Company Registration No. 03127909 (England and Wales)
Beaconvale Developments Limited
Unaudited accounts
for the year ended 30 November 2023
Beaconvale Developments Limited
Unaudited accounts
Contents
Beaconvale Developments Limited
Statement of financial position
as at 30 November 2023
Tangible assets
72,032
74,309
Cash at bank and in hand
949,695
1,216,172
Creditors: amounts falling due within one year
(9,206)
(198,522)
Net current assets
998,861
1,077,178
Total assets less current liabilities
1,070,893
1,151,487
Provisions for liabilities
Deferred tax
(18,577)
(18,577)
Net assets
1,052,316
1,132,910
Called up share capital
155,000
155,000
Profit and loss account
897,316
977,910
Shareholders' funds
1,052,316
1,132,910
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by
P A Wall
Director
Company Registration No. 03127909
Beaconvale Developments Limited
Notes to the Accounts
for the year ended 30 November 2023
Beaconvale Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 03127909. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Computer equipment
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Beaconvale Developments Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
165,170
33,057
1,822
200,049
At 30 November 2023
169,276
33,057
1,822
204,155
At 1 December 2022
99,867
24,638
1,235
125,740
Charge for the year
6,173
-
210
6,383
At 30 November 2023
106,040
24,638
1,445
132,123
At 30 November 2023
63,236
8,419
377
72,032
At 30 November 2022
65,303
8,419
587
74,309
Amounts falling due within one year
Accrued income and prepayments
3,838
3,544
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,641
11,437
Taxes and social security
1,099
8,909
Loans from directors
745
176,176
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Average number of employees
During the year the average number of employees was 2 (2022: 2).