2023-07-01 2024-06-30 false No description of principal activity Capium Accounts Production 1.1 09418435 2023-07-01 2024-06-30 09418435 bus:FullAccounts 2023-07-01 2024-06-30 09418435 bus:FRS102 2023-07-01 2024-06-30 09418435 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09418435 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09418435 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09418435 2023-07-01 2024-06-30 09418435 2024-06-30 09418435 bus:RegisteredOffice 2023-07-01 2024-06-30 09418435 core:WithinOneYear 2024-06-30 09418435 core:AfterOneYear 2024-06-30 09418435 1 2023-07-01 2024-06-30 09418435 bus:Director1 2023-07-01 2024-06-30 09418435 bus:Director1 2024-06-30 09418435 bus:Director1 2022-07-01 2023-06-30 09418435 2022-07-01 09418435 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 09418435 2022-07-01 2023-06-30 09418435 2023-06-30 09418435 core:WithinOneYear 2023-06-30 09418435 core:AfterOneYear 2023-06-30 09418435 bus:EntityAccountantsOrAuditors 2022-07-01 2023-06-30 09418435 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 09418435 bus:OrdinaryShareClass1 2024-06-30 09418435 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 09418435 bus:OrdinaryShareClass1 2023-06-30 09418435 core:FurnitureFittings 2023-07-01 2024-06-30 09418435 core:FurnitureFittings 2024-06-30 09418435 core:FurnitureFittings 2023-06-30 09418435 core:ComputerEquipment 2023-07-01 2024-06-30 09418435 core:ComputerEquipment 2024-06-30 09418435 core:ComputerEquipment 2023-06-30 09418435 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-06-30 09418435 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-06-30 09418435 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 09418435 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 09418435 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 09418435 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-06-30 09418435 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-06-30 09418435 core:Non-currentFinancialInstruments 2024-06-30 09418435 core:Non-currentFinancialInstruments 2023-06-30 09418435 core:ShareCapital 2024-06-30 09418435 core:ShareCapital 2023-06-30 09418435 core:RetainedEarningsAccumulatedLosses 2024-06-30 09418435 core:RetainedEarningsAccumulatedLosses 2023-06-30 09418435 dpl:Item1 2023-07-01 09418435 dpl:Item1 2024-06-30 09418435 dpl:Item1 2022-07-01 09418435 dpl:Item1 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09418435


 

 

 


Unaudited Financial Statements

for the year ended 30 June 2024

for

BEACON FINANCE LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 35,661    36,700 
35,661    36,700 
Current assets      
Stocks 4 1,315    1,315 
Debtors 5 2,342    3,166 
Cash at bank and in hand 22,497    23,274 
26,154    27,755 
Creditors: amount falling due within one year 6 (52,378)   (52,147)
Net current assets (26,224)   (24,392)
 
Total assets less current liabilities 9,437    12,308 
Provisions for liabilities 7 (6,775)  
Net assets 2,662    12,308 
 

Capital and reserves
     
Called up share capital 8 105    105 
Profit and loss account 2,557    12,203 
Shareholders' funds 2,662    12,308 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 25 March 2025 and were signed by:


-------------------------------
Liam WALKER
Director
1
General Information
BEACON FINANCE LTD is a private company, limited by shares, registered in , registration number 09418435, registration address 13 THE CLOSE, Norwich, NR1 4DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Improvements to property - 2% straight line
Computer equipment - 25% straight line
Fixtures and fittings - 20% reducing balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 25 Straight Line
Improvements to property 2 Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 1).
Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £
At 01 July 2023 1,313    3,985    36,474    41,772 
Additions      
Disposals      
At 30 June 2024 1,313    3,985    36,474    41,772 
Depreciation
At 01 July 2023 754    3,589    729    5,072 
Charge for year 112    198    729    1,039 
On disposals      
At 30 June 2024 866    3,787    1,458    6,111 
Net book values
Closing balance as at 30 June 2024 447    198    35,016    35,661 
Opening balance as at 01 July 2023 559    396    35,745    36,700 


4.

Stocks

2024
£
  2023
£
Work in Progress 1,315    1,315 
1,315    1,315 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 1,403    2,207 
Prepayments & Accrued Income 361    381 
Other Debtors 578    578 
2,342    3,166 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   1,411 
Corporation Tax 15,615    9,262 
Accrued Expenses 1,476    850 
Other Creditors 25,978   
Directors' Current Accounts 7,500    37,778 
VAT 1,809    2,846 
52,378    52,147 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 6,775   
6,775   

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
105 shares of £1.00 each 105    105 
105    105 

2