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Registration number: 01145746

A.E. Beckett & Sons (Developments) Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

A.E. Beckett & Sons (Developments) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

A.E. Beckett & Sons (Developments) Limited

Company Information

Directors

S Beckett

AJ Beckett

Company secretary

S Beckett

Registered office

Heath Farm
Alcester Road
Wythall
Birmingham
B47 6AJ

Auditors

Bissell & Brown Midlands Ltd
Statutory Auditor
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ

 

A.E. Beckett & Sons (Developments) Limited

(Registration number: 01145746)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

650,421

680,041

Current assets

 

Debtors

5

773,485

625,706

Creditors: Amounts falling due within one year

6

(49,416)

(49,886)

Net current assets

 

724,069

575,820

Total assets less current liabilities

 

1,374,490

1,255,861

Provisions for liabilities

(36,798)

(38,973)

Net assets

 

1,337,692

1,216,888

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

1,336,692

1,215,888

Shareholders' funds

 

1,337,692

1,216,888

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 directors' report and the Profit and Loss Account.

Approved and authorised by the Board on 3 June 2025 and signed on its behalf by:
 

.........................................
S Beckett
Company secretary and director

 

A.E. Beckett & Sons (Developments) Limited

Notes to the Financial Statements for the Year Ended 31 December 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:
Heath Farm
Alcester Road
Wythall
Birmingham
B47 6AJ
United Kingdom

These financial statements were authorised for issue by the Board on 3 June 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 

A.E. Beckett & Sons (Developments) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Audit report

The Independent Auditor's Report was qualified. The company do not classify any of its freehold property as investment property. It continues to treat all property as “Property, Plant and Equipment” and to recognise in the Balance Sheet at depreciated historical cost. This policy is not in accordance with Financial Reporting Standard 102 (FRS102) which defines Investment Property as property (land and building, or part of a building, or both) held by the owner, or by the trustee under a finance lease, to earn rentals or for capital appreciation or both. FRS102 requires that investment property is carried at its fair value (being the properties’ market value) at each Balance Sheet date, with any gains or losses being recognised in the profit and loss accounts for the year.. The name of the Senior Statutory Auditor who signed the audit report on 3 June 2025 was Paul Matthews, who signed for and on behalf of Bissell & Brown Midlands Ltd.

.........................................

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 and deferred 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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Asset class

Depreciation method and rate

Land and building

2% straight line

Properties under construction

2% straight line

 

A.E. Beckett & Sons (Developments) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Properties under construction
 £

Total
£

Cost or valuation

At 1 January 2024

826,975

1,227,296

2,054,271

At 31 December 2024

826,975

1,227,296

2,054,271

Depreciation

At 1 January 2024

324,444

1,049,786

1,374,230

Charge for the year

16,539

13,081

29,620

At 31 December 2024

340,983

1,062,867

1,403,850

Carrying amount

At 31 December 2024

485,992

164,429

650,421

At 31 December 2023

502,531

177,510

680,041

Included within the net book value of land and buildings above is £485,992 (2023 - £502,531) in respect of freehold land and buildings.
 

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

773,485

625,706

   

773,485

625,706

 

A.E. Beckett & Sons (Developments) Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

49,416

49,886

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

8

Related party transactions

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 entities within the group.

9

Parent and ultimate parent undertaking

The company's immediate parent is A E Beckett & Sons Limited, incorporated in England.

 The ultimate controlling party is Mr S Beckett.