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Registered number: 11962364
Beaumont Porter Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11962364
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,542 116,881
141,542 116,881
CURRENT ASSETS
Stocks 5 14,360 15,187
Debtors 6 142,403 13,721
Cash at bank and in hand 45,241 153,031
202,004 181,939
Creditors: Amounts Falling Due Within One Year 7 (126,412 ) (69,545 )
NET CURRENT ASSETS (LIABILITIES) 75,592 112,394
TOTAL ASSETS LESS CURRENT LIABILITIES 217,134 229,275
Creditors: Amounts Falling Due After More Than One Year 8 (12,739 ) (61,735 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,726 ) (22,207 )
NET ASSETS 185,669 145,333
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 185,667 145,331
SHAREHOLDERS' FUNDS 185,669 145,333
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Madeline Beaumont
Director
Mr Benjamin Porter
Director
23 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Beaumont Porter Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11962364 . The registered office is The Cotley Inn, Wambrook, Chard, Somerset, TA20 3EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 4% straight line
Plant & Machinery 20% rducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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Page 4
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 16)
19 16
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 - 52,797 45,846 72,098
Additions 44,776 1,662 - 4,780
As at 30 April 2024 44,776 54,459 45,846 76,878
Depreciation
As at 1 May 2023 - 19,763 17,497 20,348
Provided during the period 1,791 6,939 5,670 11,306
As at 30 April 2024 1,791 26,702 23,167 31,654
Net Book Value
As at 30 April 2024 42,985 27,757 22,679 45,224
As at 1 May 2023 - 33,034 28,349 51,750
Computer Equipment Total
£ £
Cost
As at 1 May 2023 8,414 179,155
Additions 1,746 52,964
As at 30 April 2024 10,160 232,119
Depreciation
As at 1 May 2023 4,666 62,274
Provided during the period 2,597 28,303
As at 30 April 2024 7,263 90,577
Net Book Value
As at 30 April 2024 2,897 141,542
As at 1 May 2023 3,748 116,881
5. Stocks
2024 2023
£ £
Finished goods 14,360 15,187
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,832 3,574
Prepayments and accrued income 18,357 10,147
Directors' loan accounts 120,214 -
142,403 13,721
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,287 19,352
Bank loans and overdrafts 9,700 9,868
Corporation tax 36,960 7,702
Other taxes and social security 1,327 1,883
VAT 20,555 18,737
Other creditors 12,145 6,936
Accruals and deferred income 1,884 5,067
Directors' loan accounts 13,554 -
126,412 69,545
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,739 22,520
Directors loan account - 39,215
12,739 61,735
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Miss Madeline Beaumont (19,786 ) 140,000 - - 120,214
The above loan is unsecured, interest free and repayable on demand.
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