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REGISTERED NUMBER: 11928375 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BEAUMONT & BEAR LTD

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAUMONT & BEAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr H Pilling
Miss C McCombe



REGISTERED OFFICE: 1 Barton Court
Jacks Way
Hill Barton Business Court
Exeter
EX5 1FG



REGISTERED NUMBER: 11928375 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Starling Bank
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,477 10,465

CURRENT ASSETS
Stocks 5 290,871 151,651
Debtors 6 45,740 22,929
Cash at bank and in hand 78,054 60,953
414,665 235,533
CREDITORS
Amounts falling due within one year 7 155,085 102,810
NET CURRENT ASSETS 259,580 132,723
TOTAL ASSETS LESS CURRENT LIABILITIES 276,057 143,188

CREDITORS
Amounts falling due after more than one
year

8

(11,500

)

(17,500

)

PROVISIONS FOR LIABILITIES (4,119 ) (846 )
NET ASSETS 260,438 124,842

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 260,338 124,742
SHAREHOLDERS' FUNDS 260,438 124,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:




Miss C McCombe - Director



Mr H Pilling - Director


BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Beaumont & Bear Ltd 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.

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
Computer equipment - 25% on cost

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 Statement of Income and Retained Earnings, 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.

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.

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 995 8,668 4,978 14,641
Additions 1,495 6,076 2,707 10,278
At 30 April 2024 2,490 14,744 7,685 24,919
DEPRECIATION
At 1 May 2023 485 1,790 1,901 4,176
Charge for year 401 1,944 1,921 4,266
At 30 April 2024 886 3,734 3,822 8,442
NET BOOK VALUE
At 30 April 2024 1,604 11,010 3,863 16,477
At 30 April 2023 510 6,878 3,077 10,465

5. STOCKS
2024 2023
£    £   
Stocks 290,871 151,651

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 1,019 14,499
Prepayments 44,721 8,430
45,740 22,929

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors - 25,011
Tax 79,904 35,491
Social security and other taxes 772 (1,104 )
VAT 39,898 25,434
Other creditors 22,780 10,588
Accrued expenses 5,731 1,390
155,085 102,810

BEAUMONT & BEAR LTD (REGISTERED NUMBER: 11928375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 11,500 17,500

9. SECURED DEBTS

The bounce back loan of £17,500 is 100% underwritten by the government under the covid support measures.

10. OTHER FINANCIAL COMMITMENTS

At 30/04/2024, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £40,073 (2023 : £53,474).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Miss C McCombe and Mr H Pilling
Balance outstanding at start of year 14,500 7,024
Amounts advanced 120,704 144,524
Amounts repaid (134,185 ) (137,048 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,019 14,500

Loans are unsecured and repayable on demand. Interest is charged at 10% in the year on credit loan balances.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £104,000 (2023 - £68,000) were paid to the directors .

During the period, the company rented the directors personal residence under a Licence to Occupy agreement for £457 (2023 £457)

13. CHARITABLE DONATIONS

In the year charitable donations were made up of the following:

Farm Safety Foundation - £2,295
Royal Agricultural Benevolent Institution Donation - £6,225