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REGISTERED NUMBER: 03748721 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Beamshape Limited

Beamshape Limited (Registered number: 03748721)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beamshape Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs K A Smith
Mr A P Smith





SECRETARY: Mr A P Smith





REGISTERED OFFICE: 2b The Old Squash Club
Birley Moor Road
Sheffield
South Yorkshire
S12 2AU





REGISTERED NUMBER: 03748721 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Beamshape Limited (Registered number: 03748721)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 490,271 509,432
Investment property 5 500,000 500,000
990,271 1,009,432

CURRENT ASSETS
Stocks 6 21,444 19,649
Debtors 7 168,153 93,545
Cash at bank and in hand 77,814 31,174
267,411 144,368
CREDITORS
Amounts falling due within one year 8 216,311 196,683
NET CURRENT ASSETS/(LIABILITIES) 51,100 (52,315 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,041,371 957,117

CREDITORS
Amounts falling due after more than one
year

9

(145,579

)

(195,914

)

PROVISIONS FOR LIABILITIES (140,075 ) (144,865 )
NET ASSETS 755,717 616,338

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Revaluation reserve 203,049 203,049
Fair value reserve 233,390 233,390
Retained earnings 318,278 178,899
SHAREHOLDERS' FUNDS 755,717 616,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Beamshape Limited (Registered number: 03748721)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr A P Smith - Director


Beamshape Limited (Registered number: 03748721)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Beamshape 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance and 20% on reducing balance
Fixtures and fittings - 25% on reducing balance

Freehold property is shown at its most recent valuation. Any revaluation gains re recognised in other comprehensive income (unless they reverse a previous decrease that was recognised in profit or loss) and accumulated in the revaluation reserve adjusted for deferred tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Beamshape Limited (Registered number: 03748721)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
COST OR VALUATION
At 1 April 2023 435,000 208,420 28,465 4,152 676,037
Additions - 4,994 645 - 5,639
Disposals - (63,702 ) (16,972 ) - (80,674 )
At 31 March 2024 435,000 149,712 12,138 4,152 601,002
DEPRECIATION
At 1 April 2023 - 140,029 25,431 1,145 166,605
Charge for year - 17,177 858 752 18,787
Eliminated on disposal - (58,421 ) (16,240 ) - (74,661 )
At 31 March 2024 - 98,785 10,049 1,897 110,731
NET BOOK VALUE
At 31 March 2024 435,000 50,927 2,089 2,255 490,271
At 31 March 2023 435,000 68,391 3,034 3,007 509,432

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
Valuation in 2019 261,789 - - - 261,789
Cost 173,211 149,712 12,138 4,152 339,213
435,000 149,712 12,138 4,152 601,002

Beamshape Limited (Registered number: 03748721)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 173,211 173,211

Freehold property were valued on a fair value basis on 31 March 2024 by the directors .

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 500,000
NET BOOK VALUE
At 31 March 2024 500,000
At 31 March 2023 500,000

Fair value at 31 March 2024 is represented by:
£
Valuation in 2019 300,907
Cost 199,093
500,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 199,093 199,093

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. STOCKS
2024 2023
£ £
Stocks 21,444 19,649

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 45,151 13,934
Other debtors 121,342 78,002
Prepayments and accrued income 1,660 1,609
168,153 93,545

Beamshape Limited (Registered number: 03748721)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 69,694 57,789
Finance leases (see note 10) 7,713 6,784
Trade creditors 26,693 27,420
Tax 60,309 37,103
Social security and other taxes 9,638 13,628
Pensions creditor 2,345 1,934
VAT 33,087 38,989
Other creditors 104 -
Directors' current accounts 148 8,019
Accrued expenses 6,580 5,017
216,311 196,683

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans over 1 Year 38,568 74,321
CBILS Loan over 1 Year 17,539 52,083
Finance leases (see note 10) 9,209 15,226
Other creditors 80,263 54,284
145,579 195,914

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2024 2023
£ £
Net obligations repayable:
Within one year 7,713 6,784
Between one and five years 9,209 15,226
16,922 22,010

Non-cancellable
operating leases
2024 2023
£ £
Within one year 13,455 24,594
Between one and five years - 13,455
13,455 38,049

Beamshape Limited (Registered number: 03748721)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 125,801 184,193

The bank loan is secured by a fixed and floating charge over the company’s assets.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.