Gary Beestone Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

1. General Information

Gary Beestone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07108670 . The registered office is Unit 6, The Tramsheds, Coomber Way, Croydon, Surrey, CR0 4TQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. 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	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under 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 income statement 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 the income statement as incurred.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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.

...CONTINUED

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Gary Beestone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 9)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	40,447	59,965	100,412
Additions	1,892	250	2,142

As at 31 March 2025	42,339	60,215	102,554

Depreciation
As at 1 April 2024	25,934	42,210	68,144
Provided during the period	4,101	4,439	8,540

As at 31 March 2025	30,035	46,649	76,684

Net Book Value
As at 31 March 2025	12,304	13,566	25,870

As at 1 April 2024	14,513	17,755	32,268

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	58,030	29,470
Prepayments and accrued income	7,713	-
Other debtors	80,000	71,897
Corporation tax recoverable assets	-	80,187
Directors' loan accounts	-	14,173
Amounts owed by group undertakings	1,860	-

	147,603	195,727

6. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	71	72

100% shares held in Gary Beestone Inc at the nominal value of £70.

100% shares held in TT Resources Limited at the nominal value of £1.

50% shares held in Birmingham Ceremonies Limited at the nominal value of £1.

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Gary Beestone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	23,087
Trade creditors	9,843	39,404
Corporation tax	20,872	-
VAT	51,921	46,151
Other creditors	-	119,131
Pension liability	2,917	1,645
PAYE Liability	56,300	16,247
Directors Loan Account - Z Snow	312	936
Accruals and deferred income	43,200	8,395
Directors' loan accounts	645	-

	186,010	254,996

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	23,087

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	101	101

10. Related Party Transactions

Gary Beestone and Zoe Snow are directors of both Gary Beestone Limited and Gary Beestone Inc.

Gary Beestone and Zoe Snow are persons with significant control of Gary Beestone Limited.

GBA Studios Limited is a subsidiary of Gary Beestone Limited, who owns 50% of the issued share capital.

Gary Beestone Inc is a subsidiary of Gary Beestone Limited, who owns 100% of the issued share capital.

Birmingham Ceremonies Limited was a subsidiary of Gary Beestone Limited, who owned 50% of the issued share capital. Gary Beestone Limited was a director and had significant control of Birmingham Ceremonies Limited .Birmingham Cermeonies Limited was disolved on 21 May 2024.

During the year Gary Beestone Limited received a dividend of £25,000 from Gary Beestone Inc.

During the year £96,000 (2024 : £82,500) was paid to Gary Beestone Limited as management and consultancy fees by GBA Studios Limited.

During the year Gary Beestone Limited loaned GBA Studios Limited £1,860 and this amount remained outstanding as at 31 March 2025.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		25,870		32,268

			25,870		32,268
CURRENT ASSETS
Debtors	5	147,603		195,727
Investments	6	71		72
Cash at bank and in hand		241,712		122,551

		389,386		318,350
Creditors: Amounts Falling Due Within One Year	7	(186,010 )		(254,996 )

NET CURRENT ASSETS (LIABILITIES)			203,376		63,354

TOTAL ASSETS LESS CURRENT LIABILITIES			229,246		95,622

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,468 )		(6,131 )

NET ASSETS			222,778		89,491

CAPITAL AND RESERVES
Called up share capital	9		101		101
Income Statement			222,677		89,390

SHAREHOLDERS' FUNDS			222,778		89,491

Mrs Z Snow Director	Mr G Beestone Director
05/12/2025