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REGISTERED NUMBER: 11706741 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Bevec Ltd

Bevec Ltd (Registered number: 11706741)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bevec Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Humphrey





REGISTERED OFFICE: Suite 7 Unit 7
44 Chartwell Road
Lancing
BN15 8UE





REGISTERED NUMBER: 11706741 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Bevec Ltd (Registered number: 11706741)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,906 164,208

CURRENT ASSETS
Debtors 5 24,304 4,029

CREDITORS
Amounts falling due within one year 6 214,176 176,927
NET CURRENT LIABILITIES (189,872 ) (172,898 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,966

)

(8,690

)

CREDITORS
Amounts falling due after more than one
year

7

39,738

37,367
NET LIABILITIES (65,704 ) (46,057 )

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings (65,706 ) (46,058 )
SHAREHOLDERS' FUNDS (65,704 ) (46,057 )

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 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.

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 director and authorised for issue on 13 September 2024 and were signed by:



J Humphrey - Director


Bevec Ltd (Registered number: 11706741)

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

1. STATUTORY INFORMATION

Bevec Ltd 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. At the year end the current liabilities exceeded current assets by £189,872. The validity of this basis depends upon the continued support of the company's director. The director confirms that they will give the required support.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Bevec Ltd (Registered number: 11706741)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 206,716 - 2,483 209,199
Additions 34,175 14,130 532 48,837
At 31 December 2023 240,891 14,130 3,015 258,036
DEPRECIATION
At 1 January 2023 44,568 - 423 44,991
Charge for year 45,846 2,712 581 49,139
At 31 December 2023 90,414 2,712 1,004 94,130
NET BOOK VALUE
At 31 December 2023 150,477 11,418 2,011 163,906
At 31 December 2022 162,148 - 2,060 164,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 24,304 2,588
Other debtors - 1,441
24,304 4,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 19,830 18,926
Trade creditors 116,477 97,251
Taxation and social security 7,802 -
Other creditors 70,067 60,750
214,176 176,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 33,985 37,367
Other creditors 5,753 -
39,738 37,367

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.