Beacon Heating & Boiler Supplies Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05361108 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BEACON HEATING & BOILER SUPPLIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Stephen G Bullen

Mr Alan Cumber

SECRETARY:

Mrs Brenda L Bullen

REGISTERED OFFICE:

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

REGISTERED NUMBER:

05361108 (England and Wales)

ACCOUNTANTS:

Malcolm J. Greer FCCA, ATT

Chartered Certified Accountant

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

FIXED ASSETS

Tangible assets

4

6,428

9,434

CURRENT ASSETS

Stocks

76,250

76,373

Debtors

5

37,499

39,057

Cash at bank

17,608

43,074

131,357

158,504

CREDITORS

Amounts falling due within one year

6

130,664

130,167

NET CURRENT ASSETS

693

28,337

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,121

37,771

CREDITORS

Amounts falling due after more than one
year

7

(8,333

)

(28,333

)

PROVISIONS FOR LIABILITIES

8

(1,199

)

(1,792

)

NET (LIABILITIES)/ASSETS

(2,411

)

7,646

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

(2,511

)

7,546

SHAREHOLDERS' FUNDS

(2,411

)

7,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2025 and were signed on its behalf by:

Mr Stephen G Bullen - Director

1.	STATUTORY INFORMATION

Beacon Heating & Boiler Supplies 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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

50% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

The Directors confirm that due to the continued financial support provided by the company's shareholder directors, they are satisfied that Beacon Heating & Boiler Supplies Limited has adequate resources to continue in business for the foreseeable future. For this reason, they continue to adopt a going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

3,558

14,700

4,662

22,920

DEPRECIATION

At 1 January 2024

3,437

5,390

4,659

13,486

Charge for year

66

2,940

-

3,006

At 31 December 2024

3,503

8,330

4,659

16,492

NET BOOK VALUE

At 31 December 2024

55

6,370

3

6,428

At 31 December 2023

121

9,310

3

9,434

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

32,852

38,954

Doubtful debts provision

-

(1,200

)

Directors' current accounts

1,584

-

Corporation tax recoverable

1,503

-

PAYE and social security

675

Prepayments and accrued income

885

628

37,499

39,057

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

20,000

Trade creditors

36,118

47,321

Corporation tax

-

1,503

VAT

3,060

3,312

Other creditors

68,000

55,000

Net wages creditor

-

93

Directors' current accounts

1,777

1,229

Accruals and deferred income

1,709

130,664

130,167

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans - 1-2 years

8,333

20,000

Bank loans - 2-5 years

-

8,333

28,333

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

Accelerated capital allowances

1,221

1,792

Tax losses carried forward

(22

)

-

1,199

1,792

Deferred

tax

£

Balance at 1 January 2024

1,792

Provided during year

(593

)

Balance at 31 December 2024

1,199

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

80

Ordinary "A" shares

£1

80

10

Ordinary "Y" shares

£1

10

Ordinary "Z" shares

£1

10

100

The total share capital of the Company has been subdivided into twenty six separate classes of ordinary share labelled A to Z inclusive, each class containing an authorised share capital of 1,000 £1 shares.

The shares have the same rights and restrictions and rank pari passu in all respects save that as regards voting, share classes N to Z inclusive shall not be entitled to vote at any general meeting of the Company. as regards income, share classes A to Z inclusive shall be entitled to payments of varying amounts of dividends at the discretion of the directors, as declared by the Company from time to time.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

Mr Alan Cumber

Balance outstanding at start of year

-

Amounts advanced

1,584

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,584

-

11.	RELATED PARTY DISCLOSURES

During the year, the Company paid £21,600 (2023 - £6,600) in rent to occupy its shop premises. It is considered that this rental charge represented the normal market price. The shop premises are owned directly by Mr. Stephen G. Bullen and his wife Mrs. Brenda-Lee Bullen.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Stephen G Bullen.