Beacon Battery Design Limited 14247424 false 2022-07-21 2023-07-31 2023-07-31 The principal activity of the company is that of the design of batteries for industrial process and production. Digita Accounts Production Advanced 6.30.9574.0 true true 14247424 2022-07-21 2023-07-31 14247424 2023-07-31 14247424 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-07-31 14247424 core:RetainedEarningsAccumulatedLosses 2023-07-31 14247424 core:ShareCapital 2023-07-31 14247424 core:SharePremium 2023-07-31 14247424 core:CurrentFinancialInstruments 2023-07-31 14247424 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14247424 core:MotorVehicles 2023-07-31 14247424 bus:SmallEntities 2022-07-21 2023-07-31 14247424 bus:AuditExemptWithAccountantsReport 2022-07-21 2023-07-31 14247424 bus:FullAccounts 2022-07-21 2023-07-31 14247424 bus:SmallCompaniesRegimeForAccounts 2022-07-21 2023-07-31 14247424 bus:RegisteredOffice 2022-07-21 2023-07-31 14247424 bus:Director1 2022-07-21 2023-07-31 14247424 bus:Director2 2022-07-21 2023-07-31 14247424 bus:Director3 2022-07-21 2023-07-31 14247424 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-07-21 2023-07-31 14247424 bus:PrivateLimitedCompanyLtd 2022-07-21 2023-07-31 14247424 core:ComputerEquipment 2022-07-21 2023-07-31 14247424 core:MotorVehicles 2022-07-21 2023-07-31 14247424 core:OfficeEquipment 2022-07-21 2023-07-31 14247424 1 2022-07-21 2023-07-31 14247424 1 2022-07-21 2023-07-31 14247424 countries:EnglandWales 2022-07-21 2023-07-31 14247424 2022-07-20 14247424 core:MotorVehicles 2022-07-20 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14247424

Beacon Battery Design Limited

Unaudited Filleted Financial Statements

for the Period from 21 July 2022 to 31 July 2023

Pages for filing with Registrar

 

Beacon Battery Design Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Beacon Battery Design Limited

Company Information

Directors

Dr S J Alexander

Dr I A Hunt

Sir R Olver

Registered office

Unit 3b Princess Street
Bedminster
Bristol
BS3 4AG

Registered number

14247424

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Beacon Battery Design Limited

(Registration number: 14247424)
Balance Sheet as at 31 July 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

9,635

Current assets

 

Debtors

5

34,172

Cash at bank and in hand

 

117,293

 

151,465

Creditors: Amounts falling due within one year

6

(7,436)

Net current assets

 

144,029

Net assets

 

153,664

Capital and reserves

 

Called up share capital

7

21

Share premium reserve

249,998

Profit and loss account

(96,355)

Total equity

 

153,664

 

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:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 Board on 12 April 2024 and signed on its behalf by:
 

.........................................

Dr I A Hunt
Director

 

Beacon Battery Design Limited

Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3b Princess Street
Bedminster
Bristol
BS3 4AG

2

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

These financial statements are prepared for the period from incorporation, 21 July 2022, to the first accoutning reference date, 31 July 2023.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Beacon Battery Design Limited

Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023

4

Tangible fixed assets

Computer equipment
 £

Total
£

Cost

At 21 July 2022

-

-

Additions

10,400

10,400

At 31 July 2023

10,400

10,400

Depreciation

At 21 July 2022

-

-

Charge for the period

765

765

At 31 July 2023

765

765

Carrying amount

At 31 July 2023

9,635

9,635

At 21 July 2022

-

-

5

Debtors: amounts falling due within one year

2023
£

Prepayments

21,941

Other debtors

12,231

34,172

 

Beacon Battery Design Limited

Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023

6

Creditors

2023
£

Amounts falling due within one year

Taxation and social security

4,736

Accruals

2,700

7,436

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £0.00001 each

2,142,045

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.

8

Non adjusting events after the financial period

In the period 1 August 2023 to 6 November 2023, the company issued 284,091 Ordinary shares for a total aggregate consideration of £500,000.