Company No:
Contents
| Note | 30.09.2024 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 3 |
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| 4,397 | ||
| Current assets | ||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 11,587 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (48,463) | |
| Total assets less current liabilities | (44,066) | |
| Net liabilities | (
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| Capital and reserves | ||
| Called-up share capital | 6 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Beoto Design Limited (registered number:
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Mr J M Warrington
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Beoto Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Office 271 The Engine Room, 18 The Power Station, London, SW11 8BZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £44,066. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s400
The Company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
| Office equipment |
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| Computer equipment |
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Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
| Period from 11.09.2023 to 30.09.2024 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including directors |
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| Office equipment | Computer equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 11 September 2023 |
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| Additions |
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| At 30 September 2024 |
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| Accumulated depreciation | |||||
| At 11 September 2023 |
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| Charge for the financial period |
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| At 30 September 2024 |
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| Net book value | |||||
| At 30 September 2024 |
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| 30.09.2024 | |
| £ | |
| Trade debtors |
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| VAT recoverable |
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| Other debtors |
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| 30.09.2024 | |
| £ | |
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Amounts owed to directors |
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| Accruals and deferred income |
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| Other creditors |
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| 30.09.2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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Commitments
| 30.09.2024 | |
| £ | |
| Total future minimum lease payments under non-cancellable operating lease |
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Transactions with entities in which the entity itself has a participating interest
As a wholly owned subsidiary undertaking of their parent company, Turas Nadarra Limited, (Registered office: Office 271 The Engine Room, 18 The Power Station, London, England, SW11 8BZ), the company has taken advantage of the exemption in paragraph 1AC.35 of FRS102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the group.
Transactions with the entity's directors
| 30.09.2024 | |
| £ | |
| Amount owed to the directors from the company | 18,579 |
At the year-end, the company owed a director £18,579. This loan is interest free and has no fixed date for repayment.