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REGISTERED NUMBER: 01413278 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

BEEDLE'S LIMITED

BEEDLE'S LIMITED (REGISTERED NUMBER: 01413278)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

BEEDLE'S LIMITED

Company Information
for the Year Ended 31 December 2023







Directors: S Bain
J L Beedle





Secretary: S Bain





Registered office: 2 Oaklea Terrace
Cockton Hill Road
Bishop Auckland
County Durham
DL14 6HH





Registered number: 01413278 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

BEEDLE'S LIMITED (REGISTERED NUMBER: 01413278)

Abridged Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1 1
Tangible assets 5 231,278 247,568
Investments 6 51,516 50,092
282,795 297,661

Current assets
Stocks 5,345 4,638
Debtors 8,423 11,557
Cash at bank and in hand 53,782 36,788
67,550 52,983
Creditors
Amounts falling due within one year 72,193 65,167
Net current liabilities (4,643 ) (12,184 )
Total assets less current liabilities 278,152 285,477

Creditors
Amounts falling due after more than one
year

7

(60,194

)

(66,823

)

Provisions for liabilities (34,213 ) (30,625 )
Net assets 183,745 188,029

Capital and reserves
Called up share capital 275 275
Revaluation reserve 8 119,132 127,811
Capital redemption reserve 125 125
Retained earnings 64,213 59,818
Shareholders' funds 183,745 188,029

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

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

BEEDLE'S LIMITED (REGISTERED NUMBER: 01413278)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 August 2024 and were signed on its behalf by:





J L Beedle - Director


BEEDLE'S LIMITED (REGISTERED NUMBER: 01413278)

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

1. STATUTORY INFORMATION

Beedle's 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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents net invoiced sales of goods excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses, is being written off evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost or revaluation
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 that have been enacted or substantively enacted by the balance sheet date.

Deferred tax on revalued property is recognised in the Income Statement and is then subsequently transferred to revaluation reserve by way of a transfer in reserves.

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.

BEEDLE'S LIMITED (REGISTERED NUMBER: 01413278)

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

2. ACCOUNTING POLICIES - continued

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.

Investments
Investments represent a bond which is valued at its surrender value as provided by the investment manager.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 26,000
AMORTISATION
At 1 January 2023
and 31 December 2023 25,999
NET BOOK VALUE

At 31 December 2023 1
At 31 December 2022 1

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023 328,036
Additions 1,158
At 31 December 2023 329,194
DEPRECIATION
At 1 January 2023 80,468
Charge for year 17,448
At 31 December 2023 97,916
NET BOOK VALUE
At 31 December 2023 231,278
At 31 December 2022 247,568

BEEDLE'S LIMITED (REGISTERED NUMBER: 01413278)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2021 135,346
Cost 193,848
329,194

If the freehold building had not been revalued it would have been included at the following historical cost:

31/12/23 31/12/22
£    £   
Cost 51,888 51,888
Aggregate depreciation 34,254 33,216

Freehold property was valued on an open market basis on 31 December 2021 by the director .

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023 50,092
Change in market value 1,424
At 31 December 2023 51,516
NET BOOK VALUE
At 31 December 2023 51,516
At 31 December 2022 50,092

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/12/23 31/12/22
£    £   
Repayable by instalments
Bounceback loan 8,567 14,490
R & S Beedle 23,453 24,829
32,020 39,319

BEEDLE'S LIMITED (REGISTERED NUMBER: 01413278)

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

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023 127,811
Transfer of deferred tax (5,972 )
Transfer of excess
depreciation and gain
on fixed asset investment (2,707 )

At 31 December 2023 119,132

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
J L Beedle
Balance outstanding at start of year - -
Amounts advanced 8,579 8,505
Amounts repaid (8,579 ) (8,505 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

This balance is interest free and repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Beedle's Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beedle's Limited for the year ended 31 December 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Beedle's Limited, as a body, in accordance with the terms of our engagement letter dated 6 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Beedle's Limited and state those matters that we have agreed to state to the Board of Directors of Beedle's Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Beedle's Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beedle's Limited. You consider that Beedle's Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Beedle's Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


7 August 2024