Company Registration No. NI049663 (Northern Ireland)
Beat Street Ltd
Unaudited accounts
for the year ended 31 March 2025
Beat Street Ltd
Unaudited accounts
Contents
Beat Street Ltd
Company Information
for the year ended 31 March 2025
Directors
Adrian Hoy
I Jane Hoy
Company Number
NI049663 (Northern Ireland)
Registered Office
82 Granagh Road
Cullybackey
Ballymena
County Antrim
BT42 1PR
Northern Ireland
Accountants
Beech Accounting Ltd
185 Magheralane Road
Randalstown
Antrim
BT41 2PH
Beat Street Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
108,454
135,761
Inventories
48,950
121,784
Cash at bank and in hand
318,485
165,029
Creditors: amounts falling due within one year
(443,044)
(359,165)
Net current assets
3,677
299
Total assets less current liabilities
112,131
136,060
Creditors: amounts falling due after more than one year
(33,388)
(49,205)
Called up share capital
5
5
Profit and loss account
78,738
86,850
Shareholders' funds
78,743
86,855
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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Adrian Hoy
Director
Company Registration No. NI049663
Beat Street Ltd
Notes to the Accounts
for the year ended 31 March 2025
Beat Street Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI049663. The registered office is 82 Granagh Road, Cullybackey, Ballymena, County Antrim, BT42 1PR, Northern Ireland.
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
25% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
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.
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.
Beat Street Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
3,108
222,933
86,510
11,497
324,048
Additions
-
4,900
-
-
4,900
At 31 March 2025
3,108
227,833
86,510
11,497
328,948
At 1 April 2024
-
134,550
42,871
10,866
188,287
Charge for the year
-
23,321
8,728
158
32,207
At 31 March 2025
-
157,871
51,599
11,024
220,494
At 31 March 2025
3,108
69,962
34,911
473
108,454
At 31 March 2024
3,108
88,383
43,639
631
135,761
Amounts falling due within one year
Trade debtors
75,113
68,678
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,899
-
Trade creditors
95,960
67,619
Taxes and social security
36,828
15,528
Other creditors
140,944
101,055
Loans from directors
153,766
153,766
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
15,592
21,650
8
Average number of employees
During the year the average number of employees was 11 (2024: 5).