Registered number
07225668
Beckenham Building Supplies Ltd
Filleted Accounts
30 April 2024
Beckenham Building Supplies Ltd
Registered number: 07225668
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 55,602 61,602
Tangible assets 4 300,466 340,406
356,068 402,008
Current assets
Stocks 302,000 175,000
Debtors 5 231,698 152,188
Cash at bank and in hand 127,269 317,640
660,967 644,828
Creditors: amounts falling due within one year 6 (289,326) (268,412)
Net current assets 371,641 376,416
Total assets less current liabilities 727,709 778,424
Creditors: amounts falling due after more than one year 7 - (39,992)
Provisions for liabilities (25,583) (32,433)
Net assets 702,126 705,999
Capital and reserves
Called up share capital 100 100
Profit and loss account 702,026 705,899
Shareholders' funds 702,126 705,999
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amarjit S Soora
Director
Approved by the board on 27 January 2025
Beckenham Building Supplies Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% on Reducing Balance
Goodwill Over 20 years
Plant and machinery 20% on Reducing Balance
Motor vehicles 20% on Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 120,000
At 30 April 2024 120,000
Amortisation
At 1 May 2023 58,398
Provided during the year 6,000
At 30 April 2024 64,398
Net book value
At 30 April 2024 55,602
At 30 April 2023 61,602
Goodwill is being written off over its estimated economic life of 20 years at the year-end.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 205,000 24,393 259,441 488,834
Disposals - - (20,843) (20,843)
At 30 April 2024 205,000 24,393 238,598 467,991
Depreciation
At 1 May 2023 30,594 3,229 114,605 148,428
Charge for the year 3,488 4,233 28,884 36,605
On disposals - - (17,508) (17,508)
At 30 April 2024 34,082 7,462 125,981 167,525
Net book value
At 30 April 2024 170,918 16,931 112,617 300,466
At 30 April 2023 174,406 21,164 144,836 340,406
5 Debtors 2024 2023
£ £
Trade debtors 231,698 141,587
Other debtors - 10,601
231,698 152,188
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 12,673
Obligations under finance lease and hire purchase contracts 1,151 4,134
Trade creditors 231,658 190,390
Taxation and social security costs 54,540 51,118
Other creditors 1,977 10,097
289,326 268,412
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 39,384
Obligations under finance lease and hire purchase contracts - 608
- 39,992
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans - 52,057
The bank loan is secured against the property owned by the company.
9 Deferred tax 2024 2023
£ £
B/fwd 32,433 27,121
Charged to profit and loss (6,850) 5,312
25,583 32,433
10 Other information
Beckenham Building Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Charter House
8-10 Station Road
London
E12 5BT
Beckenham Building Supplies Ltd 07225668 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Amarjit S Soora No description of principal activity 07225668 2022-05-01 2023-04-30 07225668 core:WithinOneYear 2023-04-30 07225668 core:AfterOneYear 2023-04-30 07225668 core:ShareCapital 2023-04-30 07225668 core:RetainedEarningsAccumulatedLosses 2023-04-30 07225668 2023-05-01 2024-04-30 07225668 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07225668 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07225668 bus:Director40 2023-05-01 2024-04-30 07225668 1 2023-05-01 2024-04-30 07225668 2 2023-05-01 2024-04-30 07225668 core:Goodwill 2023-05-01 2024-04-30 07225668 core:LandBuildings 2023-05-01 2024-04-30 07225668 core:PlantMachinery 2023-05-01 2024-04-30 07225668 core:Vehicles 2023-05-01 2024-04-30 07225668 countries:England 2023-05-01 2024-04-30 07225668 bus:FRS102 2023-05-01 2024-04-30 07225668 bus:FilletedAccounts 2023-05-01 2024-04-30 07225668 2024-04-30 07225668 core:WithinOneYear 2024-04-30 07225668 core:AfterOneYear 2024-04-30 07225668 core:ShareCapital 2024-04-30 07225668 core:RetainedEarningsAccumulatedLosses 2024-04-30 07225668 core:Goodwill 2024-04-30 07225668 core:LandBuildings 2024-04-30 07225668 core:PlantMachinery 2024-04-30 07225668 core:Vehicles 2024-04-30 07225668 2023-04-30 07225668 core:Goodwill 2023-04-30 07225668 core:LandBuildings 2023-04-30 07225668 core:PlantMachinery 2023-04-30 07225668 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure