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REGISTERED NUMBER: 05587283 (England and Wales)















BEACON AUTOS (WEST MIDLANDS) LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2024






BEACON AUTOS (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 05587283)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


BEACON AUTOS (WEST MIDLANDS) LIMITED

Company Information
for the year ended 31 October 2024







Director: K Perry





Registered office: 38 Rectory Road
Sutton Coldfield
West Midlands
B75 7AS





Registered number: 05587283 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Accountants' Report to the Director
on the Unaudited Financial Statements of
Beacon Autos (West Midlands) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beacon Autos (West Midlands) Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Beacon Autos (West Midlands) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Beacon Autos (West Midlands) Limited and state those matters that we have agreed to state to the director of Beacon Autos (West Midlands) Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Beacon Autos (West Midlands) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beacon Autos (West Midlands) Limited. You consider that Beacon Autos (West Midlands) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Beacon Autos (West Midlands) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


Date: .............................................

BEACON AUTOS (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 05587283)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 76,417 78,103

Current assets
Stocks 7,500 5,000
Debtors 5 227,087 177,398
Cash at bank and in hand 517,742 478,998
752,329 661,396
Creditors
Amounts falling due within one year 6 138,073 125,146
Net current assets 614,256 536,250
Total assets less current liabilities 690,673 614,353

Provisions for liabilities 12,113 15,462
Net assets 678,560 598,891

Capital and reserves
Called up share capital 100 100
Retained earnings 678,460 598,791
Shareholders' funds 678,560 598,891

BEACON AUTOS (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 05587283)

Balance Sheet - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





K Perry - Director


BEACON AUTOS (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 05587283)

Notes to the Financial Statements
for the year ended 31 October 2024

1. Statutory information

Beacon Autos (West Midlands) 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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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.

At each period end the director reviews the carrying amounts of fixed assets for indicators of impairment. Where such indication exists, the recoverable amount of the asset is estimated and the difference between recoverable amount and carrying amount is released as an impairment loss to Profit or Loss. Impairment losses may subsequently be reversed fully or partially, if the conditions of impairment no longer apply, with the reversal credited to Profit or Loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are reviewed for impairment (see fixed asset note for further details).

Financial instruments
The company has adopted the small company exemption from the FRS 102 disclosure requirements in respect of financial instruments.

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


BEACON AUTOS (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 05587283)

Notes to the Financial Statements - continued
for the year ended 31 October 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

3. Employees and directors

The average number of employees during the year was 12 (2023 - 12 ) .

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£ £ £
Cost
At 1 November 2023 162,246 152,641 314,887
Additions 187 13,495 13,682
At 31 October 2024 162,433 166,136 328,569
Depreciation
At 1 November 2023 112,083 124,701 236,784
Charge for year 7,529 7,839 15,368
At 31 October 2024 119,612 132,540 252,152
Net book value
At 31 October 2024 42,821 33,596 76,417
At 31 October 2023 50,163 27,940 78,103

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 214,697 171,962
Prepayments 12,390 5,436
227,087 177,398

BEACON AUTOS (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 05587283)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 42,484 32,204
Tax 38,173 39,330
Social security and other taxes 4,858 6,282
Net Wages/Pensions - 250
VAT 38,824 31,649
Other creditors 9,806 11,503
Directors' current accounts 1,043 1,043
Accrued expenses 2,885 2,885
138,073 125,146