Company registration number 1544849 (England and Wales)
BEECHLANE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BEECHLANE LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
BEECHLANE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -
The directors present their annual report and financial statements for the year ended 30 September 2024.
Principal activities
The principal activity of the company continued to be that of the supply and servicing of electronic business and industrial catering equipment.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
P J Connaughton
(Resigned 13 January 2025)
L Connaughton
E L Connaughton
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
E L Connaughton
Director
8 April 2025
BEECHLANE LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,702
27,662
Current assets
Stocks
10,925
14,357
Debtors
4
140,442
121,687
Cash at bank and in hand
185,370
152,883
336,737
288,927
Creditors: amounts falling due within one year
5
(169,142)
(148,823)
Net current assets
167,595
140,104
Total assets less current liabilities
181,297
167,766
Creditors: amounts falling due after more than one year
6
(33,912)
(55,000)
Provisions for liabilities
(25,390)
(33,853)
Net assets
121,995
78,913
Capital and reserves
Called up share capital
30
30
Profit and loss reserves
121,965
78,883
Total equity
121,995
78,913
BEECHLANE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 3 -
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 8 April 2025 and are signed on its behalf by:
E L Connaughton
Director
Company registration number 1544849 (England and Wales)
BEECHLANE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information
Beechlane Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 19, Chiltern Business Village, Arundel Road, Uxbridge, Middlesex, UB8 2SN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20 % on Cost
Motor vehicles
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
BEECHLANE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Hire purchase and Leasing commitments
Asset obtained under hire purchase contracts or finance leases are captialised 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 . Rentals paid under operating leases are charged to profit and loss as incurred.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Pension costs and other post-retirement benifits
The company operates defined contributions pension schemes.Contributions to the schemes are charged to the profit and loss account in the year in which they become payable in accordance with the rules.The assets of the schemes are held separately from those of the company.
BEECHLANE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
8
8
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023
160,452
Additions
627
At 30 September 2024
161,079
Depreciation and impairment
At 1 October 2023
132,790
Depreciation charged in the year
14,587
At 30 September 2024
147,377
Carrying amount
At 30 September 2024
13,702
At 30 September 2023
27,662
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
139,693
120,281
Other debtors
749
1,406
140,442
121,687
BEECHLANE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
49,907
38,924
Corporation tax
23,056
1,879
Other taxation and social security
28,001
20,743
Other creditors
68,178
87,277
169,142
148,823
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
33,912
55,000
7
Ultimate Controlling Party
The ultimate controlling party is E L Connaughton.
8
Related Party Disclosures
During the year,total dividends of £20,000 ( 2023-£ 17,000) were paid to the director.