Company registration number 07590424 (England and Wales)
Beard Creative Limited
Unaudited Financial Statements
For the year ended 30 April 2025
Beard Creative Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
Beard Creative Limited
Statement of financial position
As at 30 April 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,667
3,733
Current assets
Debtors
5
171,286
127,874
Cash at bank and in hand
14,021
22,185
185,307
150,059
Creditors: amounts falling due within one year
6
(132,680)
(67,623)
Net current assets
52,627
82,436
Total assets less current liabilities
56,294
86,169
Creditors: amounts falling due after more than one year
7
(37,260)
(57,326)
Net assets
19,034
28,843
Capital and reserves
Called up share capital
100
100
Share premium account
28,499
28,499
Profit and loss reserves
(9,565)
244
Total equity
19,034
28,843
Beard Creative Limited
Statement of financial position (continued)
As at 30 April 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 April 2026 and are signed on its behalf by:
Mr R March
Director
Company registration number 07590424 (England and Wales)
Beard Creative Limited
Notes to the financial statements
For the year ended 30 April 2025
- 3 -
1
Accounting policies
Company information

Beard Creative Limited is a private company limited by shares incorporated in England and Wales. The registered office is Progress House, Central Park, Great Western Avenue, Worcester, Worcestershire, England, WR5 1AQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and was amortised on a systematic basis over its expected life.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Beard Creative Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Beard Creative Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Beard Creative Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024 and 30 April 2025
26,691
Amortisation and impairment
At 1 May 2024 and 30 April 2025
26,691
Carrying amount
At 30 April 2025
-
0
At 30 April 2024
-
0
4
Tangible fixed assets
Beard Creative Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
4
Tangible fixed assets
(Continued)
- 7 -
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 May 2024
7,655
32,080
39,735
Additions
-
0
2,864
2,864
At 30 April 2025
7,655
34,944
42,599
Depreciation and impairment
At 1 May 2024
5,969
30,033
36,002
Depreciation charged in the year
423
2,507
2,930
At 30 April 2025
6,392
32,540
38,932
Carrying amount
At 30 April 2025
1,263
2,404
3,667
At 30 April 2024
1,686
2,047
3,733
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
38,580
6,995
Other debtors
132,706
120,879
171,286
127,874
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
47,840
31,317
Trade creditors
4,173
3,955
Taxation and social security
39,975
30,583
Other creditors
40,692
1,768
132,680
67,623
Beard Creative Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 8 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
37,260
57,326
2025-04-30 2024-05-01 false false false 08 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr R March Mr D Webb 07590424 2024-05-01 2025-04-30 07590424 2025-04-30 07590424 2024-04-30 07590424 core:FurnitureFittings 2025-04-30 07590424 core:ComputerEquipment 2025-04-30 07590424 core:FurnitureFittings 2024-04-30 07590424 core:ComputerEquipment 2024-04-30 07590424 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 07590424 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07590424 core:CurrentFinancialInstruments 2025-04-30 07590424 core:CurrentFinancialInstruments 2024-04-30 07590424 core:Non-currentFinancialInstruments 2025-04-30 07590424 core:Non-currentFinancialInstruments 2024-04-30 07590424 core:ShareCapital 2025-04-30 07590424 core:ShareCapital 2024-04-30 07590424 core:SharePremium 2025-04-30 07590424 core:SharePremium 2024-04-30 07590424 core:RetainedEarningsAccumulatedLosses 2025-04-30 07590424 core:RetainedEarningsAccumulatedLosses 2024-04-30 07590424 bus:Director1 2024-05-01 2025-04-30 07590424 core:Goodwill 2024-05-01 2025-04-30 07590424 core:FurnitureFittings 2024-05-01 2025-04-30 07590424 core:ComputerEquipment 2024-05-01 2025-04-30 07590424 2023-05-01 2024-04-30 07590424 core:NetGoodwill 2024-04-30 07590424 core:NetGoodwill 2025-04-30 07590424 core:NetGoodwill 2024-04-30 07590424 core:FurnitureFittings 2024-04-30 07590424 core:ComputerEquipment 2024-04-30 07590424 2024-04-30 07590424 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 07590424 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 07590424 bus:FRS102 2024-05-01 2025-04-30 07590424 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 07590424 bus:Director2 2024-05-01 2025-04-30 07590424 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP