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Registration number: 11090262

Beat Foods Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Beat Foods Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Beat Foods Ltd

(Registration number: 11090262)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

79,441

93,461

Current assets

 

Stocks

175,028

175,028

Debtors

5

596,698

596,697

Cash at bank and in hand

 

231

231

 

771,957

771,956

Creditors: Amounts falling due within one year

6

(511,411)

(511,411)

Net current assets

 

260,546

260,545

Total assets less current liabilities

 

339,987

354,006

Creditors: Amounts falling due after more than one year

6

(28,333)

(28,333)

Net assets

 

311,654

325,673

Capital and reserves

 

Called up share capital

416,767

416,767

Retained earnings

(105,113)

(91,094)

Shareholders' funds

 

311,654

325,673

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 and 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.

Approved and authorised by the Board on 21 July 2025 and signed on its behalf by:
 

.........................................
Mr L C Slaney
Director

 

Beat Foods 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 and Wales.

The address of its registered office is:
Ohc Building
Waymills Industrial Estate
Whitchurch
Shropshire
SY13 1TT
UK

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. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Tax

The tax expense for the period comprises current and deferred tax. 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.

The current 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.

 

Beat Foods Ltd

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

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:

Asset class

Depreciation method and rate

Computer Equipment

15% reducing balance

Fixtures and Fittings

15% reducing balance

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.

3

Staff numbers

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

 

Beat Foods Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

176,658

176,658

At 31 October 2024

176,658

176,658

Depreciation

At 1 November 2023

83,197

83,197

Charge for the year

14,020

14,020

At 31 October 2024

97,217

97,217

Carrying amount

At 31 October 2024

79,441

79,441

At 31 October 2023

93,461

93,461

5

Debtors

Current

2024
£

2023
£

Trade debtors

 

85,793

85,793

Owed by group undertakings

6,766

6,766

Other debtors

 

504,139

504,138

   

596,698

596,697

 

Beat Foods Ltd

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,000

10,000

Owed to related parties

472,526

472,526

Taxation and social security

 

27,385

27,385

Accruals and deferred income

 

1,500

1,500

 

511,411

511,411

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

28,333

28,333

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

28,333

28,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000