Registration number:
Beacon Battery Design Limited
for the Period from 21 July 2022 to 31 July 2023
Pages for filing with Registrar
Beacon Battery Design Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Beacon Battery Design Limited
Company Information
Directors |
Dr S J Alexander Dr I A Hunt Sir R Olver |
Registered office |
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Registered number |
14247424 |
Accountant |
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Beacon Battery Design Limited
(Registration number: 14247424)
Balance Sheet as at 31 July 2023
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2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
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Total equity |
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Beacon Battery Design Limited
(Registration number: 14247424)
Balance Sheet as at 31 July 2023
For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
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Director
Beacon Battery Design Limited
Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.
Disclosure of long or short period
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Beacon Battery Design Limited
Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023
Government grants
Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
Tangible fixed assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Computer equipment |
33% on cost |
Lab equipment |
33% on cost |
Research and development costs
Research and development costs are written off to profit or loss in the year incurred.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment.
Trade creditors
Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Beacon Battery Design Limited
Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023
Tangible fixed assets |
Computer equipment |
Total |
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Cost |
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At 21 July 2022 |
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Additions |
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At 31 July 2023 |
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Depreciation |
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At 21 July 2022 |
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Charge for the period |
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At 31 July 2023 |
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Carrying amount |
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At 31 July 2023 |
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At 21 July 2022 |
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Debtors: amounts falling due within one year |
2023 |
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Prepayments |
21,941 |
Other debtors |
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Beacon Battery Design Limited
Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023
Creditors |
2023 |
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Amounts falling due within one year |
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Taxation and social security |
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Accruals |
2,700 |
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Share capital |
Allotted, called up and fully paid shares
2023 |
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No. |
£ |
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21.42 |
During the year, 2,000 shares with an aggregate nominal value of £20 were issued for an aggregate consideration of £20.
Subsequently, all the shares were subdivided increasing the number of shares from 2,000 to 2,000,000.
A further 142,045 shares with an aggregate nominal value of £1.42 were issued for an aggregate consideration of £249,999.
Non adjusting events after the financial period |
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