4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 828,145 103,803 931,948 931,948 828,145 xbrli:pure xbrli:shares iso4217:GBP 00704655 2023-07-01 2024-06-30 00704655 2024-06-30 00704655 2023-06-30 00704655 2022-07-01 2023-06-30 00704655 2023-06-30 00704655 2022-06-30 00704655 bus:Director1 2023-07-01 2024-06-30 00704655 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 00704655 core:LandBuildings core:ShortLeaseholdAssets 2023-06-30 00704655 core:PlantMachinery 2023-06-30 00704655 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 00704655 core:LandBuildings core:ShortLeaseholdAssets 2024-06-30 00704655 core:PlantMachinery 2024-06-30 00704655 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00704655 core:LandBuildings core:ShortLeaseholdAssets 2023-07-01 2024-06-30 00704655 core:PlantMachinery 2023-07-01 2024-06-30 00704655 core:WithinOneYear 2024-06-30 00704655 core:WithinOneYear 2023-06-30 00704655 core:ShareCapital 2024-06-30 00704655 core:ShareCapital 2023-06-30 00704655 core:RetainedEarningsAccumulatedLosses 2024-06-30 00704655 core:RetainedEarningsAccumulatedLosses 2023-06-30 00704655 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 00704655 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-06-30 00704655 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 00704655 core:Non-currentFinancialInstruments 2024-06-30 00704655 core:Non-currentFinancialInstruments 2023-06-30 00704655 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 00704655 core:LandBuildings core:ShortLeaseholdAssets 2023-06-30 00704655 core:PlantMachinery 2023-06-30 00704655 bus:SmallEntities 2023-07-01 2024-06-30 00704655 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00704655 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00704655 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00704655 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 00704655
C. N. Beck & Sons Limited
Unaudited financial statements
30 June 2024
C. N. Beck & Sons Limited
Statement of financial position
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
2,810,019
2,889,751
Investments
6
931,948
828,145
-----------
-----------
3,741,967
3,717,896
Current assets
Stocks
324,396
413,377
Debtors
7
221,679
253,305
Cash at bank and in hand
534,988
148,874
-----------
---------
1,081,063
815,556
Creditors: Amounts falling due within one year
8
( 917,760)
( 846,151)
-----------
---------
Net current assets/(liabilities)
163,303
( 30,595)
-----------
-----------
Total assets less current liabilities
3,905,270
3,687,301
Provisions
Taxation including deferred tax
( 172,078)
( 188,000)
-----------
-----------
Net assets
3,733,192
3,499,301
-----------
-----------
Capital and reserves
Called up share capital
30,000
30,000
Profit and loss account
3,703,192
3,469,301
-----------
-----------
Shareholders funds
3,733,192
3,499,301
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
C. N. Beck & Sons Limited
Statement of financial position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Mr A N Beck
Director
Company registration number: 00704655
C. N. Beck & Sons Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brunstead Hall, Brunstead, Stalham, Norwich, Norfolk, NR12 9EZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Land is not depreciated. Depreciation on other assets is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
4% straight line
Property improvements
-
15% reducing balance
Plant and machinery
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of employees during the year was 4 (2023: 4 ).
5. Tangible assets
Freehold property
Property improve- ments
Plant and machinery
Total
£
£
£
£
Cost
At 1 July 2023
1,924,144
755,585
1,947,980
4,627,709
Additions
161,450
161,450
Disposals
( 48,385)
( 48,385)
-----------
---------
-----------
-----------
At 30 June 2024
1,924,144
755,585
2,061,045
4,740,774
-----------
---------
-----------
-----------
Depreciation
At 1 July 2023
82,187
526,757
1,129,014
1,737,958
Charge for the year
34,326
168,295
202,621
Disposals
( 9,824)
( 9,824)
-----------
---------
-----------
-----------
At 30 June 2024
82,187
561,083
1,287,485
1,930,755
-----------
---------
-----------
-----------
Carrying amount
At 30 June 2024
1,841,957
194,502
773,560
2,810,019
-----------
---------
-----------
-----------
At 30 June 2023
1,841,957
228,828
818,966
2,889,751
-----------
---------
-----------
-----------
Included in freehold property is freehold land at a cost of £1,841,957 (2022: £1,841,957) which is not depreciated.
6. Investments
Unlisted investments
£
Cost
At 1 July 2023
828,145
Revaluations
103,803
---------
At 30 June 2024
931,948
---------
Impairment
At 1 July 2023 and 30 June 2024
---------
Carrying amount
At 30 June 2024
931,948
---------
At 30 June 2023
828,145
---------
7. Debtors
2024
2023
£
£
Trade debtors
164,129
220,702
Other debtors
57,550
32,603
---------
---------
221,679
253,305
---------
---------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
63,047
40,304
Social security and other taxes
83,653
60,609
Other creditors
771,060
745,238
---------
---------
917,760
846,151
---------
---------