Registered number
03035086
BEVLYN LIMITED
Accounts
For the year ended 30 September 2024
BEVLYN LIMITED
Registered number: 03035086
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 73,555 88,015
Current assets
Stocks 19,500 19,250
Debtors 4 228,253 248,573
Cash at bank and in hand 220,947 211,305
468,700 479,128
Creditors: amounts falling due within one year 5 (455,927) (434,883)
Net current assets 12,773 44,245
Total assets less current liabilities 86,328 132,260
Creditors: amounts falling due after more than one year 6 - (43,740)
Provisions for liabilities (13,975) (16,723)
Net assets 72,353 71,797
Capital and reserves
Called up share capital 200 200
Profit and loss account 72,153 71,597
Shareholders' funds 72,353 71,797
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.
K M Thomas
Director
Approved by the board on 28 February 2025
BEVLYN LIMITED
Notes to the Accounts
for the year ended 30 September 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 tax. Turnover includes revenue earned from the rendering of services and supplies.
Tangible fixed assets
Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives.
Motor vehicles 25% reducing balance basis
Plant and equipment 15% reducing balance basis
Office equipment 15% reducing balance basis
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Leased assets
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated on the balance sheet as a liability.
The interest element of the obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income 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 and Directors 2024 2023
Number Number
Average number of persons employed by the company 14 14
3 Tangible fixed assets
Office equipment Plant and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 8,241 343,342 56,900 408,483
Disposals - - (3,000) (3,000)
At 30 September 2024 8,241 343,342 53,900 405,483
Depreciation
At 1 October 2023 7,051 267,836 45,581 320,468
Charge for the year 178 11,326 2,787 14,291
On disposals - - (2,831) (2,831)
At 30 September 2024 7,229 279,162 45,537 331,928
Net book value
At 30 September 2024 1,012 64,180 8,363 73,555
At 30 September 2023 1,190 75,506 11,319 88,015
4 Debtors 2024 2023
£ £
Trade debtors 214,131 235,624
Other debtors 14,122 12,949
228,253 248,573
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan 42,328 45,346
Trade creditors 14,328 50,805
Taxation and social security costs 146,333 111,979
Other creditors 252,938 226,753
455,927 434,883
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan - 43,740
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 42,328 89,086
The bank loan is secured by a fixed and floating charge over the assets of the company.
8 Other information
BEVLYN LIMITED is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Portway House
Sream Road
Kingswinford
West Midlands
DY6 9NT
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