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REGISTERED NUMBER: 01142669 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BEAVER INTERNATIONAL LIMITED

BEAVER INTERNATIONAL LIMITED (REGISTERED NUMBER: 01142669)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAVER INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M K Tuttey
Mrs P M Tuttey
Ms J E Paterson
A M Tuttey





SECRETARY: Mrs P M Tuttey





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 01142669 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

BEAVER INTERNATIONAL LIMITED (REGISTERED NUMBER: 01142669)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 104,212 57,942

CURRENT ASSETS
Stocks 5 91,085 132,619
Debtors 6 133,397 158,426
Cash at bank and in hand 206,007 163,018
430,489 454,063
CREDITORS
Amounts falling due within one year 7 233,037 314,008
NET CURRENT ASSETS 197,452 140,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,664

197,997

CREDITORS
Amounts falling due after more than one
year

8

(43,079

)

(25,701

)

PROVISIONS FOR LIABILITIES (25,126 ) (13,447 )
NET ASSETS 233,459 158,849

CAPITAL AND RESERVES
Called up share capital 9 7,750 7,750
Share premium 16,660 16,660
Retained earnings 209,049 134,439
SHAREHOLDERS' FUNDS 233,459 158,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BEAVER INTERNATIONAL LIMITED (REGISTERED NUMBER: 01142669)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Ms J E Paterson - Director


BEAVER INTERNATIONAL LIMITED (REGISTERED NUMBER: 01142669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Beaver International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Going concern
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 represents amount derived from the provision of goods and services which fall within the company's ordinary activities after deduction of trade discounts and value added tax. Turnover from the sale of goods is recognised when the customer receives the goods. Turnover from the supply of services represents the value of services under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including the turnover and related costs as contract activity progresses. Turnover is calculated by reference to the value of work performed to date as a proportion of the total contract value.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance and 25% on cost

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.
Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BEAVER INTERNATIONAL LIMITED (REGISTERED NUMBER: 01142669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 47,649 139,672 68,498 255,819
Additions - 62,050 - 62,050
At 31 December 2024 47,649 201,722 68,498 317,869
DEPRECIATION
At 1 January 2024 43,637 88,892 65,348 197,877
Charge for year 1,004 13,988 788 15,780
At 31 December 2024 44,641 102,880 66,136 213,657
NET BOOK VALUE
At 31 December 2024 3,008 98,842 2,362 104,212
At 31 December 2023 4,012 50,780 3,150 57,942

BEAVER INTERNATIONAL LIMITED (REGISTERED NUMBER: 01142669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 63,251
Additions 62,050
At 31 December 2024 125,301
DEPRECIATION
At 1 January 2024 20,407
Charge for year 7,318
At 31 December 2024 27,725
NET BOOK VALUE
At 31 December 2024 97,576
At 31 December 2023 42,844

5. STOCKS
31.12.24 31.12.23
£    £   
Stock and work in progress 91,085 132,619

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 108,278 145,939
Other debtors 17,680 3,156
Directors' current accounts 5,061 2,770
Prepayments 2,378 6,561
133,397 158,426

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 1,227
Hire purchase contracts 21,638 9,067
Payments on account 7,723 110,127
Trade creditors 105,898 100,604
Corporation tax 37,260 19,047
Social security and other taxes 13,231 40,455
Other creditors 21,899 13,656
Directors' current accounts 9,168 10,805
Accrued expenses 16,220 9,020
233,037 314,008

BEAVER INTERNATIONAL LIMITED (REGISTERED NUMBER: 01142669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 43,079 25,701

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
7,750 Ordinary £1 7,750 7,750

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
A M Tuttey
Balance outstanding at start of year 2,770 2,489
Amounts advanced 7,656 281
Amounts repaid (5,364 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,062 2,770

No interest has been charged on this account during the year (2023- £nil).

11. ULTIMATE CONTROLLING PARTY

By virtue of owning all of the issued share capital the company is controlled by it's directors.