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REGISTERED NUMBER: 03691975 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BETA ENGINEERING LIMITED

BETA ENGINEERING LIMITED (REGISTERED NUMBER: 03691975)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BETA ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: Mr I C Grimshaw





SECRETARY: Ms H J Wood





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 03691975 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

BETA ENGINEERING LIMITED (REGISTERED NUMBER: 03691975)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 13,098 17,371

CURRENT ASSETS
Debtors 5 10,287 16,393
Cash at bank 29,977 61,888
40,264 78,281
CREDITORS
Amounts falling due within one year 6 7,971 9,776
NET CURRENT ASSETS 32,293 68,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,391

85,876

PROVISIONS FOR LIABILITIES 3,275 4,771
NET ASSETS 42,116 81,105

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 42,114 81,103
SHAREHOLDERS' FUNDS 42,116 81,105

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





Mr I C Grimshaw - Director


BETA ENGINEERING LIMITED (REGISTERED NUMBER: 03691975)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Beta Engineering Limited is a private company, limited by shares, incorporated in England and Wales, registration number 03691975. The address of the registered office is 100, Barbirolli square, Manchester, United kingdom, M2 3BD and principal place of business is 45 Old Road, Cheadle, Stockport, Cheshire, SK8 2BP.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of manufacturing of machinery which are recognised at the point of which the goods or services are provided.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Plant and machinery15% on reducing balance
Fixtures and fittings20% on reducing balance
Motor vehicles25% on reducing balance

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

BETA ENGINEERING LIMITED (REGISTERED NUMBER: 03691975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1,517 7,309 29,852 38,678
DEPRECIATION
At 1 January 2024 984 6,960 13,363 21,307
Charge for year 80 70 4,123 4,273
At 31 December 2024 1,064 7,030 17,486 25,580
NET BOOK VALUE
At 31 December 2024 453 279 12,366 13,098
At 31 December 2023 533 349 16,489 17,371


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 288 5,011
Prepayments and accrued income 9,999 11,382
10,287 16,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,414 425
Tax 1,959 1,129
VAT 647 2,079
Accrued expenses 3,951 6,143
7,971 9,776

BETA ENGINEERING LIMITED (REGISTERED NUMBER: 03691975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the director .

Other debtors reflect balance owed by director to the company as at the Balance Sheet date 2024 - £288 (2023: £5,011).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I C Grimshaw.