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REGISTERED NUMBER: 01046617 (England and Wales)

















Financial Statements for the Year Ended 31 July 2023

for

T.g. Beighton Limited

T.g. Beighton Limited (Registered number: 01046617)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


T.g. Beighton Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr D Hughes
Mr M Lees
Mr M Lees
Mr P T Gray





REGISTERED OFFICE: McGregors Way
Turnoaks Business Park
Chesterfield
Derbyshire
S40 2WB





REGISTERED NUMBER: 01046617 (England and Wales)





AUDITORS: Sutton McGrath Hartley
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ

T.g. Beighton Limited (Registered number: 01046617)

Statement of Financial Position
31 July 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,500 3,500
Tangible assets 5 475,760 303,944
Investment property 6 1,360,000 1,462,702
1,837,260 1,770,146

CURRENT ASSETS
Debtors 7 3,570,917 3,241,928
Cash at bank and in hand 476,648 78,248
4,047,565 3,320,176
CREDITORS
Amounts falling due within one year 8 3,036,110 2,727,913
NET CURRENT ASSETS 1,011,455 592,263
TOTAL ASSETS LESS CURRENT LIABILITIES 2,848,715 2,362,409

CREDITORS
Amounts falling due after more than one year 9 (414,936 ) (394,266 )

PROVISIONS FOR LIABILITIES 12 (90,545 ) (48,127 )
NET ASSETS 2,343,234 1,920,016

CAPITAL AND RESERVES
Called up share capital 13 88,000 88,000
Revaluation reserve 3,900 106,602
Retained earnings 2,251,334 1,725,414
SHAREHOLDERS' FUNDS 2,343,234 1,920,016

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 2 August 2024 and were signed on its behalf by:



Mr D Hughes - Director


T.g. Beighton Limited (Registered number: 01046617)

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

1. STATUTORY INFORMATION

T.g. Beighton 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.

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 are preparing in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going Concern
The financial statements have been prepared on the going concern basis.

The company has sufficient finance to control its cashflow and support its working capital requirements to enable future planned growth.

Having carried out a detailed review of the company's position and its forecasts to the date 12 months from the date of signing of these financial statements, the directors consider the company to have adequate resources to meet its liabilities as they fall due.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

T.g. Beighton Limited (Registered number: 01046617)

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

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 27 ) .

T.g. Beighton Limited (Registered number: 01046617)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 August 2022
and 31 July 2023 10,000
AMORTISATION
At 1 August 2022 6,500
Charge for year 2,000
At 31 July 2023 8,500
NET BOOK VALUE
At 31 July 2023 1,500
At 31 July 2022 3,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 August 2022 693,698
Additions 278,742
Disposals (16,042 )
At 31 July 2023 956,398
DEPRECIATION
At 1 August 2022 389,754
Charge for year 96,879
Eliminated on disposal (5,995 )
At 31 July 2023 480,638
NET BOOK VALUE
At 31 July 2023 475,760
At 31 July 2022 303,944

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
20232022
£   £   
Motor vehicles420,835230,710


T.g. Beighton Limited (Registered number: 01046617)

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

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 August 2022 1,462,702
Revaluations (102,702 )
At 31 July 2023 1,360,000
NET BOOK VALUE
At 31 July 2023 1,360,000
At 31 July 2022 1,462,702

Fair value at 31 July 2023 is represented by:
£
Valuation in 2021 1,356,100
Valuation in 2022 106,602
Valuation in 2023 (102,702 )
1,360,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£ £
Cost 1,356,100 1,356,100
Aggregate depreciation (46,333 ) (32,772 )

Investment property was valued on an open market basis on 31 July 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,180,119 1,124,031
Amounts owed by group undertakings 1,744,372 1,564,501
Other debtors 646,426 553,396
3,570,917 3,241,928

T.g. Beighton Limited (Registered number: 01046617)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 93,238 87,260
Hire purchase contracts (see note 10) 119,611 57,407
Trade creditors 924,669 806,680
Amounts owed to group undertakings 972,509 814,604
Taxation and social security 406,806 331,162
Other creditors 519,277 630,800
3,036,110 2,727,913

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 151,969 245,207
Hire purchase contracts (see note 10) 262,967 149,059
414,936 394,266

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 119,611 57,407
Between one and five years 262,967 149,059
382,578 206,466

Non-cancellable
operating leases
2023 2022
£ £
Within one year 49,686 -
Between one and five years 79,978 -
129,664 -

T.g. Beighton Limited (Registered number: 01046617)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 382,578 206,466

The hire purchases are secured against the assets to which they relate. They are repayable by monthly installments with interest being charged monthly.

The bank held a debenture over the assets of the company at 31 July 2023.

12. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 90,545 48,127

Deferred tax
£
Balance at 1 August 2022 48,127
Provided during year 42,418
Balance at 31 July 2023 90,545

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
88,000 Ordinary £1 88,000 88,000

14. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathon Dickens FCA (Senior Statutory Auditor)
for and on behalf of Sutton McGrath Hartley

T.g. Beighton Limited (Registered number: 01046617)

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

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£ £
Mr P T Gray
Balance outstanding at start of year 128,376 -
Amounts advanced - 128,376
Amounts repaid (128,376 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 128,376

16. RELATED PARTY DISCLOSURES

The following company is a related party as they are under common control of one or all of the directors:

Face Structures Ltd
During the year the company made purchases totalling £185,544 (2022: £185,074) from Face Structures Ltd. As at 31 July 2023 the company owed £267,487 (2022: £413,324) to Face Structures Ltd.

Hastec Rail Ltd
During the year the company made sales totalling £8,615 (2022: £123,115) to Hastec Rail Ltd. As at 31 July 2023 the company was owed £1,236 (2022: £21,163) by Hastec Rail Ltd.

Elmec Solutions Ltd
During the year the company made purchases totalling £NIL (2022: £3,652) from Elmec Solutions Ltd and sales totalling £NIL (2022: £26,645). As at 31 July 2023 the company owed £20,700 (2022: £25,270) to Elmec Solutions Ltd.

Turnoaks Estates Ltd
During the year the company loaned money totalling £NIL (2022: £957) to Turnoaks Estates Ltd. As at 31 July 2023 the company was owed £957 (2022: £957) by Turnoaks Estates Ltd.

TGB Mechanical and Electrical Ltd
During the year the company was owed £953,440 (2022: £699,802) by TGB Mechanical and Electrical Ltd.

17. POST BALANCE SHEET EVENTS

On 5 March 2024 the entire issued share capital of the entity's parent company, C King Holdings Limited, was acquired by CK Eot Trustee Limited. CK Eot Trustee Limited, a company limited by guarantee, was incorporated to facilitate a transition to employee ownership for the group of companies under the control of C King Holdings Limited by way of an Employee Ownership Trust as defined by the Finance Act 2014.

T.g. Beighton Limited (Registered number: 01046617)

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

18. ULTIMATE CONTROLLING PARTY

As at 31 July 2023 the company's parent company was C K Rail Solutions Limited, a company which is incorporated in the UK.

The company's ultimate parent company is C King Holdings Ltd, a company incorporated in the UK, which is the parent of both the smallest and largest group in which the results of the company are published.

The financial statements of C King Holdings Ltd can be obtained from Companies House or the registered office.

The directors do not consider there to be an ultimate controlling party.