4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 30,000 30,000 3,151 165 3,316 xbrli:pure xbrli:shares iso4217:GBP 04813990 2023-10-01 2024-09-30 04813990 2024-09-30 04813990 2023-09-30 04813990 2022-10-01 2023-09-30 04813990 2023-09-30 04813990 2022-09-30 04813990 core:NetGoodwill 2023-10-01 2024-09-30 04813990 core:PlantMachinery 2023-10-01 2024-09-30 04813990 core:MotorVehicles 2023-10-01 2024-09-30 04813990 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 04813990 bus:Director1 2023-10-01 2024-09-30 04813990 core:WithinOneYear 2024-09-30 04813990 core:WithinOneYear 2023-09-30 04813990 core:NetGoodwill 2024-09-30 04813990 core:PlantMachinery 2023-09-30 04813990 core:MotorVehicles 2023-09-30 04813990 core:PlantMachinery 2024-09-30 04813990 core:MotorVehicles 2024-09-30 04813990 core:DeferredTaxation 2023-10-01 2024-09-30 04813990 core:AfterOneYear 2024-09-30 04813990 core:AfterOneYear 2023-09-30 04813990 core:ShareCapital 2024-09-30 04813990 core:ShareCapital 2023-09-30 04813990 core:RetainedEarningsAccumulatedLosses 2024-09-30 04813990 core:RetainedEarningsAccumulatedLosses 2023-09-30 04813990 core:PlantMachinery 2023-09-30 04813990 core:MotorVehicles 2023-09-30 04813990 core:DeferredTaxation 2023-09-30 04813990 core:DeferredTaxation 2024-09-30 04813990 bus:SmallEntities 2023-10-01 2024-09-30 04813990 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04813990 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04813990 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04813990 bus:FullAccounts 2023-10-01 2024-09-30 04813990 bus:OrdinaryShareClass1 2024-09-30 04813990 bus:OrdinaryShareClass1 2023-09-30
COMPANY REGISTRATION NUMBER: 04813990
Clive Beardall Restorations Limited
Filleted Unaudited Financial Statements
30 September 2024
Clive Beardall Restorations Limited
Financial Statements
Year ended 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Clive Beardall Restorations Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
13,265
16,581
Current assets
Stocks
18,615
17,729
Debtors
7
49,587
47,342
Cash at bank and in hand
50,442
52,895
---------
---------
118,644
117,966
Creditors: amounts falling due within one year
8
45,141
41,913
---------
---------
Net current assets
73,503
76,053
--------
--------
Total assets less current liabilities
86,768
92,634
Creditors: amounts falling due after more than one year
9
7,500
17,500
Provisions
Taxation including deferred tax
10
3,316
3,151
--------
--------
Net assets
75,952
71,983
--------
--------
Capital and reserves
Called up share capital
11
100
100
Profit and loss account
75,852
71,883
--------
--------
Shareholders funds
75,952
71,983
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Clive Beardall Restorations Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
Mr C J Beardall
Director
Company registration number: 04813990
Clive Beardall Restorations Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 OAW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Equipment
-
20% reducing balance
Motor Vehicles
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
30,000
--------
Amortisation
At 1 October 2023 and 30 September 2024
30,000
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
7,820
31,691
39,511
-------
--------
--------
Depreciation
At 1 October 2023
6,653
16,277
22,930
Charge for the year
233
3,083
3,316
-------
--------
--------
At 30 September 2024
6,886
19,360
26,246
-------
--------
--------
Carrying amount
At 30 September 2024
934
12,331
13,265
-------
--------
--------
At 30 September 2023
1,167
15,414
16,581
-------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
10,704
4,782
Director's loan account
38,883
42,560
--------
--------
49,587
47,342
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
5,269
4,779
Accruals and deferred income
3,491
3,350
Corporation tax
14,501
12,125
Social security and other taxes
10,319
8,729
Other taxes and social security
1,184
1,187
Amounts owed to related party
1,500
Other creditors
377
243
--------
--------
45,141
41,913
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,500
17,500
-------
--------
10. Provisions
Deferred tax
£
At 1 October 2023
3,151
Additions
165
-------
At 30 September 2024
3,316
-------
11. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
12. Director's advances, credits and guarantees
At the year end C J Beardall owed the company £38,883 (2023 - £42,560). Interest of £927 (2023 - £1,054) has been charged on this loan.
13. Related party transactions
At the year end the company owed a related party £Nil (2023 - £1,500) which is shown amongst creditors.