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REGISTERED NUMBER: 01076722 (England and Wales)


















Beaufort Construction (S-in-A) Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Beaufort Construction (S-in-A) Limited (Registered number: 01076722)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beaufort Construction (S-in-A) Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: D M Ailward





SECRETARY: A L Allin





REGISTERED OFFICE: Beaufort House
Brierley Park Close
Sutton In Ashfield
Notts
NG17 3FW





REGISTERED NUMBER: 01076722 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Beaufort Construction (S-in-A) Limited (Registered number: 01076722)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 303,864 210,239

CURRENT ASSETS
Stocks 1,834 1,940
Debtors 6 3,573,349 1,919,765
Cash at bank and in hand 3,282,620 2,612,599
6,857,803 4,534,304
CREDITORS
Amounts falling due within one year 7 (5,239,023 ) (3,621,966 )
NET CURRENT ASSETS 1,618,780 912,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,922,644

1,122,577

CREDITORS
Amounts falling due after more than one
year

8

(26,195

)

(91,065

)

PROVISIONS FOR LIABILITIES (45,783 ) (23,627 )
NET ASSETS 1,850,666 1,007,885

CAPITAL AND RESERVES
Called up share capital 10 896 896
Share premium 5,340 5,340
Capital redemption reserve 44,263 44,263
Retained earnings 1,800,167 957,386
SHAREHOLDERS' FUNDS 1,850,666 1,007,885

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Beaufort Construction (S-in-A) Limited (Registered number: 01076722)

Balance Sheet - continued
31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st August 2024 and were signed by:





D M Ailward - Director


Beaufort Construction (S-in-A) Limited (Registered number: 01076722)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Beaufort Construction (S-in-A) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 20% 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 Statement of Income and Retained Earnings, 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.

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.

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.

Beaufort Construction (S-in-A) Limited (Registered number: 01076722)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. 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.

Construction contracts
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2023 29,860 34,581 300,706 365,147
Additions 5,204 3,527 161,302 170,033
Disposals (5,250 ) (771 ) (67,440 ) (73,461 )
At 31st March 2024 29,814 37,337 394,568 461,719
DEPRECIATION
At 1st April 2023 17,580 16,306 121,022 154,908
Charge for year 4,120 3,999 56,123 64,242
Eliminated on disposal (4,635 ) (771 ) (55,889 ) (61,295 )
At 31st March 2024 17,065 19,534 121,256 157,855
NET BOOK VALUE
At 31st March 2024 12,749 17,803 273,312 303,864
At 31st March 2023 12,280 18,275 179,684 210,239

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,452,783 1,799,199
Amounts owed by group undertakings 120,566 120,566
3,573,349 1,919,765

Beaufort Construction (S-in-A) Limited (Registered number: 01076722)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 394,553 281,876
Hire purchase contracts (see note 9) 2,771 2,771
Trade creditors 3,615,461 2,499,098
Taxation and social security 1,066,201 409,558
Other creditors 160,037 428,663
5,239,023 3,621,966

All hire purchase balances are secured on the asset to which they relate. Amounts secured at 31 March 2024 were £2,771 (2023: £2,771).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 24,320 86,975
Hire purchase contracts (see note 9) 1,875 4,090
26,195 91,065

All hire purchase balances are secured on the asset to which they relate. Secured liabilities due in greater than 1 year at 31 March 2024 were £1,875 (2022: £4,090).

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,771 2,771
Between one and five years 1,875 4,090
4,646 6,861

Non-cancellable operating leases
2024 2023
£    £   
Within one year 750 9,079
Between one and five years - 750
750 9,829

Beaufort Construction (S-in-A) Limited (Registered number: 01076722)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares A 1 100 100
796 Ordinary shares B 1 796 796
896 896

11. CONTROLLING PARTY

The parent company of Beaufort Construction (S-in-A) Limited are Beaufort Holdings UK Limited of the same registered office address.