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REGISTERED NUMBER: 04021843 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Beacon Group Limited

Beacon Group Limited (Registered number: 04021843)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beacon Group Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: F Larrassey





SECRETARY: Mrs T H Larrassey





REGISTERED OFFICE: Unit 5
Kingside Business Park
Ruston Road
Woolwich
London
SE18 5BX





REGISTERED NUMBER: 04021843 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Beacon Group Limited (Registered number: 04021843)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £
FIXED ASSETS
Tangible assets 4 108,703 26,937
Investments 5 - -
108,703 26,937

CURRENT ASSETS
Stocks 17,950 27,950
Debtors 6 416,595 714,202
Cash at bank and in hand 749,831 265,391
1,184,376 1,007,543
CREDITORS
Amounts falling due within one year 7 (566,829 ) (560,067 )
NET CURRENT ASSETS 617,547 447,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

726,250

474,413

CREDITORS
Amounts falling due after more than one
year

8

(59,583

)

(114,583

)

PROVISIONS FOR LIABILITIES 10 (27,002 ) (4,956 )
NET ASSETS 639,665 354,874

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 639,565 354,774
SHAREHOLDERS' FUNDS 639,665 354,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Beacon Group Limited (Registered number: 04021843)

Balance Sheet - continued
30 June 2024


The 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.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





F Larrassey - Director


Beacon Group Limited (Registered number: 04021843)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Beacon Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Beacon Group Limited (Registered number: 04021843)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 July 2023 21,883 7,651 145,348 133,478 308,360
Additions - - 108,230 - 108,230
Disposals - - (110,531 ) - (110,531 )
At 30 June 2024 21,883 7,651 143,047 133,478 306,059
DEPRECIATION
At 1 July 2023 21,072 6,186 132,092 122,073 281,423
Charge for year 122 219 17,365 3,764 21,470
Eliminated on disposal - - (105,537 ) - (105,537 )
At 30 June 2024 21,194 6,405 43,920 125,837 197,356
NET BOOK VALUE
At 30 June 2024 689 1,246 99,127 7,641 108,703
At 30 June 2023 811 1,465 13,256 11,405 26,937

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£
COST
At 1 July 2023 34,817
Transfer to ownership (34,817 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 26,555
Transfer to ownership (26,555 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 8,262

Beacon Group Limited (Registered number: 04021843)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Beacon Mechanical Services Limited
Registered office: Unit 5 Kingside Business Park, Rushton Road, Woolwich, London, SE18 5BX
Nature of business: Dormant non trading
%
Class of shares: holding
Ordinary 100.00
30.6.24 30.6.23
£ £
Aggregate capital and reserves 1 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Trade debtors 317,437 111,630
Other debtors 99,158 602,572
416,595 714,202

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Bank loans and overdrafts 55,000 55,000
Trade creditors 126,025 67,884
Taxation and social security 174,077 90,601
Other creditors 211,727 346,582
566,829 560,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£ £
Bank loans 59,583 114,583

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£ £
Bank loans 114,583 169,583

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£ £
Deferred tax 27,002 4,956

Beacon Group Limited (Registered number: 04021843)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 July 2023 4,956
Provided during year 22,046
Balance at 30 June 2024 27,002

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £ £
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following aggregate advances and aggregate credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£ £
I P Larrassey
Balance outstanding at start of year (197,887 ) (516,097 )
Amounts advanced 197,887 763,654
Amounts repaid - (445,444 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (197,887 )

F Larrassey
Balance outstanding at start of year (37,987 ) 717,928
Amounts advanced 81,399 86,814
Amounts repaid (43,412 ) (842,729 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (37,987 )

The above figures are aggregate advances and credits to the directors. Interest is charged at 2.5% on the above loan and the loan is repayable upon demand.

Beacon Group Limited (Registered number: 04021843)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

13. RELATED PARTY DISCLOSURES

The Estate of Mr I P Larrassey, personally guarantees the bank overdraft facility and the bank loan.

The assets of the Beacon Group Pension Scheme are held for the benefit of the Estate of Mr I P Larrassey and Mrs T Larrassey who are both shareholders of the company.

At the balance sheet date the company owed the Estate of Mr I P Larrassey £108,527 (2023 - £197,887) Interest was charged at 2.5% on the loan. During the year interest of £1,633 (2023 - £1,589) was charged on this loan.

Dividends of £NIL (2023 - £78,000) were declared and paid in the year to the Estate of I P Larrassey, who is a shareholder of the company.

Dividends of £NIL (2023 - £78,000) were declared and paid in the year to Mrs T Larrassey, who is a shareholder and widow of Mr I P Larrassey.

The company made rental payments to the Estate of Mr I P Larrassey and Mrs T Larrassey of £53,000 (2023 - £53,000).

Dividends of £NIL (2023 - £66,857) were declared and paid in the year to Mr F Larrassey, who is the director of the company and also a shareholder.

At the balance sheet date Mr F Larrassey owed the company £NIL (2023 - £37,987 was owed to Mr F Larrassey). Interest was charged at 2.5% on the loan. During the year interest of £423 (2023 - £9,139) was charged on this loan.

At the year end the company owed £5,543 to Beacon Building Ltd, (2023 - £249,257 was owed by Beacon Building Ltd) a company owned by Mrs T Larrassey and the Estate of Mr I P Larrassey.

14. CONTROLLING PARTY

The company is controlled by the Estate of I P Larrassey and Mrs T Larrassey, who together own 70 % of the issued share capital of the company.