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REGISTERED NUMBER: 07404885 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 OCTOBER 2022 TO 31 OCTOBER 2023

FOR

BEACH & SONS LIMITED

BEACH & SONS LIMITED (REGISTERED NUMBER: 07404885)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 31 October 2022 to 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEACH & SONS LIMITED

COMPANY INFORMATION
for the Period 31 October 2022 to 31 October 2023







DIRECTOR: W Beach





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 07404885 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

BEACH & SONS LIMITED (REGISTERED NUMBER: 07404885)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 4,624 5,656
Cash at bank 2,928 5,090
7,552 10,746
CREDITORS
Amounts falling due within one year 5 6,476 4,885
NET CURRENT ASSETS 1,076 5,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,076

5,861

CREDITORS
Amounts falling due after more than one year 6 2,420 3,842
NET (LIABILITIES)/ASSETS (1,344 ) 2,019

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings (1,356 ) 2,007
SHAREHOLDERS' FUNDS (1,344 ) 2,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BEACH & SONS LIMITED (REGISTERED NUMBER: 07404885)

BALANCE SHEET - continued
31 October 2023


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 director and authorised for issue on 30 October 2024 and were signed by:





W Beach - Director


BEACH & SONS LIMITED (REGISTERED NUMBER: 07404885)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 31 October 2022 to 31 October 2023


1. STATUTORY INFORMATION

Beach & Sons Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office at Beckside Court, Annie Reed Road, Beverley, HU17 0LF and principal place of business at 4 Perivale Close, Salthouse Road, Hull, HU8 0AA.

The principal activity of the company is general building work.

The presentational currency of the financial statements is 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Taxation
Taxation for the period 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.


BEACH & SONS LIMITED (REGISTERED NUMBER: 07404885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 31 October 2022 to 31 October 2023


2. ACCOUNTING POLICIES - continued
Taxation
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,080
Amounts owed by associates 3,837 4,576
Deferred tax asset 787 -
4,624 5,656

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 7) 1,411 1,376
Trade creditors 480 -
Tax - 557
Social security and other taxes 750 750
Credit card 2,060 1,001
Directors' current accounts 485 56
Accrued expenses 1,290 1,145
6,476 4,885

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 7) 2,420 3,842

BEACH & SONS LIMITED (REGISTERED NUMBER: 07404885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 31 October 2022 to 31 October 2023


7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,411 1,376

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,420 1,411

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,431

The company took out a loan of £7,000 in 2021 through the government Bounce Back Loan support scheme.

The loan was interest free for the first 12 months and then carries an interest rate of 2.5% . Repayments commenced during the previous year and will continue for a further 44 months.

8. RELATED PARTY TRANSACTIONS

Included in other creditors is a loan from the director to the company. The balance outstanding as at 31/10/2023 is £484 (2022: £56).

The loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.