Beam Development Limited

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

1. General Information

Beam Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09945218 . The registered office is 9 Disraeli Road, London, SW15 2DR.

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

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Motor Vehicles	25% Straight Line
Computer Equipment	25% Straight Line

2.5. Financial Instruments

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash at bank and in hand

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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Beam Development Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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.

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.

2.7. 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.

2.8. Dividends

Final dividends are recognised at the date of approval by the shareholders.

Interim dividends are recognised when paid, or where they are offset against a shareholder’s loan account the date of recording of the transaction into the company’s accounting records.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 7)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	18,650	12,245	30,895

As at 31 March 2025	18,650	12,245	30,895

Depreciation
As at 1 April 2024	12,825	5,622	18,447
Provided during the period	4,663	3,061	7,724

As at 31 March 2025	17,488	8,683	26,171

...CONTINUED

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Beam Development Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	1,162	3,562	4,724

As at 1 April 2024	5,825	6,623	12,448

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	47,070	34,385
Other debtors	455,340	507,436

	502,410	541,821
Due after more than one year
Corporation tax recoverable assets	30,855	-

	533,265	541,821

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	111,411	242,259
Tax and social security	75,960	78,786
Other creditors	17,488	99,975

	204,859	421,020

7. Share Capital

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

8. Loans to Directors

Included within Debtors are the following loans to directors:

At start of period: £168,956

Amounts advanced: £ 54,466

Amounts repaid:

At end of period: £223,422

The above loan is unsecured, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,724		12,448

			4,724		12,448
CURRENT ASSETS
Debtors	5	533,265		541,821
Cash at bank and in hand		8,832		155,543

		542,097		697,364
Creditors: Amounts Falling Due Within One Year	6	(204,859 )		(421,020 )

NET CURRENT ASSETS (LIABILITIES)			337,238		276,344

TOTAL ASSETS LESS CURRENT LIABILITIES			341,962		288,792

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,045 )		(2,878 )

NET ASSETS			340,917		285,914

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			340,817		285,814

SHAREHOLDERS' FUNDS			340,917		285,914