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REGISTERED NUMBER: 12804857 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Beaver No.9 Limited

Beaver No.9 Limited (Registered number: 12804857)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Beaver No.9 Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S J L Maunder
A J L Maunder





REGISTERED OFFICE: The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT





REGISTERED NUMBER: 12804857 (England and Wales)





ACCOUNTANTS: Blue Sky
Chartered Accountants
The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT

Beaver No.9 Limited (Registered number: 12804857)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,092 54,855

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 42,302 2,867
Cash at bank 47,766 62,850
93,068 68,717
CREDITORS
Amounts falling due within one year 6 120,438 90,762
NET CURRENT LIABILITIES (27,370 ) (22,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,722

32,810

PROVISIONS FOR LIABILITIES 6,927 2,581
NET ASSETS 18,795 30,229

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,695 30,129
SHAREHOLDERS' FUNDS 18,795 30,229

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 19 June 2024 and were signed on its behalf by:





S J L Maunder - Director


Beaver No.9 Limited (Registered number: 12804857)

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

1. Statutory information

Beaver No.9 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
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. 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 etc - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.


Beaver No.9 Limited (Registered number: 12804857)

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

2. 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.

Covid 19
The directors have considered the impact of COVID-19 and do not consider it to have a material impact on the balances included within the financial statements. In addition, the directors do not consider it to cast any significant doubt upon the company's ability to continue successfully in the future.

The directors have taken both reactive and proactive measures in order to mitigate any risks associated with COVID-19, including managing cash flow to ensure that debts can be paid when they fall due, managing staffing levels and monitoring key customer and supplier activity.

The directors have implemented a robust system of procedures and controls in order to deal with any associated risks.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 8 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 November 2022 66,264 1,334 67,598
Additions 6,003 470 6,473
At 31 October 2023 72,267 1,804 74,071
Depreciation
At 1 November 2022 12,476 267 12,743
Charge for year 8,009 227 8,236
At 31 October 2023 20,485 494 20,979
Net book value
At 31 October 2023 51,782 1,310 53,092
At 31 October 2022 53,788 1,067 54,855

Beaver No.9 Limited (Registered number: 12804857)

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

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 38,625 -
Other debtors 3,677 2,867
42,302 2,867

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 4,010 1,941
Taxation and social security 47,638 34,598
Other creditors 68,790 54,223
120,438 90,762