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REGISTERED NUMBER: 03996122 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BEECHCROFT FREIGHT SERVICES LIMITED

BEECHCROFT FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03996122)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEECHCROFT FREIGHT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr C Gill
Mrs A Gill





SECRETARY: Mrs A Gill





REGISTERED OFFICE: 12 High Street
Stanford le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 03996122 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

BEECHCROFT FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03996122)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,876 7,440

CURRENT ASSETS
Debtors 6 427,370 445,078
Cash at bank and in hand 71,823 82,899
499,193 527,977
CREDITORS
Amounts falling due within one year 7 186,614 188,527
NET CURRENT ASSETS 312,579 339,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,455

346,890

PROVISIONS FOR LIABILITIES 9 287 376
NET ASSETS 318,168 346,514

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 317,768 346,114
SHAREHOLDERS' FUNDS 318,168 346,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

BEECHCROFT FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03996122)

BALANCE SHEET - continued
31 MAY 2024


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 24 July 2024 and were signed on its behalf by:





Mr C Gill - Director


BEECHCROFT FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03996122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Beechcroft Freight Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, 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.

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 - 15% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognized at transaction price and then subsequently at amortized cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognized in profit and loss.

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.


BEECHCROFT FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03996122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. ACCOUNTING POLICIES - continued
Deferred taxation
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.

Employee benefits and pension costs
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognized at the undiscounted amount expected to be paid for that service.

The company operates three defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Employee benefit trust
The company have established an Employee Benefit Trust (EBT) for the benefit of certain employees. In accordance with UITF32, until such time as the assets of the EBT rest unconditionally with the employees, the assets and liabilities of the EBT are included within the relevant assets and liabilities of the company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

5. TANGIBLE FIXED ASSETS
Fixtures,
Improvements fittings
to Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 6,399 1,993 14,546 18,500 41,438
DEPRECIATION
At 1 June 2023 3,610 1,941 10,584 17,863 33,998
Charge for year 641 8 756 159 1,564
At 31 May 2024 4,251 1,949 11,340 18,022 35,562
NET BOOK VALUE
At 31 May 2024 2,148 44 3,206 478 5,876
At 31 May 2023 2,789 52 3,962 637 7,440

BEECHCROFT FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03996122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,848 121,943
Other debtors 316,522 323,135
427,370 445,078

During the year ended 31 May 2011 a contribution was made to an Employee Benefit Trust of £300,000. At the year end the EBT has advanced loans of £300,000 (2023: £300,000) which are included within other debtors above.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 63,333 47,596
Corporation tax 38,790 43,301
Social security and other taxes 65,205 68,003
Other creditors 18,269 28,420
Directors' current accounts 1,017 1,207
186,614 188,527

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 56,433 203,877
Between one and five years 591,551 471,746
647,984 675,623

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 287 376

Deferred
tax
£   
Balance at 1 June 2023 376
Credit to Income Statement during year (89 )
Balance at 31 May 2024 287

The provision for deferred taxation is made up of accelerated capital allowances.

10. PENSION COMMITMENTS

The company operates two defined contribution pension schemes, for the employees and directors. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £4,956 unpaid contributions (2023: £3,498).