Company registration number 02828062 (England and Wales)
BECK ENTERPRISES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BECK ENTERPRISES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BECK ENTERPRISES LIMITED (REGISTERED NUMBER: 02828062)
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
105,479
138,784
Current assets
Stocks
10,000
32,355
Debtors
4
285,676
246,891
Cash at bank and in hand
500
3,515
296,176
282,761
Creditors: amounts falling due within one year
5
(314,680)
(296,345)
Net current liabilities
(18,504)
(13,584)
Total assets less current liabilities
86,975
125,200
Creditors: amounts falling due after more than one year
6
(151,214)
(124,248)
Net (liabilities)/assets
(64,239)
952
Capital and reserves
Called up share capital
8
102
102
Profit and loss reserves
(64,341)
850
Total equity
(64,239)
952
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
BECK ENTERPRISES LIMITED (REGISTERED NUMBER: 02828062)
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 29 April 2025 and are signed on its behalf by:
A P Dowding ESQ
Director
BECK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information
Beck Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The balance sheet shows net liabilities. The loans are the main creditor of the company and the directors have confirmed that they will continue to support the company for the foreseeable future. Therefore, the accounts have been prepared on a going concern basis.true
1.3
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.
Turnover for the sale of goods is recognised when all of the following conditions are met: |
- The company has transferred the significant risks and rewards of ownership to the buyer; |
- the amount of turnover can be recognised reliably and; - It is probable that the company will receive the consideration due under the transaction. |
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- The amount of turnover can be measure reliably.
- It is probable that the company will receive the consideration under the contract.
- The stage of completion of the contract at the end of the reporting period can be measure reliably; and
- The costs incurred and the costs to complete the contract can be measure reliably.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
BECK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
- 25% on reducing balance
Motor vehicles
- 25% on reducing balance
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.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.6
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
BECK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
9
9
3
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
342,248
191,612
533,860
Additions
1,804
1,804
At 30 September 2024
344,052
191,612
535,664
Depreciation and impairment
At 1 October 2023
249,734
145,342
395,076
Depreciation charged in the year
23,542
11,567
35,109
At 30 September 2024
273,276
156,909
430,185
Carrying amount
At 30 September 2024
70,776
34,703
105,479
At 30 September 2023
92,514
46,270
138,784
At the year-end, assets with a net book value of £34,289 (2023 : £90,525) were held under hire purchase agreements.
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
56,722
173,714
Other debtors
228,954
73,177
285,676
246,891
BECK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
43,884
30,050
Trade creditors
1,898
24,877
Taxation and social security
163,084
148,901
Other creditors
105,814
92,517
314,680
296,345
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
151,214
111,068
Other creditors
13,180
151,214
124,248
7
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
13,180
30,203
In two to five years
13,180
13,180
43,383
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
50
50
50
50
Ordinary B of £1 each
50
50
50
50
Deferred A of £1 each
1
1
1
1
Deferred B of £1 each
1
1
1
1
102
102
102
102
BECK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
9
Financial commitments, guarantees and contingent liabilities
Included within loans and other creditors is an amount of £31,819 (2023 : £50,001) borrowed as part of the CBIL scheme in 2021.
The initial amount borrowed was £100,000 and as part of the loan scheme the UK government guaranteed the advance and paid the interest and fees due for the first 12 months.
The loan now attracts an interest rate of 2.50%.
10
Directors' transactions
Included within other debtors is an overdrawn director's loan account of £209,237 (2023 : £49,360). This was fully repaid in April 2025 when the director introduced £382,000 into the company.