REGISTERED NUMBER: 01046617 (England and Wales)

Financial Statements for the Year Ended 31 July 2024

for

T.g. Beighton Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Hughes

Mr M Lees

Mr M Lees

Mr P T Gray

REGISTERED OFFICE:

McGregors Way

Turnoaks Business Park

Chesterfield

Derbyshire

S40 2WB

REGISTERED NUMBER:

01046617 (England and Wales)

AUDITORS:

Sutton McGrath Hartley

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Intangible assets

4

-

1,500

Tangible assets

5

465,903

475,760

Investment property

6

-

1,360,000

465,903

1,837,260

CURRENT ASSETS

Debtors

7

4,761,295

3,570,917

Cash at bank and in hand

296,058

476,648

5,057,353

4,047,565

CREDITORS

Amounts falling due within one year

8

3,265,553

3,036,110

NET CURRENT ASSETS

1,791,800

1,011,455

TOTAL ASSETS LESS CURRENT LIABILITIES

2,257,703

2,848,715

CREDITORS

Amounts falling due after more than one year

9

(293,076

)

(414,936

)

PROVISIONS FOR LIABILITIES

12

(100,941

)

(90,545

)

NET ASSETS

1,863,686

2,343,234

CAPITAL AND RESERVES

Called up share capital

13

88,000

88,000

Revaluation reserve

-

3,900

Retained earnings

1,775,686

2,251,334

SHAREHOLDERS' FUNDS

1,863,686

2,343,234

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr D Hughes - Director

1.	STATUTORY INFORMATION

T.g. Beighton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

The financial statements are preparing in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going Concern

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

The company has sufficient finance to control its cashflow and support its working capital requirements to enable future planned growth.

Having carried out a detailed review of the company's position and its forecasts to the date 12 months from the date of signing of these financial statements, the directors consider the company to have adequate resources to meet its liabilities as they fall due.

Related party exemption

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 subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, has been amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2023

and 31 July 2024

10,000

AMORTISATION

At 1 August 2023

8,500

Charge for year

1,500

At 31 July 2024

10,000

NET BOOK VALUE

At 31 July 2024

-

At 31 July 2023

1,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2023

956,398

Additions

207,722

Disposals

(193,349

)

At 31 July 2024

970,771

DEPRECIATION

At 1 August 2023

480,638

Charge for year

154,145

Eliminated on disposal

(129,915

)

At 31 July 2024

504,868

NET BOOK VALUE

At 31 July 2024

465,903

At 31 July 2023

475,760

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

2024

2023

£

£

Motor vehicles

488,242

420,835

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2023

1,360,000

Disposals

(1,360,000

)

At 31 July 2024

-

NET BOOK VALUE

At 31 July 2024

-

At 31 July 2023

1,360,000

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

1,155,062

1,180,119

Amounts owed by group undertakings

1,177,130

1,744,372

Other debtors

761,180

646,426

3,093,372

3,570,917

Amounts falling due after more than one year:

Other debtors

1,667,923

-

Aggregate amounts

4,761,295

3,570,917

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

99,625

93,238

Hire purchase contracts (see note 10)

156,113

119,611

Trade creditors

843,766

924,669

Amounts owed to group undertakings

910,142

972,509

Taxation and social security

900,929

406,806

Other creditors

354,978

519,277

3,265,553

3,036,110

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

52,343

151,969

Hire purchase contracts (see note 10)

240,733

262,967

293,076

414,936

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Net obligations repayable:

Within one year

156,113

119,611

Between one and five years

240,733

262,967

396,846

382,578

Non-cancellable

operating leases

2024

2023

£

£

Within one year

39,353

49,686

Between one and five years

40,625

79,978

79,978

129,664

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

407,262

382,578

The hire purchases are secured against the assets to which they relate. They are repayable by monthly installments with interest being charged monthly.

The bank held a debenture over the assets of the company at 31 July 2024.

12.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

100,941

90,545

Deferred tax

£

Balance at 1 August 2023

90,545

Provided during year

10,396

Balance at 31 July 2024

100,941

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

88,000

Ordinary

£1

88,000

88,000

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of Sutton McGrath Hartley

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024

2023

£

£

Mr P T Gray

Balance outstanding at start of year

-

128,376

Amounts repaid

-

(128,376

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

16.	RELATED PARTY DISCLOSURES

The following company is a related party as they are under common control of one or all of the directors:

Face Structures Ltd

As at 31 July 2024 the company owed £191,662 (2023: £267,487) to Face Structures Ltd.

Hastec Rail Ltd

As at 31 July 2024 the company was owed £35,923 (2023: £1,236) by Hastec Rail Ltd.

Elmec Solutions Ltd

As at 31 July 2024 the company owed £11,559 (2023: £20,700) to Elmec Solutions Ltd.

Turnoaks Estates Ltd

As at 31 July 2024 the company was owed £1,638,957 (2023: £957) by Turnoaks Estates Ltd.

TGB Mechanical and Electrical Ltd

As at 31 July 2024 was owed £1,000,314 (2023: £953,440) by TGB Mechanical and Electrical Ltd.

17.	ULTIMATE CONTROLLING PARTY

As at 31 July 2024 the company's parent company was C K Rail Solutions Limited, a company which is incorporated in the UK.

The company's ultimate parent company is C King Holdings Ltd, a company incorporated in the UK, which is the parent of both the smallest and largest group in which the results of the company are published.

The financial statements of C King Holdings Ltd can be obtained from Companies House or the registered office.

The directors do not consider there to be an ultimate controlling party.