creditors: amounts falling due within one year.
2023
2022
£
£
Hire purchase
9,669
4,593
Accruals and deferred income
10,880
1,682
Directors current account
3,671
-
VAT
1,903
2,718
26,123
8,993
6.
Creditors: falling due after one year
2023
2022
£
£
Hire purchase
31,505
22,584
31,505
22,584
7.
Provision for liabilities and charges – Deferred tax
2023
2022
£
£
Accelerated capital allowances
8,303
5,537
8,303
5,537
8.
Share Capital
£
Authorised
60 Ordinary Equity shares of £1 each
Allotted, called up and unpaid
60 Ordinary Equity Shares of £1 each
60
60
9.
Related Party Transactions
The Company is under the control of Mr Owen Beaumont and Mr Elliott Beaumont.
8
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