Beamish Trading Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06961058

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		163,608		200,336

			163,608		200,336
CURRENT ASSETS
Stocks	5	17,250		15,500
Debtors	6	68,458		29,370
Cash at bank and in hand		20,861		28,304

		106,569		73,174
Creditors: Amounts Falling Due Within One Year	7	(136,393 )		(118,908 )

NET CURRENT ASSETS (LIABILITIES)			(29,824 )		(45,734 )

TOTAL ASSETS LESS CURRENT LIABILITIES			133,784		154,602

Creditors: Amounts Falling Due After More Than One Year	8		(49,250 )		(110,230 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,876 )		(21,039 )

NET ASSETS			53,658		23,333

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			53,657		23,332

SHAREHOLDERS' FUNDS			53,658		23,333

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Beamish Trading Limited

Balance Sheet (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 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 D A Kitt

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Beamish Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06961058 . The registered office is Hanger 872 Picketston Site, St Athan Aerospace Business Park, St Athan, Vale Of Glamorgan, CF62 4QR.

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. Going Concern Disclosure

At 31 December 2023 the company had net current liabilities of £45,734 (2022 - £13,027). However,

the going concern basis of preparation of the financial statements is considered to be appropriate as the

company is expected to make profits in the foreseeable future.

2.3. Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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	20% on cost
Motor Vehicles	25% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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. 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.

...CONTINUED

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Beamish Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation - continued

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.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 7)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	340,974	98,684	6,948	446,606
Additions	36,675	-	-	36,675

As at 31 December 2024	377,649	98,684	6,948	483,281

Depreciation
As at 1 January 2024	186,797	55,037	4,436	246,270
Provided during the period	55,689	16,424	1,290	73,403

As at 31 December 2024	242,486	71,461	5,726	319,673

Net Book Value
As at 31 December 2024	135,163	27,223	1,222	163,608

As at 1 January 2024	154,177	43,647	2,512	200,336

5. Stocks

	2024	2023
	£	£
Stock	17,250	15,500

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Beamish Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	62,658	23,570
Other debtors	5,800	5,800

	68,458	29,370

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	12,938	20,273
Trade creditors	54,311	53,645
Bank loans and overdrafts	5,000	5,000
Corporation tax	1,501	-
Other taxes and social security	4,775	1,726
VAT	18,630	4,020
Other creditors	744	744
Accruals and deferred income	1,500	1,500
Government grants within one year	32,000	32,000
Directors' loan accounts	4,994	-

	136,393	118,908

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	3,750	27,730
Bank loans	24,167	29,167
Government grants after one year	21,333	53,333

	49,250	110,230

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	14,956	22,542
Later than one year and not later than five years	4,369	30,501

	19,325	53,043
Less: Finance charges allocated to future periods	2,637	5,040

	16,688	48,003

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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