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REGISTERED NUMBER: 01847014 (England and Wales)






















Financial Statements

for the Year Ended 31 May 2024

for

Beka Associates Limited

Beka Associates Limited (Registered number: 01847014)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Beka Associates Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C J Burkitt
Ms J A Drewell
D J Turner
Mrs E L Rookwood
O Lebreton





SECRETARY: Mrs E L Rookwood





REGISTERED OFFICE: Old Charlton Road
Hitchin
Hertfordshire
SG5 2DA





REGISTERED NUMBER: 01847014 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Beka Associates Limited (Registered number: 01847014)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,787 192,046

CURRENT ASSETS
Stocks 5 787,817 779,299
Debtors 6 1,016,398 855,272
Cash at bank and in hand 3,218,129 2,947,762
5,022,344 4,582,333
CREDITORS
Amounts falling due within one year 7 274,398 274,957
NET CURRENT ASSETS 4,747,946 4,307,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,948,733

4,499,422

CAPITAL AND RESERVES
Called up share capital 9 3,864 3,864
Capital redemption reserve 10 1,134 1,134
Retained earnings 10 4,943,735 4,494,424
SHAREHOLDERS' FUNDS 4,948,733 4,499,422

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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





C J Burkitt - Director


Beka Associates Limited (Registered number: 01847014)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Beka Associates 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.

Turnover is recognised on the dispatch of the goods to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost and Over the period of the lease
Plant and machinery - 25% on cost and 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

The company capitalise all assets with a value of £500 or more. Items less than this are charged through the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 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 yearyear 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.

Beka Associates Limited (Registered number: 01847014)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currency transactions
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 315,092 516,513 17,847 86,341 935,793
Additions 28,235 25,328 - - 53,563
Disposals - (11,558 ) - (10,500 ) (22,058 )
Reclassification/transfer (219,318 ) (66,151 ) (3,098 ) (66,447 ) (355,014 )
At 31 May 2024 124,009 464,132 14,749 9,394 612,284
DEPRECIATION
At 1 June 2023 236,097 416,177 12,108 79,365 743,747
Charge for year 16,423 21,538 1,049 3,679 42,689
Eliminated on disposal - (9,625 ) - (10,300 ) (19,925 )
Reclassification/transfer (219,318 ) (66,999 ) (3,098 ) (65,599 ) (355,014 )
At 31 May 2024 33,202 361,091 10,059 7,145 411,497
NET BOOK VALUE
At 31 May 2024 90,807 103,041 4,690 2,249 200,787
At 31 May 2023 78,995 100,336 5,739 6,976 192,046

5. STOCKS
2024 2023
£    £   
Stocks 787,817 779,299

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 423,991 400,857
Other debtors 592,407 454,415
1,016,398 855,272

Beka Associates Limited (Registered number: 01847014)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 108,018 104,507
VAT - 4,922
Other creditors 40,233 41,439
Directors' current accounts 126,147 124,089
274,398 274,957

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 74,000 55,000
Between one and five years 246,667 220,000
In more than five years - 18,333
320,667 293,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,045 A Ordinary £1 3,045 3,045
375 C Ordinary £1 375 375
250 D Ordinary £1 250 250
194 E Ordinary £1 194 194
3,864 3,864

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2023 4,494,424 1,134 4,495,558
Profit for the year 500,803 500,803
Dividends (51,492 ) (51,492 )
At 31 May 2024 4,943,735 1,134 4,944,869

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Colcomb FCCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

12. RELATED PARTY DISCLOSURES

During the year the company paid rental and insurance costs totalling £81,252 (2023 : £70,803) to a director. At the year end there was £126,147 (2023 : £124,089) outstanding to directors.