Beacon South West Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 01466129

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,145,227		1,203,612
Investments	6		146,262		139,191

			1,291,489		1,342,803
CURRENT ASSETS
Stocks	7	459,587		492,039
Debtors	8	110,296		32,369
Cash at bank and in hand		1,506,296		1,333,726

		2,076,179		1,858,134
Creditors: Amounts Falling Due Within One Year	9	(803,467 )		(697,044 )

NET CURRENT ASSETS (LIABILITIES)			1,272,712		1,161,090

TOTAL ASSETS LESS CURRENT LIABILITIES			2,564,201		2,503,893

PROVISIONS FOR LIABILITIES
Deferred Taxation			(41,411 )		(53,563 )

NET ASSETS			2,522,790		2,450,330

CAPITAL AND RESERVES
Called up share capital	10		8,300		8,300
Revaluation reserve	11		146,262		139,191
Profit and Loss Account			2,368,228		2,302,839

SHAREHOLDERS' FUNDS			2,522,790		2,450,330

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Beacon South West Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nicholas Higgins

Director

05/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Beacon South West Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01466129 . The registered office is 263 Beacon Park Road, Plymouth, PL2 3JP.

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. 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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

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:

Freehold	2% Straight Line
Plant & Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	20% Straight Line

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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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Beacon South West Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 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: 38 (2024: 41)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2024	175,092

As at 31 May 2025	175,092

Amortisation
As at 1 June 2024	175,092

As at 31 May 2025	175,092

Net Book Value
As at 31 May 2025	-

As at 1 June 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 June 2024	1,114,020	264,990	110,970	396,316	1,886,296
Additions	-	29,494	-	-	29,494
Disposals	-	(26,372 )	-	-	(26,372 )

As at 31 May 2025	1,114,020	268,112	110,970	396,316	1,889,418

Depreciation
As at 1 June 2024	124,660	133,965	27,743	396,316	682,684
Provided during the period	9,778	50,358	27,743	-	87,879
Disposals	-	(26,372 )	-	-	(26,372 )

As at 31 May 2025	134,438	157,951	55,486	396,316	744,191

Net Book Value
As at 31 May 2025	979,582	110,161	55,484	-	1,145,227

As at 1 June 2024	989,360	131,025	83,227	-	1,203,612

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Beacon South West Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 June 2024	139,191
Additions	7,071

As at 31 May 2025	146,262

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	146,262

As at 1 June 2024	139,191

7. Stocks

	2025	2024
	£	£
Finished goods	459,587	492,039

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	92,329	22,044
Prepayments and accrued income	17,967	9,923
Other debtors	-	402

	110,296	32,369

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	293,650	399,199
Other loans	5,148	-
Corporation tax	110,831	37,301
VAT	111,686	100,815
Other creditors	811	1,377
Accruals and deferred income	270,907	148,137
Directors' loan accounts	10,434	10,215

	803,467	697,044

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	8,300	8,300

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Beacon South West Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

11. Reserves

	Revaluation Reserve
	£
As at 1 June 2024	139,191
Transfer to profit and loss	7,071

As at 31 May 2025	146,262

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