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Registration number: 11959560

Old Beams Ibsley Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Old Beams Ibsley Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Old Beams Ibsley Ltd

Company Information

Director | Mr Peter Cheal

Registered office | The Old Exchange 521 Wimborne Road East Ferndown Dorset BH22 9NH

Accountants | Wilkinsons Accountants Limited Chartered Certified Accountants The Old Exchange 521 Wimborne Road East Ferndown Dorset BH22 9NH

Old Beams Ibsley Ltd

(Registration number: 11959560)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 557 | 49,286
Current assets |  |  |
Stocks | 5 | - | 9,019
Debtors | 6 | 40,997 | 3,938
Cash at bank and in hand |  | 2,093 | 24,052
|  | 43,090 | 37,009
Creditors: Amounts falling due within one year | 7 | (240,270) | (184,966)
Net current liabilities |  | (197,180) | (147,957)
Net liabilities |  | (196,623) | (98,671)
Capital and reserves |  |  |
Called up share capital |  | 90 | 90
Retained earnings |  | (196,713) | (98,761)
Shareholders' deficit |  | (196,623) | (98,671)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 November 2025

......................................... Mr Peter Cheal Director

Old Beams Ibsley Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The company had a deficiency of assets at the balance sheet date of £196,623 (2024: £98,671) and is dependent on the continued support of its director. The director has given his assurance that he will provide sufficient further finance as may prove necessary to meet the company's working capital requirements for the foreseeable future. The company sold its business and ceased trading during the year.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of sales of goods and services to customers.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 15% straight line basis
Furniture, fittings and equipment | 25% straight line basis
Plant and machinery | 15% straight line basis

Old Beams Ibsley Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 23 (2024 - 24).

Old Beams Ibsley Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Leasehold improvements £ | Furniture fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 May 2024 | 22,907 | 2,233 | 88,193 | 113,333
Additions | - | - | 570 | 570
Disposals | (22,907) | (1,398) | (88,763) | (113,068)
At 30 April 2025 | - | 835 | - | 835
Depreciation
At 1 May 2024 | 9,707 | 1,006 | 53,335 | 64,048
Charge for the year | - | 209 | - | 209
Eliminated on disposal | (9,707) | (937) | (53,335) | (63,979)
At 30 April 2025 | - | 278 | - | 278
Carrying amount
At 30 April 2025 | - | 557 | - | 557
At 30 April 2024 | 13,201 | 1,227 | 34,858 | 49,286

Included within the net book value of land and buildings above is £Nil (2024 - £13,201) in respect of short leasehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | - | 9,019

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 40,997 | -
Prepayments | - | 1,538
Other debtors | - | 2,400
| 40,997 | 3,938

Old Beams Ibsley Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 6,097 | 46,311
Taxation and social security | 18,187 | 41,489
Accruals and deferred income | - | 11,544
Other creditors | 215,986 | 85,622
| 240,270 | 184,966

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £50,000).