Company registration number 00795354 (England and Wales)
C.BEECH & SONS (NETHERTON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
C.BEECH & SONS (NETHERTON) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
4 - 10
C.BEECH & SONS (NETHERTON) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
792,722
821,088
Investment property
4
1,032,000
1,032,000
1,824,722
1,853,088
Current assets
Stocks
334,956
440,245
Debtors
5
628,509
641,446
Investments
6
74,827
98,793
Cash at bank and in hand
1,356,875
993,190
2,395,167
2,173,674
Creditors: amounts falling due within one year
7
(511,054)
(475,254)
Net current assets
1,884,113
1,698,420
Total assets less current liabilities
3,708,835
3,551,508
Provisions for liabilities
(5,498)
(5,498)
Net assets
3,703,337
3,546,010
Capital and reserves
Called up share capital
8
1,000
1,000
Revaluation reserve
9
690,338
720,956
Other reserves
2,500
2,500
Profit and loss reserves
3,009,499
2,821,554
Total equity
3,703,337
3,546,010

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

C.BEECH & SONS (NETHERTON) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 November 2024 and are signed on its behalf by:
Mr M C Beech
Director
Company registration number 00795354 (England and Wales)
C.BEECH & SONS (NETHERTON) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
Share capital
Revaluation reserve
Other reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 May 2022
1,000
758,690
2,500
2,500,676
3,262,866
Year ended 30 April 2023:
Profit and total comprehensive income
-
-
-
313,639
313,639
Dividends
-
-
-
(30,495)
(30,495)
Transfers
-
(37,734)
-
37,734
-
Balance at 30 April 2023
1,000
720,956
2,500
2,821,554
3,546,010
Year ended 30 April 2024:
Profit and total comprehensive income
-
-
-
197,467
197,467
Dividends
-
-
-
(40,140)
(40,140)
Transfers
-
(30,618)
-
30,618
-
Balance at 30 April 2024
1,000
690,338
2,500
3,009,499
3,703,337
C.BEECH & SONS (NETHERTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

C.Beech & Sons (Netherton) Limited is a private company limited by shares incorporated in England and Wales. The registered office is , Waterside Estate, Primrose Hill, Cradley Road, Netherton, Dudley, West Midlands,, United Kingdom, DY2 9RG.

 

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

 

The financial statements are rounded to the nearest £.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

1.2
Turnover

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

Turnover from the sales of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the cost incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

1.3
Tangible fixed assets

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

Freehold land and buildings
2% on cost
Plant and machinery
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance
Office equipment
15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Freehold property included land and buildings. Freehold land included within freehold property has not been depreciated.

 

Tangible fixed assets are stated under the historical cost less accumulated depreciation and any accumulated losses. Historical cost included expenditure that is directly attributable to bringing the asset to its location and condition necessary for it to be capable of operating.

 

The assets' residual values, useful live and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

C.BEECH & SONS (NETHERTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
1.4
Investment property

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

 

Investment property is carried at fair value determined annually by the directors using their knowledge of the current property market. No depreciation is provided on investment property.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula.

Net realisable value is based on estimated selling prices less any further costs expected to be incurred for completion and sale. Any impairment loss is recognised in the income statement.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

C.BEECH & SONS (NETHERTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 6 -
1.7
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

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 the tax assessments in periods different from those in which they are recognised in the 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.

1.8
Employee benefits

When employees have rendered services to the company, short term employee benefits to which the employees are entitled are recognised at the discounted amount expected to be paid in exchange for that service.

1.9
Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. It also makes employer contributions into staff personal pension schemes. All contributions payable for the year are charged in the income statement.

 

A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations.

 

Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plans are held separately from the company in independently administered funds.

1.10
Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

1.11

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses are recognised in the Statement of Comprehensive Income.

C.BEECH & SONS (NETHERTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
19
19
C.BEECH & SONS (NETHERTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
3
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Office equipment
Total
£
£
£
£
£
£
£
Cost or valuation
At 1 May 2023
969,999
357,672
51,085
12,516
336,316
61,536
1,789,124
Additions
-
0
6,700
3,675
-
0
-
0
-
0
10,375
At 30 April 2024
969,999
364,372
54,760
12,516
336,316
61,536
1,799,499
Depreciation and impairment
At 1 May 2023
267,720
317,050
50,548
12,516
259,096
61,106
968,036
Depreciation charged in the year
11,640
7,098
632
-
0
19,306
65
38,741
At 30 April 2024
279,360
324,148
51,180
12,516
278,402
61,171
1,006,777
Carrying amount
At 30 April 2024
690,639
40,224
3,580
-
0
57,914
365
792,722
At 30 April 2023
702,279
40,622
537
-
0
77,220
430
821,088
C.BEECH & SONS (NETHERTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 9 -

Freehold property was valued in July 2000 on an open market basis by an independent valuer at £969,999. This is the most recent valuation, and the company has elected to use this valuation as its deemed cost on transition. Historic cost was £567,367.

 

4
Investment property
2024
£
Fair value
At 1 May 2023 and 30 April 2024
1,032,000
Net book value
At 30 April 2023
1,032,000
At 30 April 2022
1,032,000

Investment properties were valued on a fair value basis on 30 April 2024 by the directors.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
484,667
528,156
Corporation tax recoverable
40,564
40,564
Other debtors
103,278
72,726
628,509
641,446
6
Current asset investments
2024
2023
£
£
Other investments
74,827
98,793
C.BEECH & SONS (NETHERTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 10 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
311,155
259,533
Corporation tax
79,413
86,128
Other taxation and social security
82,055
100,252
Other creditors
38,431
29,341
511,054
475,254
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
850
850
850
850
'A' ordinary of £1 each
150
150
150
150
1,000
1,000
1,000
1,000
9
Revaluation reserve
2024
2023
£
£
At the beginning of the year
720,956
758,690
Transfer to retained earnings
(30,618)
(37,734)
At the end of the year
690,338
720,956
10
Operating lease commitments

At 30th April 2024 the company has operating lease commitments totalling £2,853 (2023 £4,866).

2024-04-302023-05-01false21 November 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr M C BeechMr M A DarbyMr C G BeechMr S H BashfordMr M A Darbyfalsefalse007953542023-05-012024-04-30007953542024-04-30007953542023-04-3000795354core:LandBuildingscore:OwnedOrFreeholdAssets2024-04-3000795354core:PlantMachinery2024-04-3000795354core:FurnitureFittings2024-04-3000795354core:ComputerEquipment2024-04-3000795354core:MotorVehicles2024-04-3000795354core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-04-3000795354core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-3000795354core:PlantMachinery2023-04-3000795354core:FurnitureFittings2023-04-3000795354core:ComputerEquipment2023-04-3000795354core:MotorVehicles2023-04-3000795354core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-3000795354core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3000795354core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3000795354core:CurrentFinancialInstruments2024-04-3000795354core:CurrentFinancialInstruments2023-04-3000795354core:ShareCapital2024-04-3000795354core:ShareCapital2023-04-3000795354core:RevaluationReserve2024-04-3000795354core:RevaluationReserve2023-04-3000795354core:OtherMiscellaneousReserve2024-04-3000795354core:OtherMiscellaneousReserve2023-04-3000795354core:RetainedEarningsAccumulatedLosses2024-04-3000795354core:RetainedEarningsAccumulatedLosses2023-04-3000795354core:ShareCapital2022-04-3000795354core:RevaluationReserve2022-04-3000795354core:RetainedEarningsAccumulatedLosses2022-04-3000795354core:ShareCapitalOrdinaryShares2024-04-3000795354core:ShareCapitalOrdinaryShares2023-04-3000795354core:RevaluationReserve2023-04-3000795354bus:Director12023-05-012024-04-3000795354core:RetainedEarningsAccumulatedLosses2022-05-012023-04-30007953542022-05-012023-04-3000795354core:RetainedEarningsAccumulatedLosses2023-05-012024-04-3000795354core:RevaluationReserve2022-05-012023-04-3000795354core:RevaluationReserve2023-05-012024-04-3000795354core:LandBuildingscore:OwnedOrFreeholdAssets2023-05-012024-04-3000795354core:PlantMachinery2023-05-012024-04-3000795354core:FurnitureFittings2023-05-012024-04-3000795354core:ComputerEquipment2023-05-012024-04-3000795354core:MotorVehicles2023-05-012024-04-3000795354core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-05-012024-04-3000795354core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-3000795354core:PlantMachinery2023-04-3000795354core:FurnitureFittings2023-04-3000795354core:ComputerEquipment2023-04-3000795354core:MotorVehicles2023-04-3000795354core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-30007953542023-04-3000795354core:WithinOneYear2024-04-3000795354core:WithinOneYear2023-04-3000795354bus:PrivateLimitedCompanyLtd2023-05-012024-04-3000795354bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3000795354bus:FRS1022023-05-012024-04-3000795354bus:AuditExemptWithAccountantsReport2023-05-012024-04-3000795354bus:Director22023-05-012024-04-3000795354bus:Director32023-05-012024-04-3000795354bus:Director42023-05-012024-04-3000795354bus:CompanySecretary12023-05-012024-04-3000795354bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP