Registered number
OC398839
Beacon Support Services (Europe) LLP
Accounts
30 April 2024
Beacon Support Services (Europe) LLP
Report and accounts
Contents
Page
Profit and loss account 1
Balance sheet 2
Reconciliation of members' interests 3
Notes to the accounts 4,5,6,7
Beacon Support Services (Europe) LLP
Profit and Loss Account
for the year ended 30 April 2024
2024 2023
£ £
Turnover 1,750,659 1,740,447
Cost of sales (1,169,503) (1,130,822)
Gross profit 581,156 609,625
Administrative expenses (417,723) (763,307)
Other operating income - 1
Operating profit/(loss) 163,433 (153,681)
Interest payable (6,867) (3,045)
Profit/(loss) before members' remuneration and profit share 156,566 (156,726)
Profit/(loss) for the financial year available for discretionary division among members 156,566 (156,726)
Beacon Support Services (Europe) LLP
Registered number: OC398839
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 297,620 223,781
Investments 4 - 9,000
297,620 232,781
Current assets
Debtors 5 65,372 140,372
Cash at bank and in hand 134 -
65,506 140,372
Creditors: amounts falling due within one year 6 (392,767) (985,080)
Net current liabilities (327,261) (844,708)
Total assets less current liabilities (29,641) (611,927)
Creditors: amounts falling due after more than one year 7 (34,514) (33,535)
Net liabilities attributable to members (64,155) (645,462)
Represented by:
Loans and other debts due to members 8 (227,948) (652,689)
Members' other interests
Other reserves 163,793 7,227
(64,155) (645,462)
Total members' interests
Loans and other debts due to members 8 (227,948) (652,689)
Members' other interests 163,793 7,227
(64,155) (645,462)
For the year ended 30 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 24 April 2025 and signed on their behalf by:
G Alder
Designated member
Beacon Support Services (Europe) LLP
Reconciliation of Members' Interests
for the year ended 30 April 2024
£
EQUITY DEBT TOTAL
Members' other interests Loans and other debts due to members
less any amounts due from members
in debtors
Members' capital (classified as equity) Revaluation reserve Other reserves Total Members' capital (classified as debt) Other amounts Total Total members' interests
Balance at 1 May 2023 - - 7,227 7,227 - (652,689) (652,689) (645,462)
Profit for the financial year available for discretionary division among members 156,566 156,566 156,566
Members' interests after profit for the year - - 163,793 163,793 - (652,689) (652,689) (488,896)
Introduced by members - - - 1,405,115 1,405,115 1,405,115
Repaid to members - - - (980,374) (980,374) (980,374)
Balance at 30 April 2024 - - 163,793 163,793 - (227,948) (227,948) (64,155)
Beacon Support Services (Europe) LLP
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor Vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 25,592 574,710 600,302
Additions - 32,000 32,000
Disposals - (96,710) (96,710)
At 30 April 2024 25,592 510,000 535,592
Depreciation
At 1 May 2023 15,354 361,167 376,521
Charge for the year 5,118 32,500 37,618
On disposals - (176,167) (176,167)
At 30 April 2024 20,472 217,500 237,972
Net book value
At 30 April 2024 5,120 292,500 297,620
At 30 April 2023 10,238 213,543 223,781
4 Fixed asset investments
Other
investments
£
Cost
At 1 May 2023 9,000
Disposals (9,000)
At 30 April 2024 -
5 Debtors 2024 2023
£ £
Trade debtors 65,372 140,372
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 21,470 21,024
Obligations under finance lease and hire purchase contracts 230,333 393,136
Trade creditors - 184,921
VAT payable 14,327 12,250
Paye payable 1,336 2,749
Accruals and deferred income - 46,000
Pensions payable 301 -
Other creditors 125,000 325,000
392,767 985,080
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,514 33,535
8 Loans and other debts due to members 2024 2023
£ £
Loans to members (227,948) (652,689)
Amounts falling due within one year (227,948) (652,689)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
9 Other information
Beacon Support Services (Europe) LLP is a limited liability partnership incorporated in England. Its registered office is:
Bates Business Park
Church Road
Romford
Essex
RM3 0JF
Beacon Support Services (Europe) LLP
Administrative expenses
for the year ended 30 April 2024
This schedule does not form part of the statutory accounts of the LLP
2024 2023
£ £
Employee costs 196,125 212,341
Premises costs 25,651 24,400
General administrative expenses 37,340 40,296
Motor expenses 27,428 16,816
Travel and subsistence 6,628 4,580
Advertising, promotion and entertainment 7,407 5,952
Legal and professional costs 44,428 162,021
Other finance charges 33,307 39,017
Depreciation and loss/(profit) on sale 37,618 255,845
Other expenses 1,791 2,039
417,723 763,307
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