Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05682871 Mr Paul Cummin Mrs Rachel Beeching Mrs Rachel Beeching iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05682871 2022-12-31 05682871 2023-12-31 05682871 2023-01-01 2023-12-31 05682871 frs-core:CurrentFinancialInstruments 2023-12-31 05682871 frs-core:Non-currentFinancialInstruments 2023-12-31 05682871 frs-core:ComputerEquipment 2023-12-31 05682871 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05682871 frs-core:ComputerEquipment 2022-12-31 05682871 frs-core:FurnitureFittings 2023-12-31 05682871 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05682871 frs-core:FurnitureFittings 2022-12-31 05682871 frs-core:MotorVehicles 2023-12-31 05682871 frs-core:MotorVehicles 2023-01-01 2023-12-31 05682871 frs-core:MotorVehicles 2022-12-31 05682871 frs-core:PlantMachinery 2023-12-31 05682871 frs-core:PlantMachinery 2023-01-01 2023-12-31 05682871 frs-core:PlantMachinery 2022-12-31 05682871 frs-core:ShareCapital 2023-12-31 05682871 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05682871 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05682871 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05682871 frs-bus:SmallEntities 2023-01-01 2023-12-31 05682871 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05682871 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05682871 frs-bus:Director1 2023-01-01 2023-12-31 05682871 frs-bus:Director2 2023-01-01 2023-12-31 05682871 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05682871 frs-countries:EnglandWales 2023-01-01 2023-12-31 05682871 2021-12-31 05682871 2022-12-31 05682871 2022-01-01 2022-12-31 05682871 frs-core:CurrentFinancialInstruments 2022-12-31 05682871 frs-core:Non-currentFinancialInstruments 2022-12-31 05682871 frs-core:ShareCapital 2022-12-31 05682871 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05682871
Beech Agency Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Pages Accountancy Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05682871
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93,794 18,700
93,794 18,700
CURRENT ASSETS
Debtors 5 26,839 9,838
Cash at bank and in hand 9,302 104,111
36,141 113,949
Creditors: Amounts Falling Due Within One Year 6 (79,468 ) (73,654 )
NET CURRENT ASSETS (LIABILITIES) (43,327 ) 40,295
TOTAL ASSETS LESS CURRENT LIABILITIES 50,467 58,995
Creditors: Amounts Falling Due After More Than One Year 7 (15,750 ) (24,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,774 ) (3,553 )
NET ASSETS 17,943 30,692
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 17,843 30,592
SHAREHOLDERS' FUNDS 17,943 30,692
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Rachel Beeching
Director
16/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Beech Agency Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05682871 . The registered office is 6 Bannister Green Villas, Felsted, Dunmow, Essex, CM6 3NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 - 85,096 35,871 6,277 127,244
Additions 55,770 43,550 265 1,500 101,085
As at 31 December 2023 55,770 128,646 36,136 7,777 228,329
Depreciation
As at 1 January 2023 - 85,095 20,687 2,762 108,544
Provided during the period 8,366 8,710 6,348 2,567 25,991
As at 31 December 2023 8,366 93,805 27,035 5,329 134,535
Net Book Value
As at 31 December 2023 47,404 34,841 9,101 2,448 93,794
As at 1 January 2023 - 1 15,184 3,515 18,700
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,712 9,263
Other debtors 16,127 575
26,839 9,838
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 9,000 9,000
Other creditors 69,623 37,982
Taxation and social security 845 26,672
79,468 73,654
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,750 24,750
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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