Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302023-05-01Buildersfalse44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08991435 2023-05-01 2024-04-30 08991435 2022-05-01 2023-04-30 08991435 2024-04-30 08991435 2023-04-30 08991435 c:Director1 2023-05-01 2024-04-30 08991435 c:Director3 2023-05-01 2024-04-30 08991435 d:PlantMachinery 2023-05-01 2024-04-30 08991435 d:PlantMachinery 2024-04-30 08991435 d:PlantMachinery 2023-04-30 08991435 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08991435 d:MotorVehicles 2023-05-01 2024-04-30 08991435 d:MotorVehicles 2024-04-30 08991435 d:MotorVehicles 2023-04-30 08991435 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08991435 d:OfficeEquipment 2023-05-01 2024-04-30 08991435 d:OfficeEquipment 2024-04-30 08991435 d:OfficeEquipment 2023-04-30 08991435 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08991435 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08991435 d:Goodwill 2024-04-30 08991435 d:Goodwill 2023-04-30 08991435 d:CurrentFinancialInstruments 2024-04-30 08991435 d:CurrentFinancialInstruments 2023-04-30 08991435 d:Non-currentFinancialInstruments 2024-04-30 08991435 d:Non-currentFinancialInstruments 2023-04-30 08991435 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08991435 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08991435 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08991435 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08991435 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08991435 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 08991435 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08991435 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08991435 d:ShareCapital 2024-04-30 08991435 d:ShareCapital 2023-04-30 08991435 d:RetainedEarningsAccumulatedLosses 2024-04-30 08991435 d:RetainedEarningsAccumulatedLosses 2023-04-30 08991435 c:FRS102 2023-05-01 2024-04-30 08991435 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08991435 c:FullAccounts 2023-05-01 2024-04-30 08991435 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08991435 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 08991435 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 08991435 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08991435










BESWICK BUILDING AND RENOVATIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BESWICK BUILDING AND RENOVATIONS LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beswick Building and Renovations Limited for the year ended 30 April 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Beswick Building and Renovations Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Beswick Building and Renovations Limited and state those matters that we have agreed to state to the Board of directors of Beswick Building and Renovations Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beswick Building and Renovations Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Beswick Building and Renovations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beswick Building and Renovations Limited. You consider that Beswick Building and Renovations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Beswick Building and Renovations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
15 January 2025
Page 1

 
BESWICK BUILDING AND RENOVATIONS LIMITED
REGISTERED NUMBER: 08991435

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
59,551
56,347

  
59,551
56,347

Current assets
  

Stocks
  
29,892
5,828

Debtors: amounts falling due within one year
 6 
49,974
62,645

Cash at bank and in hand
  
311,009
294,107

  
390,875
362,580

Creditors: amounts falling due within one year
 7 
(132,293)
(143,219)

Net current assets
  
 
 
258,582
 
 
219,361

Total assets less current liabilities
  
318,133
275,708

Creditors: amounts falling due after more than one year
 8 
(8,135)
(20,833)

Provisions for liabilities
  

Deferred tax
 10 
(14,888)
(10,706)

  
 
 
(14,888)
 
 
(10,706)

Net assets
  
295,110
244,169


Capital and reserves
  

Called up share capital 
  
104
104

Profit and loss account
  
295,006
244,065

  
295,110
244,169


Page 2

 
BESWICK BUILDING AND RENOVATIONS LIMITED
REGISTERED NUMBER: 08991435
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 January 2025.




M Beswick
S P Beswick
Director
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The presentational currency of the Company is GBP.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. 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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
1.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)


1.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods..

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line

The assets' residual values, useful lives 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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.


General information

The company is a private company, limited by shares and registered in England.
Its registered number is: 08991435
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
39,325



At 30 April 2024

39,325



Amortisation


At 1 May 2023
39,325



At 30 April 2024

39,325



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 7

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
9,333
91,932
3,255
104,520


Additions
266
21,995
1,354
23,615



At 30 April 2024

9,599
113,927
4,609
128,135



Depreciation


At 1 May 2023
4,622
41,143
2,409
48,174


Charge for the year on owned assets
1,244
18,196
970
20,410



At 30 April 2024

5,866
59,339
3,379
68,584



Net book value



At 30 April 2024
3,733
54,588
1,230
59,551



At 30 April 2023
4,711
50,790
846
56,347


6.


Debtors

2024
2023
£
£


Trade debtors
-
11,694

Amounts owed by joint ventures and associated undertakings
45,297
44,361

Other debtors
-
1,000

Prepayments and accrued income
4,677
5,590

49,974
62,645


Page 8

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,509
10,000

Trade creditors
22,259
38,453

Corporation tax
50,836
24,552

Other taxation and social security
28,872
18,888

Other creditors
20,217
38,876

Accruals and deferred income
2,600
12,450

132,293
143,219



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,135
20,833

8,135
20,833


Page 9

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,509
10,000


7,509
10,000

Amounts falling due 1-2 years

Bank loans
7,509
10,000


7,509
10,000

Amounts falling due 2-5 years

Bank loans
626
10,833


626
10,833


15,644
30,833



10.


Deferred taxation




2024


£






At beginning of year
(10,706)


Charged to profit or loss
(4,182)



At end of year
(14,888)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(14,888)
(10,706)

(14,888)
(10,706)

Page 10

 
BESWICK BUILDING AND RENOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £120,000 (2023 - £40,000). Contributions totalling £NIL (2023 - £NIL) were payable to the fund at the reporting date and are included in creditors.


12.


Related party transactions

The amount due to the directors, and included in other creditors at the reporting date, was £6,775; (2023: £5,344). The loan does not attract a rate of interest and is repayable on demand.
Included within debtors is an intercompany balance of £1,141 (2023 - £968) due from a related party, Beswick Design & Build Limited.
Included within debtors is an intercompany balance of £44,156 (2023 - £43,393) due from a related party, Beswick Building Limited.

 
Page 11