5 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-06-30 2023-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 00479955 2023-07-01 2024-06-30 00479955 2024-06-30 00479955 2023-06-30 00479955 2022-07-01 2023-06-30 00479955 2023-06-30 00479955 2022-06-30 00479955 bus:Director1 2023-07-01 2024-06-30 00479955 core:NetGoodwill 2024-06-30 00479955 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 00479955 core:PlantMachinery 2023-06-30 00479955 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 00479955 core:PlantMachinery 2024-06-30 00479955 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 00479955 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 00479955 core:WithinOneYear 2024-06-30 00479955 core:WithinOneYear 2023-06-30 00479955 core:AfterOneYear 2024-06-30 00479955 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00479955 core:PlantMachinery 2023-07-01 2024-06-30 00479955 core:ShareCapital 2024-06-30 00479955 core:ShareCapital 2023-06-30 00479955 core:RetainedEarningsAccumulatedLosses 2024-06-30 00479955 core:RetainedEarningsAccumulatedLosses 2023-06-30 00479955 core:ShareCapital 2022-06-30 00479955 core:RetainedEarningsAccumulatedLosses 2022-06-30 00479955 core:PreviouslyStatedAmount core:ShareCapital 2024-06-30 00479955 core:NetGoodwill 2023-06-30 00479955 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 00479955 core:Non-currentFinancialInstruments 2024-06-30 00479955 core:Non-currentFinancialInstruments 2023-06-30 00479955 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 00479955 core:PlantMachinery 2023-06-30 00479955 bus:SmallEntities 2023-07-01 2024-06-30 00479955 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00479955 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00479955 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00479955 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 00479955
G R Beeby & Son Limited
Financial statements
for the year ended 30th June 2024
.
G R Beeby & Son Limited
Balance sheet
30th June 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 13,870 13,870
Tangible assets 6 4,943,985 4,841,380
Investments 7 210,100 210,100
_______ _______
5,167,955 5,065,350
Current assets
Stocks 198,865 220,971
Debtors 8 40,741 41,857
Cash at bank and in hand 40,013 155,626
_______ _______
279,619 418,454
Creditors: amounts falling due
within one year 9 ( 186,222) ( 203,192)
_______ _______
Net current assets 93,397 215,262
_______ _______
Total assets less current liabilities 5,261,352 5,280,612
Creditors: amounts falling due
after more than one year 10 ( 104,924) -
Provisions for liabilities ( 543,926) ( 525,998)
_______ _______
Net assets 4,612,502 4,754,614
_______ _______
Capital and reserves
Called up share capital 3,000 3,000
Profit and loss account 4,609,502 4,751,614
_______ _______
Shareholders funds 4,612,502 4,754,614
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
Mr Richard John Beeby
Director
Company registration number: 00479955
G R Beeby & Son Limited
Statement of changes in equity
Year ended 30th June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1st July 2022 3,000 4,905,265 4,908,265
Loss for the year ( 131,151) ( 131,151)
_______ _______ _______
Total comprehensive income for the year - ( 131,151) ( 131,151)
Dividends paid and payable ( 22,500) ( 22,500)
_______ _______ _______
Total investments by and distributions to owners - ( 22,500) ( 22,500)
_______ _______ _______
At 30th June 2023 and 1st July 2023 3,000 4,751,614 4,754,614
Loss for the year ( 138,362) ( 138,362)
_______ _______ _______
Total comprehensive income for the year - ( 138,362) ( 138,362)
Dividends paid and payable ( 3,750) ( 3,750)
_______ _______ _______
Total investments by and distributions to owners - ( 3,750) ( 3,750)
_______ _______ _______
At 30th June 2024 3,000 4,609,502 4,612,502
_______ _______ _______
G R Beeby & Son Limited
Notes to the financial statements
Year ended 30th June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Suite 1 The Stables, 6 Church Street, St. Neots, PE19 2BU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Buildings - Written off over 10 years.
Plant and machinery - 20 to 33.33% straight line and reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1st July 2023 and 30th June 2024 13,870 13,870
_______ _______
Amortisation
At 1st July 2023 and 30th June 2024 - -
_______ _______
Carrying amount
At 30th June 2024 13,870 13,870
_______ _______
At 30th June 2023 13,870 13,870
_______ _______
6. Tangible assets
Freehold property Plant and machinery Total
£ £ £
Cost
At 1st July 2023 4,320,962 885,509 5,206,471
Additions 39,570 339,152 378,722
Disposals - ( 191,300) ( 191,300)
_______ _______ _______
At 30th June 2024 4,360,532 1,033,361 5,393,893
_______ _______ _______
Depreciation
At 1st July 2023 24,463 340,629 365,092
Charge for the year 32,619 90,973 123,592
Disposals - ( 38,776) ( 38,776)
_______ _______ _______
At 30th June 2024 57,082 392,826 449,908
_______ _______ _______
Carrying amount
At 30th June 2024 4,303,450 640,535 4,943,985
_______ _______ _______
At 30th June 2023 4,296,499 544,880 4,841,379
_______ _______ _______
7. Investments
Shares in group undertakings and participating interests Other loans Total
£ £ £
Cost
At 1st July 2023 and 30th June 2024 210,000 100 210,100
_______ _______ _______
Impairment
At 1st July 2023 and 30th June 2024 - - -
_______ _______ _______
Carrying amount
At 30th June 2024 210,000 100 210,100
_______ _______ _______
At 30th June 2023 210,000 100 210,100
_______ _______ _______
8. Debtors
2024 2023
£ £
Trade debtors 9,381 17,542
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,539 2,539
Other debtors 28,821 21,776
_______ _______
40,741 41,857
_______ _______
9. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 59,800 9,882
Social security and other taxes 900 -
Other creditors 125,522 193,310
_______ _______
186,222 203,192
_______ _______
10. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 104,924 -
_______ _______
11. Controlling party
Mr R J Beeby has a controlling interest in the shares of the Company.