Beaty Fleet Services Limited


Directors	Mrs D E Beaty
	Mr S W Beaty
	Mr T J Beaty


Registered Address	Station View
	Greystoke Road
	Penrith
	CA11 0BX


Registered Number	13603238 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		290,987		250,384
			290,987		250,384
Current assets
Stocks		5,865		5,745
Debtors	4	201,925		163,710
Cash at bank and on hand		146,099		104,070
		353,889		273,525
Creditors amounts falling due within one year	5	(426,706)		(274,773)
Net current assets (liabilities)			(72,817)		(1,248)
Total assets less current liabilities			218,170		249,136
Provisions for liabilities	6		(38,000)		(62,000)
Net assets			180,170		187,136
Capital and reserves
Called up share capital			300		300
Profit and loss account			179,870		186,836
Shareholders' funds			180,170		187,136

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 July 2026, and are signed on its behalf by:

Mr S W Beaty
Director
Registered Company No. 13603238

Beaty Fleet Services Limited

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	20

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	31		24

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 25	165,619	124,750	6,390	296,759
Additions	99,172	13,000	467	112,639
At 31 December 25	264,791	137,750	6,857	409,398
Depreciation and impairment
At 01 January 25	20,660	22,308	3,407	46,375
Charge for year	49,152	22,022	862	72,036
At 31 December 25	69,812	44,330	4,269	118,411
Net book value
At 31 December 25	194,979	93,420	2,588	290,987
At 31 December 24	144,959	102,442	2,983	250,384

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	169,694	141,414
Amounts owed by associates and joint ventures / participating interests	6,105	-
Other debtors	-	1,508
Prepayments and accrued income	26,126	20,788
Total	201,925	163,710

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	69,197	27,852
Amounts owed to related parties	189,974	142,389
Taxation and social security	101,798	73,813
Other creditors	21,514	13,354
Accrued liabilities and deferred income	44,223	17,365
Total	426,706	274,773

6.	Provisions for liabilities
	The provision for deferred tax is made up of £72,700 in respect of accelerated capital allowances and £34,700 in respect of losses carried forward.

	2025	2024
	£	£
Net deferred tax liability (asset)	38,000	62,000
Total	38,000	62,000

7.	Related party transactions
	The Directors, Mr S and Mrs D Beaty own a unit, garage, office and yard space which they let out to the company. The rent charge from Mr S and Mrs D Beaty to the company was £15,150 (2024 - £12,000) and there was no outstanding balance as of the balance sheet date. The company had a loan account with John Beaty Transport Limited, a company in which the directors are beneficial owners. Beaty Fleet Services Limited invoiced services of £537,154 to John Beaty Transport Limited and was billed £58,796 for services provided by John Beaty Transport Limited. As of 31 December 2025, Beaty Fleet Services Limited owed John Beaty Transport Limited £189,974 (2024 - £142,389). The company had a loan account with Station View Agricultural Store Limited, a company in which the directors are beneficial owners. Beaty Fleet Services Limited invoiced services of £22,761 to Station View Agricultural Store Limited. As of 31 December 2025, Beaty Fleet Services Limited was owed £6,105 (2024 - £Nil) by Station View Agricultural Store Limited.

Related party transactions

The Directors, Mr S and Mrs D Beaty own a unit, garage, office and yard space which they let out to the company.  The rent charge from Mr S and Mrs D Beaty to the company was £15,150 (2024 - £12,000) and there was no outstanding balance as of the balance sheet date.

The company had a loan account with John Beaty Transport Limited, a company in which the directors are beneficial owners.  Beaty Fleet Services Limited invoiced services of £537,154 to John Beaty Transport Limited and was billed £58,796 for services provided by John Beaty Transport Limited.  As of 31 December 2025, Beaty Fleet Services Limited owed John Beaty Transport Limited £189,974 (2024 - £142,389).

The company had a loan account with Station View Agricultural Store Limited, a company in which the directors are beneficial owners. Beaty Fleet Services Limited invoiced services of £22,761 to Station View Agricultural Store Limited. As of 31 December 2025, Beaty Fleet Services Limited was owed £6,105 (2024 - £Nil) by Station View Agricultural Store Limited.