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Registered number: 7350909
Beech Tree Kennels Ltd
Financial Statements
For The Year Ended 31 August 2024
Jenkins Accountants Ltd
17 Oaktree Road
South Molton
Devon
EX36 4FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 7350909
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 277,384 287,690
277,384 287,690
CURRENT ASSETS
Stocks 6 3,750 3,671
Debtors 7 8,967 10,230
Cash at bank and in hand 75,297 43,611
88,014 57,512
Creditors: Amounts Falling Due Within One Year 8 (34,692 ) (8,870 )
NET CURRENT ASSETS (LIABILITIES) 53,322 48,642
TOTAL ASSETS LESS CURRENT LIABILITIES 330,706 336,332
Creditors: Amounts Falling Due After More Than One Year 9 (250,998 ) (234,864 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,764 ) (15,611 )
NET ASSETS 70,944 85,857
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 70,942 85,855
SHAREHOLDERS' FUNDS 70,944 85,857
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S J Mason
Director
Mr S W Mason
Director
Mrs J Mason
Director
15/01/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Beech Tree Kennels Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7350909 . The registered office is East Hayne Farm, Bishops Nympton, South Molton, Devon, EX36 3QR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0% for buildings, 10% straight line field expend
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures, Fittings & Equipment 4% straight line
Computer and Office Equipment 33% traight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 35,000
As at 31 August 2024 35,000
Amortisation
As at 1 September 2023 35,000
As at 31 August 2024 35,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures, Fittings & Equipment
£ £ £ £
Cost
As at 1 September 2023 236,688 74,014 8,845 24,246
Additions - 4,353 - -
Disposals - (14,466 ) - -
As at 31 August 2024 236,688 63,901 8,845 24,246
Depreciation
As at 1 September 2023 4,074 49,357 2,211 5,344
Provided during the period 1,357 6,640 1,659 970
Disposals - (12,534 ) - -
As at 31 August 2024 5,431 43,463 3,870 6,314
Net Book Value
As at 31 August 2024 231,257 20,438 4,975 17,932
As at 1 September 2023 232,614 24,657 6,634 18,902
Computer and Office Equipment Total
£ £
Cost
As at 1 September 2023 8,664 352,457
Additions 1,032 5,385
Disposals - (14,466 )
As at 31 August 2024 9,696 343,376
Depreciation
As at 1 September 2023 3,781 64,767
Provided during the period 3,133 13,759
Disposals - (12,534 )
As at 31 August 2024 6,914 65,992
Net Book Value
As at 31 August 2024 2,782 277,384
As at 1 September 2023 4,883 287,690
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6. Stocks
2024 2023
£ £
Stock 3,750 3,671
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors (1,544 ) 1,115
Other debtors 10,511 9,115
8,967 10,230
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3 (1,016 )
Other creditors 4,984 3,506
Taxation and social security 29,705 6,380
34,692 8,870
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,500 16,500
Other loans - 27,543
Other creditors 240,498 190,821
250,998 234,864
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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