Beachbay Limited 03390560 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is development of building projects Digita Accounts Production Advanced 6.30.9574.0 Software true true 03390560 2022-11-01 2023-10-31 03390560 2023-10-31 03390560 bus:OrdinaryShareClass1 2023-10-31 03390560 core:RetainedEarningsAccumulatedLosses 2023-10-31 03390560 core:ShareCapital 2023-10-31 03390560 core:CurrentFinancialInstruments 2023-10-31 03390560 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 03390560 core:PlantMachinery 2023-10-31 03390560 bus:SmallEntities 2022-11-01 2023-10-31 03390560 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 03390560 bus:FullAccounts 2022-11-01 2023-10-31 03390560 bus:RegisteredOffice 2022-11-01 2023-10-31 03390560 bus:Director1 2022-11-01 2023-10-31 03390560 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 03390560 bus:EntityNoLongerTradingButTradedInPast 2022-11-01 2023-10-31 03390560 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 03390560 core:PlantMachinery 2022-11-01 2023-10-31 03390560 core:OtherRelatedParties 2022-11-01 2023-10-31 03390560 countries:AllCountries 2022-11-01 2023-10-31 03390560 2022-10-31 03390560 core:PlantMachinery 2022-10-31 03390560 2021-11-01 2022-10-31 03390560 2022-10-31 03390560 bus:OrdinaryShareClass1 2022-10-31 03390560 core:RetainedEarningsAccumulatedLosses 2022-10-31 03390560 core:ShareCapital 2022-10-31 03390560 core:CurrentFinancialInstruments 2022-10-31 03390560 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Filleted

Registration number: 03390560

Beachbay Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Beachbay Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Beachbay Limited

Company Information

Director

Mr J Lynch

Registered office

Bridge Warehouse
Castle Street
Cardigan
SA43 3AA

 

Beachbay Limited

(Registration number: 03390560)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

-

36,856

Creditors: Amounts falling due within one year

6

(233)

(78)

Net (liabilities)/assets

 

(233)

36,778

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(235)

36,776

Total equity

 

(233)

36,778

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 by the director on 31 July 2024
 

.........................................
Mr J Lynch
Director

   
     
 

Beachbay Limited

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

1

General information

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

The address of its registered office is:
Bridge Warehouse
Castle Street
Cardigan
SA43 3AA

These financial statements were authorised for issue by the director on 31 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Beachbay Limited

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

Tangible assets

Tangible assets are stated in the balance sheet 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

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:

Asset class

Depreciation method and rate

Plant & machinery

20% reducing balance

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Beachbay Limited

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

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2022

2,855

2,855

At 31 October 2023

2,855

2,855

Depreciation

At 1 November 2022

2,855

2,855

At 31 October 2023

2,855

2,855

Carrying amount

At 31 October 2023

-

-

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

-

36,856

 

-

36,856

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

78

-

Corporation tax liability

 

71

-

Other creditors

 

84

78

 

233

78

 

Beachbay Limited

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

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

8

Related party transactions

Summary of transactions with other related parties

The following companies are related to Beachbay Ltd by virtue of same shareholder and director, that have balances owing or owed.
Cardigan Quays Ltd
Fforest Camps Ltd
BigFt Construction Ltd
Bigger Box Ltd
Fforest Land Ltd
Boy Ashore Ltd

 The total amounts owed to Beachbay Ltd from the above parties is £Nil (2022: £42,000).
The total amounts owed by Beachbay Ltd to the above parties is £Nil (2022: £5,144)

During the year ended 31st October 2023 Beachbay Ltd paid software costs of £2,651 (2022 : £2,812) to Fforest Events Ltd. These transactions were made in the ordinary course of business.
During the year ended 31st October 2023 Beachbay Ltd received income of £19,000 (2022 : £19,500) from BigFt Construction Ltd. These transactions were made in the ordinary course of business.