Company registration number: 08581180
Unaudited financial statements
for the year ended 31 March 2025
for
Steve Beaumont Limited
Pages for filing with the Registrar
Company registration number: 08581180
Steve Beaumont Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 1 1
Tangible assets 5 166,010 216,735
166,011 216,736
Current assets
Stocks 107,884 100,160
Debtors 172,825 173,986
Cash at bank and in hand 53,675 93,519
334,384 367,665
Creditors: amounts falling due within one
year
(175,056) (151,174)
Net current assets 159,328 216,491
Total assets less current liabilities 325,339 433,227
Creditors: Amounts falling due after more
than one year
(60,623) (120,422)
Provisions for liabilities (41,503) -
NET ASSETS 223,213 312,805
Capital and reserves
Called up share capital 11 11
Profit and loss account 223,202 312,794
TOTAL EQUITY 223,213 312,805
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 08581180
Steve Beaumont Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 6 August 2025 and signed on its behalf by:
Mr S Beaumont, Director
6 August 2025
2
Steve Beaumont Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Steve Beaumont Limited is a private company registered in England and Wales. Its registered number is 08581180. The company is limited by shares. Its registered office is Unit 13 Linkmel Road, Eastwood, Nottingham, NG16 3RZ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 20% straight line
Licences - 20% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% straight line
Motor vehicles - 20% straight line
Computer equipment - 33% straight line
3
Steve Beaumont Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
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 taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 5 (2024 - 5).
4
Steve Beaumont Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Intangible assets
Goodwill Other
intangible
assets
Totals
£ £ £
Cost
At 1 April 2024 22,940 12,500 35,440
At 31 March 2025 22,940 12,500 35,440
Amortisation
At 1 April 2024 22,939 12,500 35,439
At 31 March 2025 22,939 12,500 35,439
Net book value
At 31 March 2025 1 - 1
At 31 March 2024 1 - 1
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 302,006
Additions 7,824
At 31 March 2025 309,830
Depreciation
At 1 April 2024 85,271
Charge for year 58,549
At 31 March 2025 143,820
Net book value
At 31 March 2025 166,010
At 31 March 2024 216,735
5