Company Registration No. 10967365 (England and Wales)
BEC 14 Ltd
Unaudited accounts
for the year ended 31 August 2024
BEC 14 Ltd
Unaudited accounts
Contents
BEC 14 Ltd
Company Information
for the year ended 31 August 2024
Directors
Vladimir Penev
Madlena Peneva
Company Number
10967365 (England and Wales)
Registered Office
2a-2b Sunnyside Road
Ilford
Essex
IG1 1HU
England
BEC 14 Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
2,424
80
Creditors: amounts falling due within one year
2,279
8,392
Net current assets
4,703
9,174
Total assets less current liabilities
6,459
10,050
Creditors: amounts falling due after more than one year
(2,622)
(6,161)
Called up share capital
1
1
Profit and loss account
3,836
3,888
Shareholders' funds
3,837
3,889
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by
Vladimir Penev
Director
Company Registration No. 10967365
BEC 14 Ltd
Notes to the Accounts
for the year ended 31 August 2024
BEC 14 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10967365. The registered office is 2a-2b Sunnyside Road, Ilford, Essex, IG1 1HU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18% NBV
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Computer equipment
BEC 14 Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
(1,567)
Taxes and social security
-
327
Loans from directors
(2,441)
(7,464)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).