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Registered number: 02671242
BEECHAM RESEARCH LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
BEECHAM RESEARCH LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS
R M G Duke-Woolley
SECRETARY
Mrs S F S Duke-Woolley
REGISTERED OFFICE
15 Heythrop
Ingatestone
Essex
CM4 9HG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02671242
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
BEECHAM RESEARCH LIMITED
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
BEECHAM RESEARCH LIMITED
BALANCE SHEET AT 31 December 2023
20232022
Notes££
FIXED ASSETS
Tangible assets33,7463,260
CURRENT ASSETS
Debtors424,60230,212
24,60230,212
CREDITORS: Amounts falling due within one year5663,703704,218
NET CURRENT LIABILITIES(639,101)(674,006)
TOTAL ASSETS LESS CURRENT LIABILITIES(635,355)(670,746)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(635,455)(670,846)
SHAREHOLDERS' FUNDS(635,355)(670,746)
For the year ending 31 December 2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20 August 2024 and signed on their behalf by
.............................
R M G Duke-Woolley
Director
BEECHAM RESEARCH LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. The company is able to continue trading by the continued support of its director.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1f. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
BEECHAM RESEARCH LIMITED
2. EMPLOYEES
20232022
No.No.
Average number of employees44
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 January 20238,0278,027
Additions2,4022,402
Disposals(2,349)(2,349)
At 31 December 20238,0808,080
Depreciation
At 1 January 20234,7674,767
Disposals(1,681)(1,681)
For the year1,2481,248
At 31 December 20234,3344,334
Net Book Amounts
At 31 December 20233,7463,746
At 31 December 20223,2603,260
4. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors24,55526,400
VAT472,214
Other debtors-1,598
24,60230,212
BEECHAM RESEARCH LIMITED
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Bank loans and overdrafts25,33356,634
Trade creditors-6,661
Taxation and social security7,9013,060
Other creditors630,469637,863
663,703704,218
6. SECURED CREDITORS
20232022
££
Amount of bank loans and overdrafts which are secured25,33326,260
The director has given a personal guarantee on the overdraft.
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. RELATED PARTY TRANSACTIONS
The director continues to fund the company and at the year-end the total amount owed to the director was £627,297. There is no set date for repayment and no interest is charged on this amount.