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Registered number: 06316952

Wayne Beevers Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Wayne Beevers Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Wayne Beevers
Ellen Jane Beevers
REGISTERED OFFICE
Maurwood House
Sutton Road
Bilsby
Lincolnshire
LN13 9PX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06316952
BANKERS
Lloyds
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Wayne Beevers Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Wayne Beevers Ltd

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2161,846188,560
CURRENT ASSETS
Stock3,0002,000
Debtors416,34310,068
Cash at bank and in hand11
19,34412,069
CREDITORS: Amounts falling due within one year533,80833,948
NET CURRENT LIABILITIES(14,464)(21,879)
TOTAL ASSETS LESS CURRENT LIABILITIES147,382166,681
CREDITORS: Amounts falling due after more than one year6125,186124,791
PROVISIONS FOR LIABILITIES AND CHARGES817,68718,009
NET ASSETS4,50923,881
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account4,50823,880
SHAREHOLDERS' FUNDS4,50923,881
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/12/2024 and signed on their behalf by
.............................
Wayne Beevers
Director

Wayne Beevers Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. At 30 June 2021 net liabilities were £698, however the directors continued to support the company which is now reporting net assets as at 30 June 2022
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Fixtures and Fittingsreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Wayne Beevers Ltd

1f. Leasing Commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
Assets held under finance leases, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and are depreciated over their useful lives The capital element of future obligations under the lease is included as a liability in the balance sheet The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
For sale and leaseback agreements the commercial substance of the leaseback is taken into account when deciding on the correct accounting treatment For sale and leaseback agreements which are of a rental nature ("operating leases") any profit or loss on disposal is recognised immediately in the profit and loss account.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.
1g.
2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/07/2023316,673291316,964
Additions19,750-19,750
Disposals(12,332)-(12,332)
At 30/06/2024324,091291324,382
Depreciation
At 01/07/2023128,232172128,404
Disposals(6,331)-(6,331)
For the year40,4392440,463
At 30/06/2024162,340196162,536
Net Book Amounts
At 30/06/2024161,75195161,846
At 30/06/2023188,441119188,560
3. STOCK 20242023
££
Stock comprises:
Stock3,0002,000
3,0002,000

Wayne Beevers Ltd

4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors14,7968,521
PAYE control1212
14,8088,533
Amounts falling due over more than one year
Long term debtor1,5351,535
1,5351,535
16,34310,068
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT3,5912,887
Directors current account379312
Bank loans and overdrafts8,9017,162
Bank Loan5,2685,056
HP Finance < 1 year11,86313,365
Trade creditors2,3063,393
Other creditors - Snap On145406
Accruals1,3551,367
33,80833,948
Included in creditors falling due within one year are HP agreements of £16,495 (2021: £16,572) which are secured by the company against the asset to which they relate.
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr25,60830,069
HP finance > 1 year99,57894,722
125,186124,791
Included in creditors falling due after one year are HP agreements of £45,887 (2021:£64,973) which are secured by the company against the asset to which they relate.

Wayne Beevers Ltd

7. EMPLOYEES
20242023
No.No.
Average number of employees22
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation17,68718,009
17,68718,009
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11