REGISTERED NUMBER: 13980695 (England and Wales)

Group Strategic Report, Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2024

for

BEAUMONT HOLDINGS (SUSSEX) LTD

Page

Company Information

1

Group Strategic Report

2

Report of the Director

4

Consolidated Income Statement

5

Consolidated Other Comprehensive Income

6

Consolidated Balance Sheet

7

Company Balance Sheet

9

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

16

DIRECTOR:

Tarrant Beaumont

REGISTERED OFFICE:

73 Park Lane

Croydon

CR0 1JG

REGISTERED NUMBER:

13980695 (England and Wales)

ACCOUNTANTS:

Owadally & King

Chartered Certified Accountants

73 Park Lane

Croydon

Surrey

CR0 1JG

The director presents his strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS

The directors are satisfied with the company’s sales performance for the year ended 31 December 2024 and are particularly pleased with the improvement in gross profit margin to 29.3% (2023: 26.2%) despite operating in a highly competitive market.

Operating costs increased during the year, and although the higher gross margin contributed positively, the combined effect resulted in a profit before tax of £49,869 (2023: £100,671).

The business required additional funding during the year, including increased use of bank overdraft facilities to support working capital needs. As a result, finance costs were higher, contributing to the reduction in profit before tax for the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors constantly monitor the risks and uncertainties facing the group with particular reference to the exposure on liquidity and credit risks. They are confident that there are suitable policies in place and there are no material risks and uncertainties which have not been considered.

The group uses various financial instruments which include cash and various items, such as trade debtors and trade creditors that raise directly from its operations. The main purpose of these financial instruments is to raise finance for the group's operations. The existence of these financial instruments exposes the group to a number of financial risks, including liquidity and credit risk. The directors review and agree policies for managing each of these risks and are confident that there are suitable policies in place and there are no material risks which have not been considered. These policies have remained unchanged from previous years.

Liquidity risk

The group seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. The group's policy throughout the year has been to achieve this objective through the day to day involvement of management in business decisions rather than through setting maximum or minimum liquidity ratios.

KEY PERFORMANCE INDICATORS

The directors use a number of measures, both financial and non-financial to monitor and benchmark the performance of the company. They regard the following as the key financial indicators of performance:

- Operating profit - measuring the profits generated by the group's operations.

- Net cash flow from operating activities - measuring the performance in translating operating profit into cashflow through management of working capital and the monitoring of debtor days and stock levels.

The key non-financial indicators are associated with the group's ability to maintain its existing customer and supplier base.

RESULT OF THE GROUP AT THE YEAR END

The results for the year and the financial position at the year end were considered satisfactory by the directors.

ON BEHALF OF THE BOARD:

Tarrant Beaumont - Director

24 December 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of mechanical and electrical specialists in commercial and domestic repairs, maintenance and installations and that of hiring of plant and machinery.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 will be £ 230,550 .

Dividends are equity dividends of the parent company.

DIRECTOR

Tarrant Beaumont held office during the whole of the period from 1 January 2024 to the date of this report.

ON BEHALF OF THE BOARD:

Tarrant Beaumont - Director

24 December 2025

TURNOVER

13,039,153

11,558,484

Cost of sales

9,220,217

8,531,822

GROSS PROFIT

3,818,936

3,026,662

Administrative expenses

3,699,219

2,912,502

OPERATING PROFIT

4

119,717

114,160

Interest receivable and similar income

3,217

6,400

122,934

120,560

Interest payable and similar expenses

5

73,065

19,889

PROFIT BEFORE TAXATION

49,869

100,671

Tax on profit

6

49,871

92,174

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(2

)

8,497

(Loss)/profit attributable to:

Owners of the parent

(2

)

8,497

(LOSS)/PROFIT FOR THE YEAR

(2

)

8,497

OTHER COMPREHENSIVE INCOME

Revaluation of property

100,850

-

Share-base payment reserve

1,000

-

Income tax relating to components of other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

101,850

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

101,848

8,497

Total comprehensive income attributable to:

Owners of the parent

101,848

8,497

FIXED ASSETS

Intangible assets

9

494,459

561,431

Tangible assets

10

2,194,889

1,644,836

Investments

11

-

-

2,689,348

2,206,267

CURRENT ASSETS

Stocks

12

350,254

834,268

Debtors

13

2,183,739

1,923,668

Cash at bank

259,850

260,508

2,793,843

3,018,444

CREDITORS

Amounts falling due within one year

14

3,572,565

3,396,332

NET CURRENT LIABILITIES

(778,722

)

(377,888

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,910,626

1,828,379

CREDITORS

Amounts falling due after more than one year

15

(1,628,761

)

(1,467,683

)

PROVISIONS FOR LIABILITIES

19

(147,913

)

(98,042

)

NET ASSETS

133,952

262,654

CAPITAL AND RESERVES

Called up share capital

20

1,001

1,001

Share premium

21

249,000

249,000

Revaluation reserve

21

100,850

-

Other reserves

21

1,000

-

Retained earnings

21

(217,899

)

12,653

SHAREHOLDERS' FUNDS

133,952

262,654

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Tarrant Beaumont - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

1,250,001

1,250,001

1,250,001

1,250,001

CURRENT ASSETS

Debtors

13

650

3,375

Cash at bank

4,125

15,985

4,775

19,360

CREDITORS

Amounts falling due within one year

14

8,001

115,784

NET CURRENT LIABILITIES

(3,226

)

(96,424

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,246,775

1,153,577

CREDITORS

Amounts falling due after more than one year

15

725,044

725,044

NET ASSETS

521,731

428,533

CAPITAL AND RESERVES

Called up share capital

20

1,001

1,001

Share premium

249,000

249,000

Retained earnings

271,730

178,532

SHAREHOLDERS' FUNDS

521,731

428,533

Company's profit for the financial year

323,748

208,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Tarrant Beaumont - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 January 2023

1,000

118,156

249,000

Changes in equity

Issue of share capital

1

-

-

Dividends

-

(114,000

)

-

Total comprehensive income

-

8,497

-

Balance at 31 December 2023

1,001

12,653

249,000

Changes in equity

Dividends

-

(230,550

)

-

Total comprehensive income

-

(2

)

-

Balance at 31 December 2024

1,001

(217,899

)

249,000

Revaluation

Other

Total

reserve

reserves

equity

£

£

£

Balance at 1 January 2023

-

-

368,156

Changes in equity

Issue of share capital

-

-

1

Dividends

-

-

(114,000

)

Total comprehensive income

-

-

8,497

Balance at 31 December 2023

-

-

262,654

Changes in equity

Dividends

-

-

(230,550

)

Total comprehensive income

100,850

1,000

101,848

Balance at 31 December 2024

100,850

1,000

133,952

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2023

1,000

84,104

249,000

334,104

Changes in equity

Issue of share capital

1

-

-

1

Dividends

-

(114,000

)

-

(114,000

)

Total comprehensive income

-

208,428

-

208,428

Balance at 31 December 2023

1,001

178,532

249,000

428,533

Changes in equity

Dividends

-

(230,550

)

-

(230,550

)

Total comprehensive income

-

323,748

-

323,748

Balance at 31 December 2024

1,001

271,730

249,000

521,731

Cash flows from operating activities

Cash generated from operations

1

983,730

555,393

Interest paid

(73,065

)

(19,889

)

Tax paid

5,868

(28,745

)

Net cash from operating activities

916,533

506,759

Cash flows from investing activities

Purchase of tangible fixed assets

(613,616

)

(629,139

)

Sale of tangible fixed assets

8,206

834

Interest received

3,217

6,400

Net cash from investing activities

(602,193

)

(621,905

)

Cash flows from financing activities

Loan repayments in year

(137,756

)

(136,422

)

Capital repayments in year

335,797

367,701

Amount withdrawn by directors

(718,151

)

-

Share issue

-

1

Share-based payment reserve

1,000

-

Equity dividends paid

(230,550

)

(114,000

)

Net cash from financing activities

(749,660

)

117,280

(Decrease)/increase in cash and cash equivalents

(435,320

)

2,134

Cash and cash equivalents at beginning of year

2

260,508

258,374

Cash and cash equivalents at end of year

2

(174,812

)

260,508

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

Profit before taxation

49,869

100,671

Depreciation charges

228,143

124,965

(Profit)/loss on disposal of fixed assets

(4,963

)

917

Finance costs

73,065

19,889

Finance income

(3,217

)

(6,400

)

342,897

240,042

Decrease/(increase) in stocks

484,014

(133,613

)

Decrease/(increase) in trade and other debtors

452,212

(324,236

)

(Decrease)/increase in trade and other creditors

(295,393

)

773,200

Cash generated from operations

983,730

555,393

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

259,850

260,508

Bank overdrafts

(434,662

)

-

(174,812

)

260,508

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

260,508

258,374

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank

260,508

(658

)

259,850

Bank overdrafts

-

(434,662

)

(434,662

)

260,508

(435,320

)

(174,812

)

Debt

Finance leases

(367,701

)

(335,797

)

(703,498

)

Debts falling due within 1 year

(137,754

)

98,494

(39,260

)

Debts falling due after 1 year

(1,199,273

)

39,261

(1,160,012

)

(1,704,728

)

(198,042

)

(1,902,770

)

Total

(1,444,220

)

(633,362

)

(2,077,582

)

1.	STATUTORY INFORMATION

Beaumont Holdings (Sussex) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Consolidated group turnover represents the amounts receivable for heating installations and maintenance services net of VAT and trade discounts.

Consolidated group turnover is recognised as and when the company satisfies a performance obligation and the significant risks and rewards have been transferred to the customer. Where a contract has only been partially completed at the balance sheet date, turnover represents the fair value of the service provided to date based on the stage of completion of contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of the debtors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property: None

Plant and machinery: 15% Straight line

Office equipment: 10% - 50% Straight line

Motor vehicles: 33% Straight line

No depreciation is provided in respect of freehold property as the company maintains the assets.

The company adopts the revaluation model for its freehold property as permitted under FRS 102. Other plant and machinery is carried under the cost model.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

There are no outstanding contribution at year end.

Going concern

Following the year end, the Company recognised a provision relating to an ongoing contractual matter. Management expects a financial recovery in respect of this matter, and discussions are continuing.

Post-year-end cash flows were impacted by drawings on the director's loan account and short-term financial support advanced to a related party. Management anticipates both items will be resolved in the short term. In addition, the Company disposed of a freehold property after the year end as part of an operational consolidation exercise, which has strengthened the Company's liquidity position.

While these events represent matters to monitor, the directors have assessed the Company's ability to continue as a going concern and consider it appropriate to prepare the financial statements on this basis.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

3,529,365

3,046,194

Social security costs

382,765

325,485

Other pension costs

86,751

75,755

3,998,881

3,447,434

The average number of employees during the year was as follows:

2024

2023

Operational

54

44

Administrative

13

15

67

59

The average number of employees by undertakings that were proportionately consolidated during the year was 67 (2023 - 59 ) .

2024

2023

£

£

Director's remuneration

105,000

100,000

Director's pension contributions to money purchase schemes

10,814

9,173

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

1

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024

2023

£

£

Other operating leases

25,400

2,400

Depreciation - owned assets

161,170

57,992

(Profit)/loss on disposal of fixed assets

(4,963

)

917

Goodwill amortisation

66,972

66,972

Auditors' remuneration

24,500

26,500

Auditors' remuneration for non audit work

8,366

7,159

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Loan interest

73,065

19,889