Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03971925 2023-04-01 2024-03-31 03971925 2022-04-01 2023-03-31 03971925 2024-03-31 03971925 2023-03-31 03971925 c:Director1 2023-04-01 2024-03-31 03971925 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 03971925 d:Buildings d:LongLeaseholdAssets 2024-03-31 03971925 d:Buildings d:LongLeaseholdAssets 2023-03-31 03971925 d:PlantMachinery 2023-04-01 2024-03-31 03971925 d:PlantMachinery 2024-03-31 03971925 d:PlantMachinery 2023-03-31 03971925 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03971925 d:MotorVehicles 2023-04-01 2024-03-31 03971925 d:MotorVehicles 2024-03-31 03971925 d:MotorVehicles 2023-03-31 03971925 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03971925 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 03971925 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03971925 d:CurrentFinancialInstruments 2024-03-31 03971925 d:CurrentFinancialInstruments 2023-03-31 03971925 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03971925 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03971925 d:ShareCapital 2024-03-31 03971925 d:ShareCapital 2023-03-31 03971925 d:RetainedEarningsAccumulatedLosses 2024-03-31 03971925 d:RetainedEarningsAccumulatedLosses 2023-03-31 03971925 c:FRS102 2023-04-01 2024-03-31 03971925 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03971925 c:FullAccounts 2023-04-01 2024-03-31 03971925 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03971925 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03971925










BEECHWOOD & CO SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BEECHWOOD & CO SERVICES LIMITED
REGISTERED NUMBER: 03971925

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,772
53,717

  
48,772
53,717

Current assets
  

Stocks
  
-
14,860

Debtors: amounts falling due within one year
 5 
9,091
9,757

Cash at bank and in hand
  
6,811
11,618

  
15,902
36,235

Creditors: amounts falling due within one year
 6 
(155,031)
(147,667)

Net current liabilities
  
 
 
(139,129)
 
 
(111,432)

Total assets less current liabilities
  
(90,357)
(57,715)

  

Net liabilities
  
(90,357)
(57,715)


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
(90,657)
(58,015)

  
(90,357)
(57,715)


Page 1

 
BEECHWOOD & CO SERVICES LIMITED
REGISTERED NUMBER: 03971925
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
P D Ruffle
Director

Date: 8 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BEECHWOOD & CO SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company, which was incorporated and registered in England and Wales (registered number is 03971925), is a privately owned Company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

There were net liabilities of £90,357 at the year end (2023: £57,715). The company is dependent on the continuing support of its directors and shareholders who have confirmed that they will continue to support the company and settle its debts as they fall due.  The directors therefore consider the company to be a going concern and the financial statements have been prepared on that basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
BEECHWOOD & CO SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5%
straight line
Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
reducing balance
Excavator
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
BEECHWOOD & CO SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
BEECHWOOD & CO SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
BEECHWOOD & CO SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 April 2023
50,000
31,842
2,250
84,092


Additions
-
1,245
-
1,245



At 31 March 2024

50,000
33,087
2,250
85,337



Depreciation


At 1 April 2023
15,000
13,659
1,716
30,375


Charge for the year on owned assets
2,500
3,557
133
6,190



At 31 March 2024

17,500
17,216
1,849
36,565



Net book value



At 31 March 2024
32,500
15,871
401
48,772



At 31 March 2023
35,000
18,183
534
53,717




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
32,500
35,000


Page 7

 
BEECHWOOD & CO SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
8,133
8,098

Other debtors
824
9

Prepayments and accrued income
134
1,650

9,091
9,757



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,949
6,604

Other creditors
147,127
136,603

Accruals and deferred income
3,955
4,460

155,031
147,667


 
Page 8