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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
Page
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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
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BEC 14 Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,756 
876 
Current assets
Debtors
- 
702 
Cash at bank and in hand
2,424 
80 
2,424 
782 
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)
Net assets
3,837 
3,889 
Capital and reserves
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
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BEC 14 Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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
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 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,998 
Additions
1,265 
At 31 August 2024
3,263 
Depreciation
At 1 September 2023
1,122 
Charge for the year
385 
At 31 August 2024
1,507 
Net book value
At 31 August 2024
1,756 
At 31 August 2023
876 
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BEC 14 Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
702 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
162 
312 
Amounts owed to group undertakings and other participating interests
- 
(1,567)
Taxes and social security
- 
327 
Loans from directors
(2,441)
(7,464)
(2,279)
(8,392)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,622 
6,161 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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