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Registered number: 03123816
J & T Beaven Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Kennedys Accounting Limited
160 Eureka Park
Kennington
Ashford
Kent
TN25 4AZ
J & T Beaven Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
J & T Beaven Limited
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 03123816

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 2,017 |  | 4,218
Tangible Assets | 5 |  | 13,187 |  | 22,082
Investment Properties | 6 |  | 1,095,000 |  | 1,095,000
|  |  | 1,110,204 |  | 1,121,300
CURRENT ASSETS
Stocks | 7 | 121,204 |  | 197,920 |
Debtors | 8 | 1,794,075 |  | 1,764,110 |
Cash at bank and in hand |  | 8,445 |  | 28,512 |
|  | 1,923,724 |  | 1,990,542 |
Creditors: Amounts Falling Due Within One Year | 9 | (615,200 ) |  | (550,519 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,308,524 |  | 1,440,023
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,418,728 |  | 2,561,323
Creditors: Amounts Falling Due After More Than One Year | 10 |  | (784,413 ) |  | (880,466 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (3,297 ) |  | (3,121 )
NET ASSETS |  |  | 1,631,018 |  | 1,677,736
CAPITAL AND RESERVES
Called up share capital | 11 |  | 1,100,000 |  | 1,100,000
Revaluation reserve | 12 |  | 105,000 |  | 105,000
Income Statement |  |  | 426,018 |  | 472,736
SHAREHOLDERS' FUNDS |  |  | 1,631,018 |  | 1,677,736

Page 1
Page 2
J & T Beaven Limited
Statement of Financial Position (continued)
As At 31 December 2024
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board

Mr Guy Colle Director
17/09/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
J & T Beaven Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
J & T Beaven Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03123816 . The registered office is 117 The Midlands, Holt, Trowbridge, Wiltshire, BA14 6RJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially recognised at cost. It is amortised to income statement over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 33% straight line
Motor Vehicles | 20% straight line
Fixtures & Fittings | 20% straight line
Computer Equipment | 33% straight line

2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
J & T Beaven Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2024 | 11,003
As at 31 December 2024 | 11,003
Amortisation
As at 1 January 2024 | 6,785
Provided during the period | 2,201
As at 31 December 2024 | 8,986
Net Book Value
As at 31 December 2024 | 2,017
As at 1 January 2024 | 4,218

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost or Valuation
As at 1 January 2024 | 90,485 | 5,544 | 20,000 | 29,917 | 145,946
As at 31 December 2024 | 90,485 | 5,544 | 20,000 | 29,917 | 145,946

...CONTINUED
Page 4
Page 5
J & T Beaven Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024 | 90,485 | 5,544 | 12,000 | 15,835 | 123,864
Provided during the period | - | - | 4,000 | 4,895 | 8,895
As at 31 December 2024 | 90,485 | 5,544 | 16,000 | 20,730 | 132,759
Net Book Value
As at 31 December 2024 | - | - | 4,000 | 9,187 | 13,187
As at 1 January 2024 | - | - | 8,000 | 14,082 | 22,082

6. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 1 January 2024 and 31 December 2024 | 1,095,000

7. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Finished goods | 121,204 |  | 197,920

8. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 549,603 |  | 497,517
Prepayments and accrued income | 3,687 |  | 4,713
Brightpay Modular Account | 1,147 |  | 1,080
| 554,437 |  | 503,310
Due after more than one year
Amounts owed by subsidiaries | 1,239,638 |  | 1,260,800
| 1,794,075 |  | 1,764,110

9. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 591,449 |  | 489,917
Bank loans and overdrafts | 21,641 |  | 47,891
Other taxes and social security | 1,147 |  | 1,080
VAT | 963 |  | 3,919
Accruals and deferred income | - |  | 7,712
| 615,200 |  | 550,519

Page 5
Page 6
J & T Beaven Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 684,343 |  | 705,241
Directors loan account | 100,070 |  | 175,225
| 784,413 |  | 880,466

11. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,100,000 |  | 1,100,000

12. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 January 2024 | 105,000
As at 31 December 2024 | 105,000

Page 6