IRIS Accounts Production v25.1.4.42 01929917 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019299172023-12-31019299172024-12-31019299172024-01-012024-12-31019299172022-12-31019299172023-01-012023-12-31019299172023-12-3101929917ns15:EnglandWales2024-01-012024-12-3101929917ns14:PoundSterling2024-01-012024-12-3101929917ns10:Director12024-01-012024-12-3101929917ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101929917ns10:SmallEntities2024-01-012024-12-3101929917ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101929917ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101929917ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101929917ns10:FullAccounts2024-01-012024-12-3101929917ns10:OrdinaryShareClass12024-01-012024-12-3101929917ns10:Director22024-01-012024-12-3101929917ns10:CompanySecretary12024-01-012024-12-3101929917ns10:RegisteredOffice2024-01-012024-12-3101929917ns5:CurrentFinancialInstruments2024-12-3101929917ns5:CurrentFinancialInstruments2023-12-3101929917ns5:ShareCapital2024-12-3101929917ns5:ShareCapital2023-12-3101929917ns5:RetainedEarningsAccumulatedLosses2024-12-3101929917ns5:RetainedEarningsAccumulatedLosses2023-12-3101929917ns5:PlantMachinery2024-01-012024-12-3101929917ns5:FurnitureFittings2024-01-012024-12-3101929917ns5:PlantMachinery2023-12-3101929917ns5:FurnitureFittings2023-12-3101929917ns5:PlantMachinery2024-12-3101929917ns5:FurnitureFittings2024-12-3101929917ns5:PlantMachinery2023-12-3101929917ns5:FurnitureFittings2023-12-3101929917ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101929917ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101929917ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 01929917 (England and Wales)













BEAUFORT RESEARCH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






BEAUFORT RESEARCH LIMITED (REGISTERED NUMBER: 01929917)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEAUFORT RESEARCH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr C P Timmins
Ms F J McAllister





SECRETARY: Mr C P Timmins





REGISTERED OFFICE: Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 01929917 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

BEAUFORT RESEARCH LIMITED (REGISTERED NUMBER: 01929917)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 12,719 14,673

CURRENT ASSETS
Stocks 300 300
Debtors 5 988,226 555,014
Cash at bank and in hand 219,694 468,739
1,208,220 1,024,053
CREDITORS
Amounts falling due within one year 6 166,474 165,757
NET CURRENT ASSETS 1,041,746 858,296
TOTAL ASSETS LESS CURRENT LIABILITIES 1,054,465 872,969

PROVISIONS FOR LIABILITIES 2,500 2,158
NET ASSETS 1,051,965 870,811

CAPITAL AND RESERVES
Called up share capital 7 10,250 10,250
Retained earnings 1,041,715 860,561
SHAREHOLDERS' FUNDS 1,051,965 870,811

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:



Ms F J McAllister - Director


BEAUFORT RESEARCH LIMITED (REGISTERED NUMBER: 01929917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Beaufort Research Limited 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% straight line on cost
Fixtures and fittings - 12.5% straight line on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

BEAUFORT RESEARCH LIMITED (REGISTERED NUMBER: 01929917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 January 2024 82,030 17,139 99,169
Additions 3,808 - 3,808
Disposals (59,929 ) (6,239 ) (66,168 )
At 31 December 2024 25,909 10,900 36,809
DEPRECIATION
At 1 January 2024 71,885 12,611 84,496
Charge for year 4,445 1,317 5,762
Eliminated on disposal (59,929 ) (6,239 ) (66,168 )
At 31 December 2024 16,401 7,689 24,090
NET BOOK VALUE
At 31 December 2024 9,508 3,211 12,719
At 31 December 2023 10,145 4,528 14,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 170,331 183,961
Amounts owed by group undertakings 787,186 320,611
Other debtors 30,709 50,442
988,226 555,014

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 25,035 16,324
Taxation and social security 96,263 130,702
Other creditors 45,176 18,731
166,474 165,757

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10,250 Ordinary £1 10,250 10,250