16 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 34,730 12,622 695 46,657 19,688 12,662 695 31,655 15,002 15,042 xbrli:pure xbrli:shares iso4217:GBP 12429245 2024-02-01 2025-01-31 12429245 2025-01-31 12429245 2024-01-31 12429245 2023-02-01 2024-01-31 12429245 2024-01-31 12429245 2023-01-31 12429245 bus:Director1 2024-02-01 2025-01-31 12429245 bus:Director2 2024-02-01 2025-01-31 12429245 bus:Director3 2024-02-01 2025-01-31 12429245 core:WithinOneYear 2025-01-31 12429245 core:WithinOneYear 2024-01-31 12429245 core:ShareCapital 2025-01-31 12429245 core:ShareCapital 2024-01-31 12429245 core:SharePremium 2025-01-31 12429245 core:SharePremium 2024-01-31 12429245 core:RetainedEarningsAccumulatedLosses 2025-01-31 12429245 core:RetainedEarningsAccumulatedLosses 2024-01-31 12429245 bus:Director1 2024-01-31 12429245 bus:Director2 2024-01-31 12429245 bus:Director3 2024-01-31 12429245 bus:Director1 2023-01-31 12429245 bus:Director1 2024-01-31 12429245 bus:Director2 2023-01-31 12429245 bus:Director2 2024-01-31 12429245 bus:Director3 2023-01-31 12429245 bus:Director3 2024-01-31 12429245 bus:Director1 2023-02-01 2024-01-31 12429245 bus:Director2 2023-02-01 2024-01-31 12429245 bus:Director3 2023-02-01 2024-01-31 12429245 bus:SmallEntities 2024-02-01 2025-01-31 12429245 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 12429245 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 12429245 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12429245 bus:FullAccounts 2024-02-01 2025-01-31 12429245 core:OfficeEquipment 2024-02-01 2025-01-31 12429245 core:OfficeEquipment 2024-01-31 12429245 core:OfficeEquipment 2025-01-31
COMPANY REGISTRATION NUMBER: 12429245
Beam Connectivity Limited
Filleted Unaudited Financial Statements
31 January 2025
Beam Connectivity Limited
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
15,002
15,042
Current assets
Stocks
33,331
26,000
Debtors
6
343,125
484,992
Cash at bank and in hand
520,466
864,214
---------
------------
896,922
1,375,206
Creditors: amounts falling due within one year
7
228,796
195,714
---------
------------
Net current assets
668,126
1,179,492
---------
------------
Total assets less current liabilities
683,128
1,194,534
Provisions
Taxation including deferred tax
( 140,832)
( 105,128)
---------
------------
Net assets
823,960
1,299,662
---------
------------
Capital and reserves
Called up share capital
1,592
1,592
Share premium account
1,199,408
1,199,408
Profit and loss account
( 377,040)
98,662
------------
------------
Shareholders funds
823,960
1,299,662
------------
------------
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 comprehensive income has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Beam Connectivity Limited
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 20 June 2025 , and are signed on behalf of the board by:
Dr T C Sors
Mr R Potter
Director
Director
Company registration number: 12429245
Beam Connectivity Limited
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakley House, Tetbury Road, Cirencester, Gloucestershire, GL7 1US.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered going concern and believe this to be an appropriate basis on which to prepare these accounts. The directors have agreed to continue to support the company to ensure that it can meet its obligations as they fall due.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Equipment
-
33% straight line
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. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2024: 12 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 February 2024
34,730
34,730
Additions
12,622
12,622
Disposals
( 695)
( 695)
--------
--------
At 31 January 2025
46,657
46,657
--------
--------
Depreciation
At 1 February 2024
19,688
19,688
Charge for the year
12,662
12,662
Disposals
( 695)
( 695)
--------
--------
At 31 January 2025
31,655
31,655
--------
--------
Carrying amount
At 31 January 2025
15,002
15,002
--------
--------
At 31 January 2024
15,042
15,042
--------
--------
6. Debtors
2025
2024
£
£
Trade debtors
134,940
305,987
Other debtors
208,185
179,005
---------
---------
343,125
484,992
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
27,227
Social security and other taxes
85,100
42,064
Other creditors
143,696
126,423
---------
---------
228,796
195,714
---------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Dr T C Sors
( 378)
378
Mr R Potter
( 943)
943
Mr T Homewood
( 943)
943
-------
-------
----
( 2,264)
2,264
-------
-------
----
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Dr T C Sors
( 366)
( 12)
( 378)
Mr R Potter
( 931)
( 12)
( 943)
Mr T Homewood
( 931)
( 12)
( 943)
-------
----
-------
( 2,228)
( 36)
( 2,264)
-------
----
-------