Registered number
04625211
D W Begal & Son Ltd
Unaudited Filleted Accounts
31 December 2023
D W Begal & Son Ltd
Registered number: 04625211
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 197,920 197,995
Current assets
Stocks 650 1,000
Debtors 4 31,304 33,424
Cash at bank and in hand 4,420 1,251
36,374 35,675
Creditors: amounts falling due within one year 5 (101,671) (71,005)
Net current liabilities (65,297) (35,330)
Total assets less current liabilities 132,623 162,665
Creditors: amounts falling due after more than one year 6 (2,610) (9,446)
Net assets 130,013 153,219
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 112,510 112,510
Profit and loss account 17,403 40,609
Shareholders' funds 130,013 153,219
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.
H S Begal
Director
Approved by the board on 10 March 2025
D W Begal & Son Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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 over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 197,500 8,078 205,578
At 31 December 2023 197,500 8,078 205,578
Depreciation
At 1 January 2023 - 7,583 7,583
Charge for the year - 75 75
At 31 December 2023 - 7,658 7,658
Net book value
At 31 December 2023 197,500 420 197,920
At 31 December 2022 197,500 495 197,995
Freehold land and buildings: 2023 2022
£ £
Historical cost 84,990 84,990
Cumulative depreciation based on historical cost - -
84,990 84,990
4 Debtors 2023 2022
£ £
Trade debtors 31,090 32,965
Other debtors 214 459
31,304 33,424
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 3,719
Trade creditors 23,847 23,910
Taxation and social security costs 12,050 13,247
Other creditors 65,774 30,129
101,671 71,005
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,610 9,446
7 Revaluation reserve 2023 2022
£ £
At 1 January 2023 112,510 112,510
At 31 December 2023 112,510 112,510
8 Other information
D W Begal & Son Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5 & 6
Sherbourne Trading Estate
Sherbourne St
Manchester
M8 8LR
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