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Registered number: 07528159
Beon Core Ltd
Unaudited Financial Statements
For the Period 1 May 2024 to 31 July 2025
Phillips Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07528159
31 July 2025 30 April 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,000 -
Tangible Assets 5 12,856 35,846
37,856 35,846
CURRENT ASSETS
Stocks 6 87,567 63,813
Debtors 7 98,166 243,445
Cash at bank and in hand 2,850 966
188,583 308,224
Creditors: Amounts Falling Due Within One Year 8 (343,534 ) (265,401 )
NET CURRENT ASSETS (LIABILITIES) (154,951 ) 42,823
TOTAL ASSETS LESS CURRENT LIABILITIES (117,095 ) 78,669
Creditors: Amounts Falling Due After More Than One Year 9 (8,144 ) (55,048 )
NET (LIABILITIES)/ASSETS (125,239 ) 23,621
CAPITAL AND RESERVES
Called up share capital 11 155,000 255,000
Revaluation reserve 12 23,000 -
Profit and Loss Account (303,239 ) (231,379 )
SHAREHOLDERS' FUNDS (125,239) 23,621
Page 1
Page 2
For the period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Gaganbir Jandu
Director
28/04/2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Beon Core Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07528159 . The registered office is University of Wolverhampton SB210, Telford Innovation Campus, Shifnal Road, Telford, Shropshire, TF2 9NT.
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. 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:
Motor Vehicles 25% per annum on cost
Fixtures & Fittings 25% per annum on reducing balance
Computer Equipment 10% per annum on cost
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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 profit and loss account 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 profit and loss account as incurred.
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.
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 period, 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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 2)
1 2
4. Intangible Assets
Intellectual Property
£
Cost or Valuation
As at 1 May 2024 -
Additions 2,000
Revaluations 23,000
As at 31 July 2025 25,000
Net Book Value
As at 31 July 2025 25,000
As at 1 May 2024 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 17,995 2,053 151,171 171,219
Additions - - 1,772 1,772
As at 31 July 2025 17,995 2,053 152,943 172,991
Depreciation
As at 1 May 2024 375 1,939 133,059 135,373
Provided during the period 5,623 36 19,103 24,762
As at 31 July 2025 5,998 1,975 152,162 160,135
Net Book Value
As at 31 July 2025 11,997 78 781 12,856
As at 1 May 2024 17,620 114 18,112 35,846
6. Stocks
31 July 2025 30 April 2024
£ £
Finished goods 87,567 63,813
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7. Debtors
31 July 2025 30 April 2024
£ £
Due within one year
Trade debtors 54,433 107,320
Other debtors 11,035 -
Director's loan account 32,698 36,125
Called up share capital not paid - 100,000
98,166 243,445
8. Creditors: Amounts Falling Due Within One Year
31 July 2025 30 April 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,239 6,763
Trade creditors 104,429 97,318
Bank loans and overdrafts 27,285 15,036
Corporation tax 11,035 -
Other taxes and social security 30,982 23,684
Other creditors 33,480 42,703
Other Loans 131,809 78,622
Accruals and deferred income 1,275 1,275
343,534 265,401
9. Creditors: Amounts Falling Due After More Than One Year
31 July 2025 30 April 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,144 12,968
Bank loans - 42,080
8,144 55,048
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10. Obligations Under Finance Leases and Hire Purchase
31 July 2025 30 April 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,239 6,763
Later than one year and not later than five years 8,144 12,968
11,383 19,731
11,383 19,731
11. Share Capital
31 July 2025 30 April 2024
£ £
Called Up Share Capital not Paid - 100,000
Called Up Share Capital has been paid up 155,000 155,000
Amount of Allotted, Called Up Share Capital 155,000 255,000
12. Reserves
Revaluation Reserve
£
Surplus on revaluation 23,000
As at 31 July 2025 23,000
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