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REGISTERED NUMBER: 07553864 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Beesley Fabrication & Welding Services
Limited

Beesley Fabrication & Welding Services
Limited (Registered number: 07553864)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Beesley Fabrication & Welding Services
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A M Beesley
J M Beesley





REGISTERED OFFICE: The Paddyhouse, Duttons Farm
Moss Bridge Lane
Lathom
Ormskirk
Lancashire
L40 4BE





REGISTERED NUMBER: 07553864 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

Beesley Fabrication & Welding Services
Limited (Registered number: 07553864)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 530,234 318,265

CURRENT ASSETS
Stocks 1,250 1,250
Debtors 5 601,827 526,848
Cash at bank 144,896 291,621
747,973 819,719
CREDITORS
Amounts falling due within one year 6 358,262 431,025
NET CURRENT ASSETS 389,711 388,694
TOTAL ASSETS LESS CURRENT LIABILITIES 919,945 706,959

CREDITORS
Amounts falling due after more than one year 7 146,341 100,774
NET ASSETS 773,604 606,185

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 773,503 606,084
SHAREHOLDERS' FUNDS 773,604 606,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 2 October 2024 and were signed on its behalf by:





A M Beesley - Director


Beesley Fabrication & Welding Services
Limited (Registered number: 07553864)

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

1. STATUTORY INFORMATION

Beesley Fabrication & Welding Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

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
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 year 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.

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 7 (2023 - 8 ) .

Beesley Fabrication & Welding Services
Limited (Registered number: 07553864)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 629,973
Additions 297,804
At 31 March 2024 927,777
DEPRECIATION
At 1 April 2023 311,708
Charge for year 85,835
At 31 March 2024 397,543
NET BOOK VALUE
At 31 March 2024 530,234
At 31 March 2023 318,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 354,487 152,524
Other debtors 247,340 374,324
601,827 526,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 47,033 47,033
Hire purchase contracts 97,650 -
Trade creditors 9,437 5,457
Taxation and social security 90,442 168,192
Other creditors 113,700 210,343
358,262 431,025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 56,828 100,774
Hire purchase contracts 89,513 -
146,341 100,774

Beesley Fabrication & Welding Services
Limited (Registered number: 07553864)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A M Beesley and J M Beesley
Balance outstanding at start of year 197,891 (277,276 )
Amounts advanced 466,542 1,565,657
Amounts repaid (603,942 ) (1,090,490 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,491 197,891