Company Registration No. 03039961 (England and Wales)
Beam Industrial Fasteners UK Limited
Unaudited accounts
for the year ended 31 March 2025
Beam Industrial Fasteners UK Limited
Unaudited accounts
Contents
Beam Industrial Fasteners UK Limited
Company Information
for the year ended 31 March 2025
Company Number
03039961 (England and Wales)
Registered Office
Layfield Farm
Sheppey Way, Bobbing
Sittingbourne
Kent
ME9 8QS
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Beam Industrial Fasteners UK Limited
Statement of financial position
as at 31 March 2025
Tangible assets
6,212
7,765
Cash at bank and in hand
7,294
5,859
Creditors: amounts falling due within one year
(100,202)
(76,604)
Net current liabilities
(4,536)
(1,346)
Total assets less current liabilities
1,676
6,419
Creditors: amounts falling due after more than one year
(885)
(6,116)
Called up share capital
101
101
Profit and loss account
690
202
Shareholders' funds
791
303
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2025 and were signed on its behalf by
Mr P Thurston
Director
Company Registration No. 03039961
Beam Industrial Fasteners UK Limited
Notes to the Accounts
for the year ended 31 March 2025
Beam Industrial Fasteners UK Limited is a private company, limited by shares, registered in England and Wales, registration number 03039961. The registered office is Layfield Farm, Sheppey Way, Bobbing, Sittingbourne, Kent, ME9 8QS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Beam Industrial Fasteners UK Limited
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,165
21,518
732
23,415
At 31 March 2025
1,165
21,518
732
23,415
At 1 April 2024
839
14,454
357
15,650
Charge for the year
65
1,413
75
1,553
At 31 March 2025
904
15,867
432
17,203
At 31 March 2025
261
5,651
300
6,212
At 31 March 2024
326
7,064
375
7,765
Amounts falling due within one year
Trade debtors
51,488
35,378
Other debtors
36,884
34,021
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
33,736
14,064
Trade creditors
47,109
43,403
Taxes and social security
10,624
17,937
7
Creditors: amounts falling due after more than one year
2025
2024
Beam Industrial Fasteners UK Limited
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
33,871
2,756
-
36,627
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Average number of employees
During the year the average number of employees was 5 (2024: 5).