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REGISTERED NUMBER: 03129971 (England and Wales)














BEACON INTERNATIONAL LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


BEACON INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: J C Goodhind
D Black
Mrs S J Flint



SECRETARY: Mrs R A Goodhind



REGISTERED OFFICE: Elgee Works
Victoria Street
Desborough
Northamptonshire
NN14 2LX



REGISTERED NUMBER: 03129971 (England and Wales)



AUDITORS: Stour Accountants Limited
Chartered Certified Accountants and Statutory
Auditors
402-403 Stourport Road
Kidderminster
Worcestershire
DY11 7BG



BANKERS: Barclays plc
8 Market Place
Kettering
Northamptonshire
NN16 OAX

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

STRATEGIC REPORT
FOR THE YEAR ENDED 31ST OCTOBER 2023

The directors present their strategic report for the year ended 31st October 2023.

REVIEW OF BUSINESS
The directors are pleased to present the review of the business for the year ended 31st October 2023 and the position of the company at the end of the year. The intention is to portray a balanced and comprehensive summary of the development and performance of the company consistent with the size and relatively uncomplicated nature of the business against the background of any risks and uncertainties that may exist. In doing so, the directors have taken into account only such facts and circumstances of which they are aware at the date of this report.

There has been no change in the principal activity.

The company operates out over four sites based in Desborough, Bristol, London and Leeds.

The key financial performance indicators of the company are turnover and operating profit.

Turnover of £11,251,259 (2022 - £9,849,168)

Operating profit of £1,425,637 (2022 - £761,933)

PRINCIPAL RISKS AND UNCERTAINTIES
The main risks and uncertainties for the business relate to materials shortages as well as exchange rate risks.

The company undertakes regular reviews of the principal risks and the business and wherever possible adopts strategies to minimise such risks

ON BEHALF OF THE BOARD:





J C Goodhind - Director


28th October 2024

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST OCTOBER 2023

The directors present their report with the financial statements of the company for the year ended 31st October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the sale of asbestos removal and ancillary equipment.

DIVIDENDS
An interim dividend of 32.8947 per share on the Ordinary 0.01 1p shares was paid on 30th November 2022. The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary A 1p shares. The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary B 1p shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31st October 2023 will be £ 250,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1st November 2022 to the date of this report.

J C Goodhind
D Black

Other changes in directors holding office are as follows:

Mrs S J Flint - appointed 19th September 2023

A R Lewis-Thomas ceased to be a director after 31st October 2023 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST OCTOBER 2023


AUDITORS
The auditors, Stour Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J C Goodhind - Director


28th October 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEACON INTERNATIONAL LIMITED

Opinion
We have audited the financial statements of Beacon International Limited (the 'company') for the year ended 31st October 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st October 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEACON INTERNATIONAL LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISA's (UK), we exercise professional judgment and maintain professional
scepticism throughout the audit. We also:
* Identify and assess the risks of material misstatement of the financial statements,whether due to fraud or error, design
and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal control.
* Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control.
* Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
* Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained,whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.
* Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEACON INTERNATIONAL LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




William David Chinn (Senior Statutory Auditor)
for and on behalf of Stour Accountants Limited
Chartered Certified Accountants and Statutory
Auditors
402-403 Stourport Road
Kidderminster
Worcestershire
DY11 7BG

28th October 2024

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2023

2023 2022
Notes £ £ £ £

TURNOVER 3 11,251,259 9,849,168

Cost of sales 6,846,354 6,320,685
GROSS PROFIT 4,404,905 3,528,483

Administrative expenses 2,992,950 2,867,850
1,411,955 660,633

Other operating income 170,710 101,300
OPERATING PROFIT 5 1,582,665 761,933

Income from shares in group undertakings - 175,000
Interest receivable and similar income 367 34
367 175,034
1,583,032 936,967

Interest payable and similar expenses 6 40,591 39,882
PROFIT BEFORE TAXATION 1,542,441 897,085

Tax on profit 7 384,202 171,768
PROFIT FOR THE FINANCIAL YEAR 1,158,239 725,317

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST OCTOBER 2023

2023 2022
Notes £ £

PROFIT FOR THE YEAR 1,158,239 725,317


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,158,239

725,317

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 9 856 6,668
Tangible assets 10 955,112 910,833
Investments 11 50,000 50,000
1,005,968 967,501

CURRENT ASSETS
Stocks 12 2,824,353 2,932,578
Debtors 13 4,607,828 4,978,562
Cash at bank and in hand 1,897,695 656,783
9,329,876 8,567,923
CREDITORS
Amounts falling due within one year 14 2,135,547 2,103,651
NET CURRENT ASSETS 7,194,329 6,464,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,200,297

7,431,773

CREDITORS
Amounts falling due after more than one
year

15

(745,900

)

(916,564

)

PROVISIONS FOR LIABILITIES 19 (81,105 ) (50,156 )
NET ASSETS 7,373,292 6,465,053

CAPITAL AND RESERVES
Called up share capital 20 105 105
Retained earnings 21 7,373,187 6,464,948
SHAREHOLDERS' FUNDS 7,373,292 6,465,053

The financial statements were approved by the Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:





J C Goodhind - Director


BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST OCTOBER 2023

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1st November 2021 105 6,092,831 6,092,936

Changes in equity
Dividends - (353,200 ) (353,200 )
Total comprehensive income - 725,317 725,317
Balance at 31st October 2022 105 6,464,948 6,465,053

Changes in equity
Dividends - (250,000 ) (250,000 )
Total comprehensive income - 1,158,239 1,158,239
Balance at 31st October 2023 105 7,373,187 7,373,292

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2023

2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 1,781,543 1,144,392
Interest paid (39,721 ) (36,348 )
Interest element of hire purchase payments
paid

(870

)

(3,534

)
Tax paid (220,290 ) (280,671 )
Net cash from operating activities 1,520,662 823,839

Cash flows from investing activities
Purchase of tangible fixed assets (162,710 ) (139,286 )
Purchase of fixed asset investments - (165,762 )
Interest received 367 34
Dividends received - 175,000
Net cash from investing activities (162,343 ) (130,014 )

Cash flows from financing activities
Loan repayments in year (137,915 ) (104,415 )
Capital repayments in year (43,760 ) (38,517 )
Amount withdrawn by directors (112 ) (1,755 )
Equity dividends paid (250,000 ) (353,200 )
Amounts owed by group 314,380 (274,550 )
Net cash from financing activities (117,407 ) (772,437 )

Increase/(decrease) in cash and cash equivalents 1,240,912 (78,612 )
Cash and cash equivalents at beginning of
year

2

656,783

735,395

Cash and cash equivalents at end of year 2 1,897,695 656,783

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2023 2022
£ £
Profit before taxation 1,542,441 897,085
Depreciation charges 124,242 109,156
Loss on revaluation of fixed assets - 115,762
Finance costs 40,591 39,882
Finance income (367 ) (175,034 )
1,706,907 986,851
Decrease/(increase) in stocks 108,225 (349,197 )
Decrease in trade and other debtors 24,413 207,412
(Decrease)/increase in trade and other creditors (58,002 ) 299,326
Cash generated from operations 1,781,543 1,144,392

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st October 2023
31/10/23 1/11/22
£ £
Cash and cash equivalents 1,897,695 656,783
Year ended 31st October 2022
31/10/22 1/11/21
£ £
Cash and cash equivalents 656,783 735,395


3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1/11/22 Cash flow At 31/10/23
£ £ £
Net cash
Cash at bank and in hand 656,783 1,240,912 1,897,695
656,783 1,240,912 1,897,695
Debt
Finance leases (78,034 ) 43,760 (34,274 )
Debts falling due within 1 year (131,589 ) (7,808 ) (139,397 )
Debts falling due after 1 year (882,290 ) 145,723 (736,567 )
(1,091,913 ) 181,675 (910,238 )
Total (435,130 ) 1,422,587 987,457

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Beacon International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2023 2022
£ £
United Kingdom sales 10,179,377 8,284,786
Export sales 1,071,882 1,564,382
11,251,259 9,849,168

4. EMPLOYEES AND DIRECTORS
2023 2022
£ £
Wages and salaries 1,579,245 1,397,348
Social security costs 148,271 132,292
Other pension costs 47,187 56,235
1,774,703 1,585,875

The average number of employees during the year was as follows:
2023 2022

Average number of employees 73 54

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. EMPLOYEES AND DIRECTORS - continued

2023 2022
£ £
Directors' remuneration 47,913 62,483
Directors' pension contributions to money purchase schemes - 12,000

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£ £
Depreciation - owned assets 101,606 65,641
Depreciation - assets on hire purchase contracts 16,825 33,287
Goodwill amortisation 5,250 9,000
Computer software amortisation 562 1,228
Auditors' remuneration 9,540 2,540
Foreign exchange differences (99,277 ) (53,903 )

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£ £
Bank loan interest 39,721 36,348
Hire purchase interest 870 3,534
40,591 39,882

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£ £
Current tax:
UK corporation tax 345,088 163,995
Under/over provision in
respect of prior year 8,165 -
Total current tax 353,253 163,995

Deferred tax 30,949 7,773
Tax on profit 384,202 171,768

8. DIVIDENDS
2023 2022
£ £
Ordinary 0.01 shares of 1p each
Interim 250,000 353,200

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

9. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£ £ £
COST
At 1st November 2022
and 31st October 2023 180,000 12,280 192,280
AMORTISATION
At 1st November 2022 174,750 10,862 185,612
Amortisation for year 5,250 562 5,812
At 31st October 2023 180,000 11,424 191,424
NET BOOK VALUE
At 31st October 2023 - 856 856
At 31st October 2022 5,250 1,418 6,668

10. TANGIBLE FIXED ASSETS
Freehold Improvements Plant and
property to property machinery
£ £ £
COST
At 1st November 2022 703,255 8,220 144,740
Additions - - 14,745
At 31st October 2023 703,255 8,220 159,485
DEPRECIATION
At 1st November 2022 67,272 1,370 89,676
Charge for year 14,065 1,370 13,963
At 31st October 2023 81,337 2,740 103,639
NET BOOK VALUE
At 31st October 2023 621,918 5,480 55,846
At 31st October 2022 635,983 6,850 55,064

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

10. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1st November 2022 29,862 531,445 20,417 1,437,939
Additions 8,855 139,110 - 162,710
At 31st October 2023 38,717 670,555 20,417 1,600,649
DEPRECIATION
At 1st November 2022 21,763 333,677 13,348 527,106
Charge for year 3,392 84,226 1,415 118,431
At 31st October 2023 25,155 417,903 14,763 645,537
NET BOOK VALUE
At 31st October 2023 13,562 252,652 5,654 955,112
At 31st October 2022 8,099 197,768 7,069 910,833

The net book value of tangible fixed assets includes £ 50,468 (2022 - £ 99,853 ) in respect of assets held under hire purchase contracts.

11. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1st November 2022
and 31st October 2023 50,000
NET BOOK VALUE
At 31st October 2023 50,000
At 31st October 2022 50,000

12. STOCKS
2023 2022
£ £
Stocks 2,824,353 2,932,578

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 2,349,812 2,419,686
Amounts owed by group undertakings 2,010,955 2,357,276
Other debtors 40,670 42,502
VAT 12,647 -
Prepayments 193,744 159,098
4,607,828 4,978,562

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 16) 139,397 131,589
Hire purchase contracts (see note 17) 24,941 43,760
Trade creditors 1,452,841 1,435,731
Amounts owed to group undertakings 26,092 58,034
Tax 288,793 155,830
Social security and other taxes 48,232 37,371
VAT - 14,132
Other creditors 27,465 33,023
Directors' current accounts 22,352 22,464
Accrued expenses 105,434 171,717
2,135,547 2,103,651

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans (see note 16) 736,567 882,290
Hire purchase contracts (see note 17) 9,333 34,274
745,900 916,564

16. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 139,397 131,589

Amounts falling due between one and two years:
Bank loans - 1-2 years 139,609 139,397

Amounts falling due between two and five years:
Bank loans - 2-5 years 225,465 319,930

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years by
installments 371,493 422,963
371,493 422,963

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

17. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£ £
Net obligations repayable:
Within one year 24,941 43,760
Between one and five years 9,333 34,274
34,274 78,034

18. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 875,964 1,013,879
Hire purchase contracts 34,274 78,034
910,238 1,091,913

The company's bank borrowings are secured by way of a charge over the freehold property held by the company.

Hire purchase contracts are secured on the asset covered by the agreement.

19. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 81,105 50,156

Deferred tax
£
Balance at 1st November 2022 50,156
Provided during year 30,949
Balance at 31st October 2023 81,105

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
7,600 Ordinary 0.01 1p 76 76
2,400 Ordinary A 1p 24 24
464 Ordinary B 1p 5 5
105 105

BEACON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03129971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

21. RESERVES
Retained
earnings
£

At 1st November 2022 6,464,948
Profit for the year 1,158,239
Dividends (250,000 )
At 31st October 2023 7,373,187

22. RELATED PARTY DISCLOSURES

Beacon International Limited is a wholly owned subsidiary of Beacon International Holdings Limited, during the year dividends of £250,000 (2022 £353,200) were paid to Beacon International Holdings Limited.

As at 31st October 2023 £1,623,380 (2022 £1,711,849) was due from Beacon International Holdings Limited.

AMS Management Limited is a wholly owned subsidiary of Beacon International Holdings Limited.

As at 31st October 2023 £26,092 (2022 £26,844) was due to AMS Management Limited.

During the year sales of £538,730 (2022 £780,212) were made to Beacon Safety Ltd, a fellow subsidiary of Beacon International Holdings Limited.

As at 31st October 2023 £387,575 (2022 £632,229) was owed by Beacon Safety Ltd to Beacon International Limited.

23. ULTIMATE CONTROL

The company is controlled by Beacon International Holdings Limited.