Registered number
04302477
BEARDMORE & CO LIMITED
Filleted Accounts
5 April 2024
BEARDMORE & CO LIMITED
Registered number: 04302477
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 163,150 162,728
Investments 5 2,737,330 2,354,266
2,900,481 2,516,995
Current assets
Debtors 6 233,684 157,449
Cash at bank and in hand 183,780 357,375
417,464 514,824
Creditors: amounts falling due within one year 7 (178,598) (266,256)
Net current assets 238,866 248,568
Total assets less current liabilities 3,139,347 2,765,563
Provisions for liabilities (87,125) -
Net assets 3,052,222 2,765,563
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,052,122 2,765,463
Shareholders' funds 3,052,222 2,765,563
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.
Mr S E Beardmore
Director
Approved by the board on 4 October 2024
BEARDMORE & CO LIMITED
Notes to the Accounts
for the year ended 5 April 2024
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
Turnover represents the value, net of value added tax and discounts of commissions earned on the administering of financial advice.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 14
3 Intangible fixed assets £
Goodwill:
Cost
At 6 April 2023 105,000
At 5 April 2024 105,000
Amortisation
At 6 April 2023 104,999
At 5 April 2024 104,999
Net book value
At 5 April 2024 1
At 5 April 2023 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2023 377,730
Additions 46,729
At 5 April 2024 424,459
Depreciation
At 6 April 2023 215,002
Charge for the year 46,307
At 5 April 2024 261,309
Net book value
At 5 April 2024 163,150
At 5 April 2023 162,728
5 Investments
Other
investments
£
Cost
At 6 April 2023 2,354,266
Additions 21,759
Revaluation 361,305
At 5 April 2024 2,737,330
6 Debtors 2024 2023
£ £
Trade debtors 106,699 98,460
Prepayments 17,430 17,430
Directors Loan, S Beardmore (1) 41,559 41,559
Directors Loan, S Beardmore (2) 34,486 -
Directors Loan, N Beardmore 8,000 -
Directors Loan, C Beardmore 7,225 -
Directors Loan, A Beardmore 18,285 -
233,684 157,449
7 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 149,996 257,081
Accruals 10,000 9,000
Directors Loan, C Beardmore - 175
Directors Loan, R Beardmore 18,602 -
178,598 266,256
8 Related party transactions
MR S E BEARDMORE
Director
During the year the Company traded from premises owned by the Director, Mr S E Beardmore and there was no charge for the use of the premises.
9 Other information
BEARDMORE & CO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Basford House
29 Augusta Street
Llandudno
Conwy
LL30 2AE
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