Company Registration No. 12738354 (England and Wales)
Beloit Ltd
Unaudited accounts
for the year ended 31 July 2023
Beloit Ltd
Unaudited accounts
Contents
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
Beloit Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
2,847
3,086
Cash at bank and in hand
545
1,789
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)
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
Beloit Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 1 August 2022
206
142
348
Charge for the year
139
100
239
At 31 July 2023
345
242
587
At 31 July 2023
2,647
200
2,847
At 31 July 2022
2,786
300
3,086
Amounts falling due within one year
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
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
5,546
4,898
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).