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REGISTERED NUMBER: 05824679 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

B.E.C (MIDLANDS) LIMITED

B.E.C (MIDLANDS) LIMITED (REGISTERED NUMBER: 05824679)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B.E.C (MIDLANDS) LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mohammed Rafiq





SECRETARY: Nasreen Kouser Rafiq





REGISTERED OFFICE: 26 Bills Street
Darlaston
West Midlands
WS10 8XB





REGISTERED NUMBER: 05824679 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

B.E.C (MIDLANDS) LIMITED (REGISTERED NUMBER: 05824679)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 60,000
Tangible assets 5 11,765 15,208
61,765 75,208

CURRENT ASSETS
Stocks 6 14,452 30,957
Debtors 7 195,982 143,250
Cash at bank 93,114 104,250
303,548 278,457
CREDITORS
Amounts falling due within one year 8 166,146 153,273
NET CURRENT ASSETS 137,402 125,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,167

200,392

CREDITORS
Amounts falling due after more than one year 9 (18,858 ) (41,280 )

PROVISIONS FOR LIABILITIES 11 (2,941 ) -
NET ASSETS 177,368 159,112

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 177,268 159,012
SHAREHOLDERS' FUNDS 177,368 159,112

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

B.E.C (MIDLANDS) LIMITED (REGISTERED NUMBER: 05824679)

Statement of Financial Position - continued
31 May 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 director and authorised for issue on 10 January 2025 and were signed by:





Mohammed Rafiq - Director


B.E.C (MIDLANDS) LIMITED (REGISTERED NUMBER: 05824679)

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

1. STATUTORY INFORMATION

B.E.C (Midlands) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

B.E.C (MIDLANDS) LIMITED (REGISTERED NUMBER: 05824679)

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

2. ACCOUNTING POLICIES - continued

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.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 200,000
AMORTISATION
At 1 June 2023 140,000
Amortisation for year 10,000
At 31 May 2024 150,000
NET BOOK VALUE
At 31 May 2024 50,000
At 31 May 2023 60,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 12,822 27,547 40,369
DEPRECIATION
At 1 June 2023 9,235 15,926 25,161
Charge for year 538 2,905 3,443
At 31 May 2024 9,773 18,831 28,604
NET BOOK VALUE
At 31 May 2024 3,049 8,716 11,765
At 31 May 2023 3,587 11,621 15,208

B.E.C (MIDLANDS) LIMITED (REGISTERED NUMBER: 05824679)

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

6. STOCKS
2024 2023
£    £   
Stocks 14,452 30,957

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 176,962 131,488
Other debtors 13,146 6,204
Deferred tax asset - 752
Prepayments 5,874 4,806
195,982 143,250

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 25,246 27,635
Trade creditors 27,307 20,064
Corporation Tax 17,805 -
Social security and other taxes 8,475 6,638
VAT 67,188 60,108
Other creditors 12,882 31,089
Directors' current accounts 2,703 1,056
Accrued expenses 4,540 6,683
166,146 153,273

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 18,858 41,280

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 25,246 27,635

Amounts falling due between one and two years:
Bank loans - 1-2 years 18,858 27,635

B.E.C (MIDLANDS) LIMITED (REGISTERED NUMBER: 05824679)

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

10. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 13,645

11. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 2,941

Deferred
tax
£   
Balance at 1 June 2023 (752 )
Provided during year 3,693
Balance at 31 May 2024 2,941

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
35 Ordinary A 1 35 35
35 Ordinary B 1 35 35
30 Ordinary C 1 30 30
100 100

13. RESERVES
Retained
earnings
£   

At 1 June 2023 159,012
Profit for the year 49,406
Dividends (31,150 )
At 31 May 2024 177,268

14. ULTIMATE CONTROLLING PARTY

The Company is controlled by Mr and Mrs Rafiq