Registered number
12432602
Beazley & Beazley Creative Ltd
Filleted Accounts
31 January 2024
Beazley & Beazley Creative Ltd
Registered number: 12432602
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 60,844 72,225
Current assets
Debtors 4 5,760 22,902
Cash at bank and in hand 337 12,069
6,097 34,971
Creditors: amounts falling due within one year 5 (40,355) (44,549)
Net current liabilities (34,258) (9,578)
Total assets less current liabilities 26,586 62,647
Creditors: amounts falling due after more than one year 6 (11,739) (17,157)
Provisions for liabilities (7,283) (9,017)
Net assets 7,564 36,473
Capital and reserves
Called up share capital 2 2
Profit and loss account 7,562 36,471
Shareholders' funds 7,564 36,473
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 Benjamin Beazley
Director
Approved by the board on 9 October 2024
Beazley & Beazley Creative Ltd
Notes to the Accounts
for the year ended 31 January 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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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% straight line
Motor Vehicles 25% reducing balance
Office Equipment & IT 33% straight line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Office equipment and IT Total
£ £ £ £
Cost
At 1 February 2023 19,049 58,386 8,242 85,677
Additions 3,461 404 291 4,156
At 31 January 2024 22,510 58,790 8,533 89,833
Depreciation
At 1 February 2023 - 9,177 4,275 13,452
Charge for the year - 13,187 2,350 15,537
At 31 January 2024 - 22,364 6,625 28,989
Net book value
At 31 January 2024 22,510 36,426 1,908 60,844
At 31 January 2023 19,049 49,209 3,967 72,225
4 Debtors 2024 2023
£ £
Trade debtors 5,760 22,350
Other debtors - 552
5,760 22,902
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,418 5,418
Director's loan account 17,308 25,869
Taxation and social security costs 15,040 13,262
Other creditors 2,589 -
40,355 44,549
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 11,739 17,157
7 Other information
Beazley & Beazley Creative Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Osborne House Farm
Hawkshead Road
Potters Bar
Hertfordshire
EN6 1LX
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