Beta Power Engineering Limited 31/12/2024 iXBRL

Company registration number: 01185900

Beta Power Engineering Limited

Unaudited filleted financial statements

31 December 2024

Beta Power Engineering Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Beta Power Engineering Limited

Directors and other information


	Directors	Mr Andrew Geoffrey Brown
		Mrs Gaynor Louise Brown


	Secretary	Mrs Gaynor Brown


	Company number	01185900


	Registered office	Precision Works
		Discovery Park
		Crossley Road
		Stockport
		SK4 5BN


	Accountants	Forshaws Accountants Limited
		Crossens Way Business Park
		Crossens Way
		Southport
		PR9 9LY

Beta Power Engineering Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Beta Power Engineering Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beta Power Engineering Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Beta Power Engineering Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Beta Power Engineering Limited and state those matters that we have agreed to state to the board of directors of Beta Power Engineering Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beta Power Engineering Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Beta Power Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beta Power Engineering Limited. You consider that Beta Power Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Beta Power Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Forshaws Accountants Limited

Chartered Accountants

Crossens Way Business Park

Crossens Way

Southport

PR9 9LY

17 September 2025

Beta Power Engineering Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	7	372,868		200,592
		_______		_______
			372,868		200,592

Current assets
Stocks		376,018		361,499
Debtors	8	958,375		993,310
Cash at bank and in hand		1,103,051		1,086,770
		_______		_______
		2,437,444		2,441,579
Creditors: amounts falling due
within one year	9	( 1,484,241)		( 939,902)
		_______		_______
Net current assets			953,203		1,501,677
			_______		_______
Total assets less current liabilities			1,326,071		1,702,269


Provisions for liabilities	10		( 81,542)		( 47,798)

			_______		_______
Net assets			1,244,529		1,654,471
			_______		_______

Capital and reserves
Called up share capital	12		3,832		3,832
Capital redemption reserve			1,350		1,350
Profit and loss account			1,239,348		1,649,288
			_______		_______
Shareholders funds			1,244,530		1,654,470
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr Andrew Geoffrey Brown

Director

Company registration number: 01185900

Beta Power Engineering Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Precision Works, Discovery Park, Crossley Road, Stockport, SK4 5BN.The principal activity of the company is that of the distribution of industrial bearings and power transmission equipment and the manufacture of engineering components.

2. Statement of compliance

The financial statements have been prepared in accordance with FRS 102 Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	Straight line over the life of the lease
Plant and machinery	-	25% Reducing balance
Fittings fixtures and equipment	-	25% Reducing balance
Motor vehicles	-	25% Straight line
Computer equipment	-	33% Straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

4. Turnover

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit is stated after charging/(crediting):

	2024	2023
	£	£
Depreciation of tangible assets	89,565	68,678
Impairment of trade debtors	101	6,840
Foreign exchange differences	( 17,888)	26,741
	_______	_______

6. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2023: 16 ).

7. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Computer Equipment	Total
	£	£	£	£	£	£
Cost
At 1 January 2024	40,545	249,534	104,924	266,351	60,025	721,379
Additions	195,415	-	16,882	47,547	1,997	261,841
	_______	_______	_______	_______	_______	_______
At 31 December 2024	235,960	249,534	121,806	313,898	62,022	983,220
	_______	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	40,545	212,092	98,517	114,650	54,983	520,787
Charge for the year	7,617	9,361	2,746	65,242	4,599	89,565
	_______	_______	_______	_______	_______	_______
At 31 December 2024	48,162	221,453	101,263	179,892	59,582	610,352
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	187,798	28,081	20,543	134,006	2,440	372,868
	_______	_______	_______	_______	_______	_______
At 31 December 2023	-	37,442	6,407	151,701	5,042	200,592
	_______	_______	_______	_______	_______	_______

8. Debtors

	2024	2023
	£	£
Trade debtors	944,702	977,101
Other debtors	13,673	16,209
	_______	_______
	958,375	993,310
	_______	_______

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	595,510	657,661
Social security and other taxes	259,473	197,417
Other creditors	629,258	84,824
	_______	_______
	1,804,449	971,241
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 January 2024	47,798	47,798
Charges against provisions	33,744	33,744
	_______	_______
At 31 December 2024	81,542	81,542
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 10)	81,542	47,798
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	81,542	47,798
	_______	_______

12. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	3,832	3,832	3,832	3,832
	_______	_______	_______	_______

13. Related party transactions

During the year, the Company paid rent of £44,000 (2023: £44,000) to Beta Power Engineering Pension Fund. At the balance sheet date £NIL (2023: £NIL) remained outstanding.At the balance sheet date, other creditors included £31,884 (2023: £1,577) due to the Directors. This balance was unsecured, interest free and repayable on demand.At the balance sheet date, other creditors included £250,898 (2023: £47,952) due to non-Director shareholders of the Company. This balance was unsecured, interest free and repayable on demand.

14. Controlling party

The company is not under the control of any one single party.