IRIS Accounts Production v24.3.0.553 12085026 Board of Directors 31.10.23 1.11.22 31.10.23 31.10.23 a holding company. true true false true true false false false true false Ordinary 0 A Ordinary 0 B Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure120850262022-10-31120850262023-10-31120850262022-11-012023-10-31120850262021-10-31120850262021-11-012022-10-31120850262022-10-3112085026ns16:EnglandWales2022-11-012023-10-3112085026ns15:PoundSterling2022-11-012023-10-3112085026ns11:Director12022-11-012023-10-3112085026ns11:Consolidated2023-10-3112085026ns11:ConsolidatedGroupCompanyAccounts2022-11-012023-10-3112085026ns11:PrivateLimitedCompanyLtd2022-11-012023-10-3112085026ns11:FRS102ns11:Consolidated2022-11-012023-10-3112085026ns11:Auditedns11:Consolidated2022-11-012023-10-3112085026ns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-11-012023-10-3112085026ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-11-012023-10-3112085026ns11:Consolidatedns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-11-012023-10-3112085026ns11:LargeMedium-sizedCompaniesRegimeForAccountsns11:Consolidated2022-11-012023-10-3112085026ns11:FullAccounts2022-11-012023-10-311208502612022-11-012023-10-3112085026ns11:OrdinaryShareClass12022-11-012023-10-3112085026ns11:OrdinaryShareClass22022-11-012023-10-3112085026ns11:OrdinaryShareClass32022-11-012023-10-3112085026ns11:Consolidated2022-11-012023-10-3112085026ns11:Director22022-11-012023-10-3112085026ns11:Director32022-11-012023-10-3112085026ns11:Director42022-11-012023-10-3112085026ns11:RegisteredOffice2022-11-012023-10-3112085026ns11:Consolidated2021-11-012022-10-3112085026ns6:CurrentFinancialInstruments2023-10-3112085026ns6:CurrentFinancialInstruments2022-10-3112085026ns6:ShareCapital2023-10-3112085026ns6:ShareCapital2022-10-3112085026ns6:RetainedEarningsAccumulatedLosses2023-10-3112085026ns6:RetainedEarningsAccumulatedLosses2022-10-3112085026ns6:ShareCapital2021-10-3112085026ns6:RetainedEarningsAccumulatedLosses2021-10-3112085026ns6:ShareCapital2021-11-012022-10-3112085026ns6:RetainedEarningsAccumulatedLosses2021-11-012022-10-3112085026ns6:RetainedEarningsAccumulatedLosses2022-11-012023-10-3112085026ns6:NetGoodwill2022-11-012023-10-3112085026ns6:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3112085026ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-11-012023-10-3112085026ns6:PlantMachinery2022-11-012023-10-3112085026ns6:FurnitureFittings2022-11-012023-10-3112085026ns6:MotorVehicles2022-11-012023-10-3112085026ns6:ComputerEquipment2022-11-012023-10-3112085026ns6:CostValuation2022-10-3112085026ns6:DisposalsRepaymentsInvestments2023-10-3112085026ns6:CostValuation2023-10-3112085026ns6:WithinOneYearns6:CurrentFinancialInstruments2023-10-3112085026ns6:WithinOneYearns6:CurrentFinancialInstruments2022-10-3112085026ns11:OrdinaryShareClass12023-10-3112085026ns11:OrdinaryShareClass22023-10-3112085026ns11:OrdinaryShareClass32023-10-3112085026ns6:RetainedEarningsAccumulatedLosses2022-10-31
REGISTERED NUMBER: 12085026 (England and Wales)














BEACON INTERNATIONAL HOLDINGS LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


BEACON INTERNATIONAL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: J C Goodhind
Mrs R A Goodhind
A R Lewis-Thomas
D Black





REGISTERED OFFICE: Beauchamp House
402-403 Stourport Road
Kidderminster
Worcestershire
DY11 7BG





REGISTERED NUMBER: 12085026 (England and Wales)





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

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31ST OCTOBER 2023

The directors present their strategic report of the company and the group 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 2022 and the position of the group at the end of the year. The intention is to portray a balanced and comprehensive summary of the development and performance of the group 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 UK sites based in Desborough, Bristol, London and Leeds, and three sites in New Zealand.

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

Turnover of £15,382,707

Operating profit of £1,667,391

PRINCIPAL RISKS AND UNCERTAINTIES
The main risk and uncertainty for the business is varying currency rates and material prices.

The Directors' keep close control of material ordering and timing of cashflow to mitigate currency loss.

ON BEHALF OF THE BOARD:





J C Goodhind - Director


28th October 2024

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

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

DIVIDENDS
Interim dividends per share were paid as follows:
Ordinary £0.01 shares £5.0452 - 31st October 2023
A Ordinary £0.01 shares £4.7685 - 31st October 2023
B Ordinary £0.01 shares £29.8712 - 31st October 2023


The directors recommend that no final dividends be paid.

The total distribution of dividends for the year ended 31st October 2023 will be £ 174,000 .

The following interim dividends were paid during the year:

£
Ordinary shares 80,400
Ordinary A shares 24,000
Ordinary B shares 69,600

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
Mrs R A Goodhind
A R Lewis-Thomas
D Black

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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 HOLDINGS LIMITED

Qualified opinion
We have audited the financial statements of Beacon International Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st October 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:
- give a true and fair view of the state of the group's and of the parent company affairs as at 31st October 2023 and of the group's 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 qualified opinion
One of the Company's subsidiaries is based in New Zealand. The New Zealand company, Beacon Safety Limited, did not have its accounts for the year ended 31 October 2022 audited. As a result of this the New Zealand auditors were unable to satisfy themselves by alternative means concerning the opening balances at 31 October 2022. In addition, there was no audited stock take attendance in New Zealand as the auditor was appointed after the balance sheet date. Consequently we were unable to determine whether any adjustments in this respect were necessary.

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 group 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 qualified 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 group's and the parent 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 Group 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.

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


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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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


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.

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.

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 HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2023

2023 2022
Notes £ £ £ £

TURNOVER 15,382,707 13,433,889

Cost of sales 9,450,022 8,667,872
GROSS PROFIT 5,932,685 4,766,017

Administrative expenses 4,278,417 3,888,737
1,654,268 877,280

Other operating income 7,800 7,800
OPERATING PROFIT 4 1,662,068 885,080

Income from shares in group undertakings - 175,000
Interest receivable and similar income 1,070 34
1,070 175,034
1,663,138 1,060,114
Amounts written off investments 5 10 -
1,663,128 1,060,114

Interest payable and similar expenses 6 45,990 46,671
PROFIT BEFORE TAXATION 1,617,138 1,013,443

Tax on profit 7 457,863 244,892
PROFIT FOR THE FINANCIAL YEAR 1,159,275 768,551
Profit attributable to:
Owners of the parent 1,129,019 741,476
Non-controlling interests 30,256 27,075
1,159,275 768,551

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST OCTOBER 2023

2023 2022
Notes £ £

PROFIT FOR THE YEAR 1,159,275 768,551


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,159,275

768,551

Total comprehensive income attributable to:
Owners of the parent 1,087,977 741,475
Non-controlling interests 71,298 27,076
1,159,275 768,551

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

CONSOLIDATED BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 10 828,216 848,107
Tangible assets 11 1,361,666 1,310,776
Investments 12 40,000 50,114
2,229,882 2,208,997

CURRENT ASSETS
Stocks 13 3,922,517 4,184,583
Debtors 14 3,278,541 3,214,996
Cash at bank and in hand 2,134,096 762,951
9,335,154 8,162,530
CREDITORS
Amounts falling due within one year 15 2,438,679 2,354,794
NET CURRENT ASSETS 6,896,475 5,807,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,126,357

8,016,733

CREDITORS
Amounts falling due after more than one
year

16

(779,938

)

(916,564

)

PROVISIONS FOR LIABILITIES 19 (81,105 ) (50,156 )
NET ASSETS 8,265,314 7,050,013

CAPITAL AND RESERVES
Called up share capital 20 218 323
Retained earnings 21 8,193,798 7,008,648
SHAREHOLDERS' FUNDS 8,194,016 7,008,971

NON-CONTROLLING INTERESTS 71,298 41,042
TOTAL EQUITY 8,265,314 7,050,013

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 HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

COMPANY BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 - -
Investments 12 105 114
105 114

CURRENT ASSETS
Debtors 14 2,105,028 2,123,006
Cash at bank and in hand 19,508 16,148
2,124,536 2,139,154
CREDITORS
Amounts falling due within one year 15 1,683,754 1,772,223
NET CURRENT ASSETS 440,782 366,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,887

367,045

CAPITAL AND RESERVES
Called up share capital 20 218 218
Retained earnings 21 440,669 366,827
SHAREHOLDERS' FUNDS 440,887 367,045

Company's profit for the financial year 247,842 353,098

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 HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

Called up
share Retained Non-controlling Total
capital earnings Total interests equity
£ £ £ £ £
Balance at 1st November 2021 - 6,394,172 6,394,172 13,966 6,408,138

Changes in equity
Issue of share capital 323 - 323 - 323
Dividends - (127,000 ) (127,000 ) - (127,000 )
Total comprehensive income - 741,476 741,476 27,076 768,552
Balance at 31st October 2022 323 7,008,648 7,008,971 41,042 7,050,013

Changes in equity
Issue of share capital (105 ) - (105 ) - (105 )
Dividends - (174,000 ) (174,000 ) - (174,000 )
Total comprehensive income - 1,359,150 1,359,150 71,298 1,430,448
Balance at 31st October 2023 218 8,193,798 8,194,016 112,340 8,306,356

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

COMPANY 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 - 140,729 140,729

Changes in equity
Issue of share capital 218 - 218
Dividends - (127,000 ) (127,000 )
Total comprehensive income - 353,098 353,098
Balance at 31st October 2022 218 366,827 367,045

Changes in equity
Dividends - (174,000 ) (174,000 )
Total comprehensive income - 247,842 247,842
Balance at 31st October 2023 218 440,669 440,887

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2023

2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 2,132,492 995,864
Interest paid (40,694 ) (39,515 )
Interest element of hire purchase payments
paid

(5,296

)

(7,156

)
Tax paid (346,621 ) (8,165 )
Net cash from operating activities 1,739,881 941,028

Cash flows from investing activities
Purchase of tangible fixed assets (280,429 ) (139,286 )
Purchase of fixed asset investments - (165,762 )
Sale of tangible fixed assets 128,495 206
Interest received 1,070 34
Dividends received - 175,000
Net cash from investing activities (150,864 ) (129,808 )

Cash flows from financing activities
Capital repayments in year (43,760 ) 78,034
Amount withdrawn by directors (112 ) 374
Share issue - 323
Equity dividends paid (174,000 ) (127,000 )
Net cash from financing activities (217,872 ) (48,269 )

Increase in cash and cash equivalents 1,371,145 762,951
Cash and cash equivalents at beginning of
year

2

762,951

-

Cash and cash equivalents at end of year 2 2,134,096 762,951

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

NOTES TO THE CONSOLIDATED 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 1,617,138 1,013,443
Depreciation charges 276,839 232,377
Loss/(profit) on disposal of fixed assets 9,420 (206 )
Loss on revaluation of fixed assets - 115,762
Exchange differences (40,733 ) -
Finance costs 45,990 46,671
Finance income (1,070 ) (175,034 )
1,907,584 1,233,013
Decrease/(increase) in stocks 262,066 (1,252,005 )
Increase in trade and other debtors (63,545 ) (580,513 )
Increase in trade and other creditors 26,387 1,595,369
Cash generated from operations 2,132,492 995,864

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 2,134,096 762,951
Year ended 31st October 2022
31/10/22 1/11/21
£ £
Cash and cash equivalents 762,951 -


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 762,951 1,371,145 2,134,096
762,951 1,371,145 2,134,096
Debt
Finance leases (78,034 ) 43,760 (34,274 )
Debts falling due within 1 year (204,361 ) 3,864 (200,497 )
Debts falling due after 1 year (882,290 ) 111,685 (770,605 )
(1,164,685 ) 159,309 (1,005,376 )
Total (401,734 ) 1,530,454 1,128,720

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

1. STATUTORY INFORMATION

Beacon International Holdings 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 General 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" 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 2021, 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 3 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 Consolidated 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 HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

NOTES TO THE CONSOLIDATED 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.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2023 2022
£ £
Wages and salaries 2,174,872 1,880,571
Social security costs 148,271 132,292
Other pension costs 47,187 56,235
2,370,330 2,069,098

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

Administration 19 16
Production 92 58
111 74

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

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

4. 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
Loss/(profit) on disposal of fixed assets 9,420 (206 )
Goodwill amortisation 49,604 50,623
Computer software amortisation 562 1,228
Auditors' remuneration 11,940 2,540
Foreign exchange differences (99,277 ) (28,222 )

5. AMOUNTS WRITTEN OFF INVESTMENTS
2023 2022
£ £
Amounts written off investment 10 -

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£ £
Bank interest - 3,167
Bank loan interest 40,694 36,348
Hire purchase 5,296 7,156
45,990 46,671

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 418,749 237,119
Under/over provision in
respect of prior year 8,165 -
Total current tax 426,914 237,119

Deferred tax 30,949 7,773
Tax on profit 457,863 244,892

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

9. DIVIDENDS
2023 2022
£ £
Ordinary shares of £0.01 each
Interim 80,400 60,600
A Ordinary shares of £0.01 each
Interim 69,600 31,000
B Ordinary shares of £0.01 each
Interim 24,000 35,400
174,000 127,000

10. INTANGIBLE FIXED ASSETS

Group
Computer
Goodwill software Totals
£ £ £
COST
At 1st November 2022 1,037,676 37,666 1,075,342
Exchange differences 29,404 871 30,275
At 31st October 2023 1,067,080 38,537 1,105,617
AMORTISATION
At 1st November 2022 216,373 10,862 227,235
Amortisation for year 49,604 562 50,166
At 31st October 2023 265,977 11,424 277,401
NET BOOK VALUE
At 31st October 2023 801,103 27,113 828,216
At 31st October 2022 821,303 26,804 848,107

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

11. TANGIBLE FIXED ASSETS

Group
Freehold Improvements Plant and
property to property machinery
£ £ £
COST
At 1st November 2022 703,255 11,834 434,215
Additions - 2,013 115,359
Disposals - (1,157 ) (119,102 )
Exchange differences - 123 123,884
At 31st October 2023 703,255 12,813 554,356
DEPRECIATION
At 1st November 2022 67,272 1,370 150,322
Charge for year 14,065 1,370 13,963
Exchange differences - - 59,017
At 31st October 2023 81,337 2,740 223,302
NET BOOK VALUE
At 31st October 2023 621,918 10,073 331,054
At 31st October 2022 635,983 10,464 283,893

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1st November 2022 29,862 563,189 210,483 1,952,838
Additions 8,855 152,458 1,744 280,429
Disposals - (17,233 ) (423 ) (137,915 )
Exchange differences - 1,088 6,517 131,612
At 31st October 2023 38,717 699,502 218,321 2,226,964
DEPRECIATION
At 1st November 2022 21,763 367,180 34,155 642,062
Charge for year 3,392 84,226 1,415 118,431
Exchange differences - 35,354 10,434 104,805
At 31st October 2023 25,155 486,760 46,004 865,298
NET BOOK VALUE
At 31st October 2023 13,562 212,742 172,317 1,361,666
At 31st October 2022 8,099 196,009 176,328 1,310,776

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

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

12. FIXED ASSET INVESTMENTS

Group
Shares in
group
undertakings
£
COST
At 1st November 2022 50,114
Disposals (10 )
Exchange differences (10,104 )
At 31st October 2023 40,000
NET BOOK VALUE
At 31st October 2023 40,000
At 31st October 2022 50,114
Company
Shares in
group
undertakings
£
COST
At 1st November 2022 114
Disposals (9 )
At 31st October 2023 105
NET BOOK VALUE
At 31st October 2023 105
At 31st October 2022 114


13. STOCKS

Group
2023 2022
£ £
Stocks 3,922,517 4,184,583

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£ £ £ £
Trade debtors 2,921,608 2,762,520 - -
Amounts owed by group undertakings - - 2,105,028 2,123,006
Other debtors 49,149 92,677 - -
Prepayments 307,784 359,799 - -
3,278,541 3,214,996 2,105,028 2,123,006

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£ £ £ £
Bank loans and overdrafts (see note 17) 200,497 204,361 - -
Hire purchase contracts (see note 18) 24,941 43,760 - -
Trade creditors 1,620,923 1,452,564 - -
Amounts owed to group undertakings - - 1,683,380 1,711,849
Tax 309,247 228,954 - -
Social security and other taxes 48,232 37,371 - -
VAT 36,828 29,564 - -
Other creditors 27,465 134,796 - 60,000
Directors' current accounts 22,726 22,838 374 374
Accrued expenses 147,820 200,586 - -
2,438,679 2,354,794 1,683,754 1,772,223

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2023 2022
£ £
Bank loans (see note 17) 770,605 882,290
Hire purchase contracts (see note 18) 9,333 34,274
779,938 916,564

17. LOANS

An analysis of the maturity of loans is given below:

Group
2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 200,497 204,361
Amounts falling due between one and two years:
Bank loans - 1-2 years 173,647 139,397
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 yr by instal 371,493 422,963

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
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

19. PROVISIONS FOR LIABILITIES

Group
2023 2022
£ £
Deferred tax 81,105 50,156

Group
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: £ £
15,936 Ordinary £0.01 159 235
5,033 A Ordinary £0.01 50 74
928 B Ordinary £0.01 9 14
218 323

21. RESERVES

Group
Retained
earnings
£

At 1st November 2022 7,008,648
Profit for the year 1,129,019
Dividends (174,000 )
Exchange differences 230,131
At 31st October 2023 8,193,798

BEACON INTERNATIONAL HOLDINGS LIMITED (REGISTERED NUMBER: 12085026)

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

21. RESERVES - continued

Company
Retained
earnings
£

At 1st November 2022 366,827
Profit for the year 247,842
Dividends (174,000 )
At 31st October 2023 440,669