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Registration number: 11030550

CK Beckett Oil Processing 2017 Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

CK Beckett Oil Processing 2017 Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

CK Beckett Oil Processing 2017 Ltd

Company Information

Directors

Mr Malcolm Beckett

Mr Craig Leonard Beckett

Mr Daniel Thomas Beckett

Mr Nicholas Kane Dempsey-Foakes

Registered office

Boulder Bridge Shaw Lane
Carlton
Barnsley
South Yorkshire
S71 3HJ

Accountants

Upton & Co Accountants Limited
Chartered Certified Accountants
182 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

CK Beckett Oil Processing 2017 Ltd

(Registration number: 11030550)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

237,846

8,233

Investment property

5

383,885

158,766

 

621,731

166,999

Current assets

 

Stocks

6

123,720

104,250

Debtors

7

970,270

958,582

Cash at bank and in hand

 

42,861

180,833

 

1,136,851

1,243,665

Creditors: Amounts falling due within one year

8

(331,438)

(197,090)

Net current assets

 

805,413

1,046,575

Total assets less current liabilities

 

1,427,144

1,213,574

Creditors: Amounts falling due after more than one year

8

(73,125)

(20,412)

Net assets

 

1,354,019

1,193,162

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

1,353,919

1,193,062

Shareholders' funds

 

1,354,019

1,193,162

For the financial year ending 31 October 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

CK Beckett Oil Processing 2017 Ltd

(Registration number: 11030550)
Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

.........................................
Mr Malcolm Beckett
Director

 

CK Beckett Oil Processing 2017 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Boulder Bridge Shaw Lane
Carlton
Barnsley
South Yorkshire
S71 3HJ
England

These financial statements were authorised for issue by the Board on 22 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

CK Beckett Oil Processing 2017 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

CK Beckett Oil Processing 2017 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

CK Beckett Oil Processing 2017 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

13,721

-

13,721

Additions

4,560

244,355

248,915

At 31 October 2024

18,281

244,355

262,636

Depreciation

At 1 November 2023

5,488

-

5,488

Charge for the year

3,656

15,646

19,302

At 31 October 2024

9,144

15,646

24,790

Carrying amount

At 31 October 2024

9,137

228,709

237,846

At 31 October 2023

8,233

-

8,233

5

Investment properties

2024
£

At 1 November

158,766

Additions

424,922

Disposals

(199,803)

At 31 October

383,885

There has been no valuation of investment property by an independent valuer.

6

Stocks

2024
£

2023
£

Other inventories

123,720

104,250

 

CK Beckett Oil Processing 2017 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

(42,268)

13,742

Amounts owed by related parties

12

78,858

50,000

Other debtors

 

903,702

894,840

Prepayments

 

29,978

-

 

970,270

958,582

 

CK Beckett Oil Processing 2017 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

27,879

9,827

Trade creditors

 

234,482

81,923

Taxation and social security

 

67,837

104,265

Accruals and deferred income

 

1,240

1,075

 

331,438

197,090

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

73,125

20,412

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

9,887

20,412

Hire purchase contracts

63,238

-

73,125

20,412

Current loans and borrowings

 

CK Beckett Oil Processing 2017 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2024
£

2023
£

Bank borrowings

9,827

9,827

Hire purchase contracts

18,052

-

27,879

9,827

11

Dividends

12

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Repayments by director
£

At 31 October 2024
£

Mr Malcolm Beckett

DLA

201,919

(14,601)

187,318

2023

At 1 November 2022
£

Advances to director
£

At 31 October 2023
£

Mr Malcolm Beckett

DLA

96,000

105,919

201,919