Beads Contractors Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Beads Contractors Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Beads Contractors Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to 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/membership/regulations-standards-and-guidance.

This report is made solely to the director of Beads Contractors Limited , as a body, in accordance with the terms of our engagement letter dated 08 March 2016. Our work has been undertaken solely to prepare for your approval the accounts of Beads Contractors Limited and state those matters that we have agreed to state to the director of Beads Contractors 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 Beads Contractors Limited and its director, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit of the accounts of Beads Contractors 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 financial statements.

24th October 2025

Gillespie's Fife

Accountants

Fric Ajax Way

Methil

Leven

KY8 3RS

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Beads Contractors Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC528830

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		355

			-		355
CURRENT ASSETS
Debtors	5	-		4,041
Cash at bank and in hand		-		417

		-		4,458
Creditors: Amounts Falling Due Within One Year	6	(1,326 )		(1,118 )

NET CURRENT ASSETS (LIABILITIES)			(1,326 )		3,340

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,326 )		3,695

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(67 )

NET (LIABILITIES)/ASSETS			(1,326 )		3,628

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(1,426 )		3,528

SHAREHOLDERS' FUNDS			(1,326)		3,628

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Beads Contractors Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 Profit and Loss Account.

On behalf of the board

Mr William Smith

Director

24th October 2025

The notes on pages 4 to 5 form part of these financial statements.

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Beads Contractors Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Beads Contractors Limited is a private company, limited by shares, incorporated in Scotland, registered number SC528830 . The registered office is 18 New Grange Crescent, Pittenweem , Anstruther, Fife, KY10 2QX.

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. 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:

Computer Equipment

20%

2.3. Taxation

Corporation 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 1 (2024: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	986
Disposals	(986 )

As at 31 March 2025	-

Depreciation
As at 1 April 2024	631
Disposals	(631 )

As at 31 March 2025	-

...CONTINUED

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Beads Contractors Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	355

5. Debtors

	2025	2024
	£	£
Due within one year
Due after more than one year
Other debtors	-	4,041

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	450	300
Accruals and deferred income	420	420
Director's loan account	456	398

	1,326	1,118

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

Mr B Smith is the director of the company. Included within Creditors is an amount of £456 due by the company to Mr Smith in respect of his interest free directors loan account.

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