Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10162126 Mr Geoff Dorling Mr Daniel Fox Mrs Hannah Dorling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10162126 2023-05-31 10162126 2024-05-31 10162126 2023-06-01 2024-05-31 10162126 frs-core:CurrentFinancialInstruments 2024-05-31 10162126 frs-core:Non-currentFinancialInstruments 2024-05-31 10162126 frs-core:ComputerEquipment 2024-05-31 10162126 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10162126 frs-core:ComputerEquipment 2023-05-31 10162126 frs-core:MotorVehicles 2024-05-31 10162126 frs-core:MotorVehicles 2023-06-01 2024-05-31 10162126 frs-core:MotorVehicles 2023-05-31 10162126 frs-core:WithinOneYear 2024-05-31 10162126 frs-core:ShareCapital 2024-05-31 10162126 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10162126 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10162126 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10162126 frs-bus:SmallEntities 2023-06-01 2024-05-31 10162126 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10162126 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10162126 frs-bus:Director1 2023-06-01 2024-05-31 10162126 frs-bus:Director2 2023-06-01 2024-05-31 10162126 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10162126 frs-countries:EnglandWales 2023-06-01 2024-05-31 10162126 2022-05-31 10162126 2023-05-31 10162126 2022-06-01 2023-05-31 10162126 frs-core:CurrentFinancialInstruments 2023-05-31 10162126 frs-core:Non-currentFinancialInstruments 2023-05-31 10162126 frs-core:BetweenOneFiveYears 2023-05-31 10162126 frs-core:WithinOneYear 2023-05-31 10162126 frs-core:ShareCapital 2023-05-31 10162126 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10162126
Beon Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Beon Solutions Ltd for the year ended 31 May 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Beon Solutions Ltd which comprise the Income Statement, 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Beon Solutions Ltd , as a body, in accordance with the terms of our engagement letter dated 22 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Beon Solutions Ltd and state those matters that we have agreed to state to the directors of Beon Solutions Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beon Solutions Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Beon Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Beon Solutions Ltd . You consider that Beon Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Beon Solutions Ltd . 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 financial statements.
Signed
FB Accountancy Services Limited
28/01/2025
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
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Page 2
Statement of Financial Position
Registered number: 10162126
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,063 48,485
97,063 48,485
CURRENT ASSETS
Stocks 5 5,779 6,787
Debtors 6 128,771 40,509
Cash at bank and in hand 22,845 55,323
157,395 102,619
Creditors: Amounts Falling Due Within One Year 7 (118,079 ) (96,032 )
NET CURRENT ASSETS (LIABILITIES) 39,316 6,587
TOTAL ASSETS LESS CURRENT LIABILITIES 136,379 55,072
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (20,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,147 ) (12,147 )
NET ASSETS 101,232 22,925
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 101,230 22,923
SHAREHOLDERS' FUNDS 101,232 22,925
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For the year ending 31 May 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 Income Statement.
On behalf of the board
Mr Daniel Fox
Director
28/01/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Beon Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10162126 . The registered office is 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
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:
Motor Vehicles 25% Reducing balance
Computer Equipment 25% 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.
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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 86,452 4,315 90,767
Additions 62,387 4,537 66,924
Disposals (3,250 ) (800 ) (4,050 )
As at 31 May 2024 145,589 8,052 153,641
Depreciation
As at 1 June 2023 40,110 2,172 42,282
Provided during the period 15,941 1,068 17,009
Disposals (1,965 ) (748 ) (2,713 )
As at 31 May 2024 54,086 2,492 56,578
Net Book Value
As at 31 May 2024 91,503 5,560 97,063
As at 1 June 2023 46,342 2,143 48,485
5. Stocks
2024 2023
£ £
Work in progress 5,779 6,787
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 113,812 33,853
Other debtors 14,959 6,656
128,771 40,509
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,192 4,938
Bank loans and overdrafts 10,000 10,000
Other creditors 57,004 57,724
Taxation and social security 41,883 23,370
118,079 96,032
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,000 20,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 1,980 5,940
Later than one year and not later than five years - 1,980
1,980 7,920
11. Transition to FRS 102
This is the first period of accounts preared under FRS102 (1a). The company transitioned from FRS105 on 1st June 2022. Previously deferred
taxation was not recognised.
This has effected the previously reported reserves as follows:
Reconcilation of equity
As at 01.06.22
Capital and reserves (as previously stated) £48,045
Deferred tax provision added (£11,683)
Capital and reserves (as restated) £36,362
As at 31.05.23
Capital and reserves (as previously stated) £35,072
Deferred tax provision added (£12,147)
Capital and reserves (as restated) £22,925
Reconciliation of profit for the year 
As at 31.05.23
Profit for the year (as previously stated) £62,027
Deferred tax charge added (£464)
Profit for the year (as restated) £61,563
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