Registered number
09605642
Beech Cottage Limited
Filleted Accounts
31 May 2024
Beech Cottage Limited
Registered number: 09605642
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 576,947 603,172
Tangible assets 4 249,871 142,152
826,818 745,324
Current assets
Stocks 11,055 13,810
Debtors 5 210,196 191,239
Cash at bank and in hand 40,539 49,075
261,790 254,124
Creditors: amounts falling due within one year 6 (405,869) (377,657)
Net current liabilities (144,079) (123,533)
Total assets less current liabilities 682,739 621,791
Creditors: amounts falling due after more than one year 7 (639,376) (575,758)
Net assets 43,363 46,033
Capital and reserves
Called up share capital 100 100
Profit and loss account 43,263 45,933
Shareholder's funds 43,363 46,033
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 member has 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.
Dr. Pravin Jagdishkumar Kadam
Director
Approved by the board on 22 November 2024
Beech Cottage Limited
Notes to the Accounts
for the year ended 31 May 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 655,622
At 31 May 2024 655,622
Amortisation
At 1 June 2023 52,450
Provided during the year 26,225
At 31 May 2024 78,675
Net book value
At 31 May 2024 576,947
At 31 May 2023 603,172
Goodwill is being written off in equal annual instalments over its estimated economic life of 25 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 June 2023 201,023
Additions 151,814
At 31 May 2024 352,837
Depreciation
At 1 June 2023 58,871
Charge for the year 44,095
At 31 May 2024 102,966
Net book value
At 31 May 2024 249,871
At 31 May 2023 142,152
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 152,870 152,870
Other debtors 57,326 38,369
210,196 191,239
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 60,000 63,077
Obligations under finance lease and hire purchase contracts 60,174 9,228
Trade creditors 40,775 68,155
Amounts owed to group undertakings and undertakings in which the company has a participating interest 175,121 134,421
Taxation and social security costs 64,110 87,742
Other creditors 5,689 15,034
405,869 377,657
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 439,983 462,068
Obligations under finance lease and hire purchase contracts 199,393 113,690
639,376 575,758
8 Related party transactions
2024 2023
£ £
Rent charged by holding company 36,000 36,000
Management fees 60,000 60,000
Dividends declared 360,000 360,000
9 Controlling party
The company is controlled and managed by HSPK Holdings Limited.

100% share capital of the company is now acquired by HSPK Holdings Limited. Hence the
company is now a subsidiary of this ultimate holding company.
10 Other information
Beech Cottage Limited is a private company limited by shares and incorporated in England. Its registered office is:
38 Hill Street
Corbridge
England
NE45 5AA
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