IRIS Accounts Production v25.1.4.42 11000480 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false 475945 475945 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110004802023-12-31110004802024-12-31110004802024-01-012024-12-31110004802022-12-31110004802023-01-012023-12-31110004802023-12-3111000480ns15:EnglandWales2024-01-012024-12-3111000480ns14:PoundSterling2024-01-012024-12-3111000480ns10:Director12024-01-012024-12-3111000480ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3111000480ns10:SmallEntities2024-01-012024-12-3111000480ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3111000480ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3111000480ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3111000480ns10:FullAccounts2024-01-012024-12-311100048012024-01-012024-12-3111000480ns10:Director2422024-01-012024-12-3111000480ns10:Director2422024-12-3111000480ns10:Director22024-01-012024-12-3111000480ns10:RegisteredOffice2024-01-012024-12-3111000480ns5:CurrentFinancialInstruments2024-12-3111000480ns5:CurrentFinancialInstruments2023-12-3111000480ns5:Non-currentFinancialInstruments2024-12-3111000480ns5:Non-currentFinancialInstruments2023-12-3111000480ns5:ShareCapital2024-12-3111000480ns5:ShareCapital2023-12-3111000480ns5:RetainedEarningsAccumulatedLosses2024-12-3111000480ns5:RetainedEarningsAccumulatedLosses2023-12-3111000480ns5:NetGoodwill2024-01-012024-12-3111000480ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3111000480ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-3111000480ns5:ComputerSoftware2024-01-012024-12-3111000480ns5:PlantMachinery2024-01-012024-12-3111000480ns5:NetGoodwill2023-12-3111000480ns5:IntangibleAssetsOtherThanGoodwill2023-12-3111000480ns5:NetGoodwill2024-12-3111000480ns5:IntangibleAssetsOtherThanGoodwill2024-12-3111000480ns5:NetGoodwill2023-12-3111000480ns5:IntangibleAssetsOtherThanGoodwill2023-12-3111000480ns5:PlantMachinery2023-12-3111000480ns5:PlantMachinery2024-12-3111000480ns5:PlantMachinery2023-12-3111000480ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3111000480ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3111000480ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3111000480ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3111000480ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3111000480ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3111000480ns5:HirePurchaseContracts2024-12-3111000480ns5:HirePurchaseContracts2023-12-3111000480ns5:WithinOneYear2024-12-3111000480ns5:WithinOneYear2023-12-3111000480ns5:BetweenOneFiveYears2024-12-3111000480ns5:BetweenOneFiveYears2023-12-3111000480ns5:AllPeriods2024-12-3111000480ns5:AllPeriods2023-12-3111000480ns5:DeferredTaxation2023-12-3111000480ns5:DeferredTaxation2024-01-012024-12-3111000480ns5:DeferredTaxation2024-12-31110004801ns10:Director12023-12-31110004801ns10:Director12022-12-31110004801ns10:Director12024-01-012024-12-31110004801ns10:Director12023-01-012023-12-31110004801ns10:Director12024-12-31110004801ns10:Director12023-12-31
REGISTERED NUMBER: 11000480 (England and Wales)















BEEGRIP LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






BEEGRIP LTD (REGISTERED NUMBER: 11000480)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEEGRIP LTD

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: R S Greathead
Mrs A E Wright





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 11000480 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

BEEGRIP LTD (REGISTERED NUMBER: 11000480)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 77,656 106,441
Tangible assets 5 92,090 119,587
169,746 226,028

CURRENT ASSETS
Stocks 230,886 153,853
Debtors 6 1,546,053 480,446
Cash at bank 156,180 44,742
1,933,119 679,041
CREDITORS
Amounts falling due within one year 7 (947,554 ) (307,357 )
NET CURRENT ASSETS 985,565 371,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,155,311

597,712

CREDITORS
Amounts falling due after more than one
year

8

(41,462

)

(29,288

)

PROVISIONS FOR LIABILITIES 11 (18,630 ) (23,659 )
NET ASSETS 1,095,219 544,765

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,095,119 544,665
SHAREHOLDERS' FUNDS 1,095,219 544,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BEEGRIP LTD (REGISTERED NUMBER: 11000480)

BALANCE SHEET - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





R S Greathead - Director


BEEGRIP LTD (REGISTERED NUMBER: 11000480)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Beegrip Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised on the supply of goods to the customer excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


BEEGRIP LTD (REGISTERED NUMBER: 11000480)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 59,500 228,351 287,851
AMORTISATION
At 1 January 2024 38,675 142,735 181,410
Charge for year 5,950 22,835 28,785
At 31 December 2024 44,625 165,570 210,195
NET BOOK VALUE
At 31 December 2024 14,875 62,781 77,656
At 31 December 2023 20,825 85,616 106,441

BEEGRIP LTD (REGISTERED NUMBER: 11000480)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 187,419
Additions 38,465
Disposals (66,672 )
At 31 December 2024 159,212
DEPRECIATION
At 1 January 2024 67,832
Charge for year 30,698
Eliminated on disposal (31,408 )
At 31 December 2024 67,122
NET BOOK VALUE
At 31 December 2024 92,090
At 31 December 2023 119,587

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 999,973 449,351
Other debtors 546,080 31,095
1,546,053 480,446

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 10,488 2,602
Trade creditors 554,356 179,895
Taxation and social security 260,626 80,352
Other creditors 112,084 34,508
947,554 307,357

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 16,667
Hire purchase contracts (see note 9) 34,795 12,621
41,462 29,288

BEEGRIP LTD (REGISTERED NUMBER: 11000480)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,488 2,602
Between one and five years 34,795 12,621
45,283 15,223

Non-cancellable operating leases
2024 2023
£    £   
Within one year 12,400 -
Between one and five years 20,666 -
33,066 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchases 45,283 15,223

Hire purchases are secured against the relevant asset to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,630 23,659

Deferred
tax
£   
Balance at 1 January 2024 23,659
Provided during year (5,029 )
Balance at 31 December 2024 18,630

BEEGRIP LTD (REGISTERED NUMBER: 11000480)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
R S Greathead and Mrs A E Wright
Balance outstanding at start of year - -
Amounts advanced 475,945 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 475,945 -

13. RELATED PARTY DISCLOSURES

Loans owing to the company by the directors of £475,945 were outstanding at the year end, repayable on demand. The loan was undertaken under normal market conditions.