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Registered number: 11717512
Beacon Storage Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11717512
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 358,394 303,745
358,394 303,745
CURRENT ASSETS
Debtors 5 10,787 13,963
Cash at bank and in hand 143,773 103,929
154,560 117,892
Creditors: Amounts Falling Due Within One Year 6 (205,409 ) (197,464 )
NET CURRENT ASSETS (LIABILITIES) (50,849 ) (79,572 )
TOTAL ASSETS LESS CURRENT LIABILITIES 307,545 224,173
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,719 ) (36,002 )
NET ASSETS 255,826 188,171
CAPITAL AND RESERVES
Called up share capital 7 6 6
Profit and Loss Account 255,820 188,165
SHAREHOLDERS' FUNDS 255,826 188,171
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C S Simmons
Director
24 August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Beacon Storage Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rental and storage income
Rental and storage income from operating leases is recognised on a straight-line basis over the lease term. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Improvements to Property 2% on cost
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings Straight line over 4 years
Computer Equipment Straight line over 3 years
2.4. Taxation
Taxation for the year comprises current and deferred tax.  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 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.
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Improvements to Property Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 82,508 351,660 30,000 2,333
Additions 13,350 92,273 - -
As at 31 December 2024 95,858 443,933 30,000 2,333
Depreciation
As at 1 January 2024 7,751 132,577 22,881 1,325
Provided during the period 1,917 46,708 1,780 583
As at 31 December 2024 9,668 179,285 24,661 1,908
Net Book Value
As at 31 December 2024 86,190 264,648 5,339 425
As at 1 January 2024 74,757 219,083 7,119 1,008
Computer Equipment Total
£ £
Cost
As at 1 January 2024 4,736 471,237
Additions 1,515 107,138
As at 31 December 2024 6,251 578,375
Depreciation
As at 1 January 2024 2,958 167,492
Provided during the period 1,501 52,489
As at 31 December 2024 4,459 219,981
Net Book Value
As at 31 December 2024 1,792 358,394
As at 1 January 2024 1,778 303,745
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,373 8,697
Prepayments and accrued income 4,662 4,514
Other debtors 752 752
10,787 13,963
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,635 1,323
Corporation tax 3,462 -
VAT 9,683 8,424
Other creditors 90,592 87,800
Accruals and deferred income 11,154 11,034
Directors' loan accounts 88,883 88,883
205,409 197,464
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
6 Ordinary Shares of £ 1.00 each 6 6
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