IRIS Accounts Production v24.2.0.383 06461209 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064612092022-12-31064612092023-12-31064612092023-01-012023-12-31064612092021-12-31064612092022-01-012022-12-31064612092022-12-3106461209ns15:EnglandWales2023-01-012023-12-3106461209ns14:PoundSterling2023-01-012023-12-3106461209ns10:Director12023-01-012023-12-3106461209ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106461209ns10:SmallEntities2023-01-012023-12-3106461209ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106461209ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106461209ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106461209ns10:AbridgedAccounts2023-01-012023-12-310646120912023-01-012023-12-3106461209ns10:CompanySecretary12023-01-012023-12-3106461209ns10:RegisteredOffice2023-01-012023-12-3106461209ns5:CurrentFinancialInstruments2023-12-3106461209ns5:CurrentFinancialInstruments2022-12-3106461209ns5:Non-currentFinancialInstruments2023-12-3106461209ns5:Non-currentFinancialInstruments2022-12-3106461209ns5:ShareCapital2023-12-3106461209ns5:ShareCapital2022-12-3106461209ns5:RetainedEarningsAccumulatedLosses2023-12-3106461209ns5:RetainedEarningsAccumulatedLosses2022-12-3106461209ns5:NetGoodwill2023-01-012023-12-3106461209ns5:LandBuildings2023-01-012023-12-3106461209ns5:PlantMachinery2023-01-012023-12-31
REGISTERED NUMBER: 06461209 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BEECHWOOD INDUSTRIES LIMITED

BEECHWOOD INDUSTRIES LIMITED (REGISTERED NUMBER: 06461209)






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


BEECHWOOD INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A C Halford



SECRETARY: A J Halford FCA



REGISTERED OFFICE: Primrose Hill Nurseries
Warrington Road
High Legh
Knutsford
Cheshire
WA16 0SQ



REGISTERED NUMBER: 06461209 (England and Wales)



ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL



BANKERS: H S B C plc
11 Bridge Street
Warrington
Cheshire
WA1 2EY

BEECHWOOD INDUSTRIES LIMITED (REGISTERED NUMBER: 06461209)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,583
Tangible assets 5 1,071,366 1,126,992
1,071,366 1,131,575

CURRENT ASSETS
Stocks 82,369 86,598
Debtors 584,423 526,454
Cash at bank and in hand 320,027 309,308
986,819 922,360
CREDITORS
Amounts falling due within one year 601,818 596,347
NET CURRENT ASSETS 385,001 326,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,456,367

1,457,588

CREDITORS
Amounts falling due after more than one
year

(152,957

)

(284,490

)

PROVISIONS FOR LIABILITIES (94,273 ) (84,307 )
NET ASSETS 1,209,137 1,088,791

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,208,137 1,087,791
SHAREHOLDERS' FUNDS 1,209,137 1,088,791

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.

BEECHWOOD INDUSTRIES LIMITED (REGISTERED NUMBER: 06461209)

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 director and authorised for issue on 2 September 2024 and were signed by:





A C Halford - Director


BEECHWOOD INDUSTRIES LIMITED (REGISTERED NUMBER: 06461209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Beechwood Industries 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.

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 2018, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 20% on cost, 20% on reducing balance and 10% on cost

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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

BEECHWOOD INDUSTRIES LIMITED (REGISTERED NUMBER: 06461209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2022 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 25,000
AMORTISATION
At 1 January 2023 20,417
Amortisation for year 4,583
At 31 December 2023 25,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 4,583

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,842,272
Additions 114,370
Disposals (107,481 )
At 31 December 2023 1,849,161
DEPRECIATION
At 1 January 2023 715,280
Charge for year 124,288
Eliminated on disposal (61,773 )
At 31 December 2023 777,795
NET BOOK VALUE
At 31 December 2023 1,071,366
At 31 December 2022 1,126,992

BEECHWOOD INDUSTRIES LIMITED (REGISTERED NUMBER: 06461209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023 427,986
Additions 25,385
Disposals (55,380 )
Transfer to ownership (30,099 )
At 31 December 2023 367,892
DEPRECIATION
At 1 January 2023 205,644
Charge for year 43,737
Eliminated on disposal (26,341 )
Transfer to ownership (21,222 )
At 31 December 2023 201,818
NET BOOK VALUE
At 31 December 2023 166,074
At 31 December 2022 222,342

6. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts 106,805 205,246

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Director, Mr A C Halford has made unsecured interest free loans to the company, with no fixed repayment date. The year end balance was £47,571 (2021 : £42,549).