Registered number
11097096
Beacon Apps Ltd
Unaudited Filleted Accounts
31 December 2023
Beacon Apps Ltd
Registered number: 11097096
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 33,323 25,899
Current assets
Debtors 4 99,699 58,591
Cash at bank and in hand 294,286 211,628
393,985 270,219
Creditors: amounts falling due within one year 5 (814,857) (471,661)
Net current liabilities (420,872) (201,442)
Net liabilities (387,549) (175,543)
Capital and reserves
Called up share capital 100 100
Profit and loss account (387,649) (175,643)
Shareholders' funds (387,549) (175,543)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Houghton
Director
Approved by the board on 24 September 2024
Beacon Apps Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover and deferred revenue
Turnover and deferred revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Deferred revenue refers to the amount of income received in advance for services that will be performed in the future.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer and office equipment 25% reducing balance
Bikes over 1 year
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 17 12
3 Tangible fixed assets
Computer Equipment Bikes Total
£ £ £
Cost
At 1 January 2023 43,928 1,901 45,829
Additions 19,161 - 19,161
Disposals - (1,901) (1,901)
At 31 December 2023 63,089 - 63,089
Depreciation
At 1 January 2023 18,660 1,270 19,930
Charge for the year 11,106 631 11,737
On disposals - (1,901) (1,901)
At 31 December 2023 29,766 - 29,766
Net book value
At 31 December 2023 33,323 - 33,323
At 31 December 2022 25,268 631 25,899
4 Debtors 2023 2022
£ £
Trade debtors 65,261 29,014
Other debtors 34,438 29,577
99,699 58,591
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 9,583 7,097
Taxation and social security costs 54,539 26,319
Deferred revenue 672,505 434,381
Other creditors 78,230 3,864
814,857 471,661
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 47,904 84,240
7 Other information
Beacon Apps Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11 Kingfisher Business Park
Arthur Street
Redditch
Worcestershire
B98 8LG
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