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Registered number: 02017860
Beechwood (Derby) Limited
Financial Statements
For The Year Ended 31 December 2025
The TAX Partnership
2 Cheapside
Derby
DE1 1BR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02017860
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 64,328 73,954
Tangible Assets 5 323,433 332,832
387,761 406,786
CURRENT ASSETS
Stocks 6 3,019,507 2,042,770
Debtors 7 264,310 236,117
Cash at bank and in hand 267,085 212,543
3,550,902 2,491,430
Creditors: Amounts Falling Due Within One Year 8 (3,495,663 ) (2,421,903 )
NET CURRENT ASSETS (LIABILITIES) 55,239 69,527
TOTAL ASSETS LESS CURRENT LIABILITIES 443,000 476,313
Creditors: Amounts Falling Due After More Than One Year 9 (53,636 ) (81,493 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,427 ) (49,568 )
NET ASSETS 343,937 345,252
CAPITAL AND RESERVES
Called up share capital 10 300,003 300,003
Revaluation reserve 1,314 1,314
Profit and Loss Account 42,620 43,935
SHAREHOLDERS' FUNDS 343,937 345,252
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For the year ending 31 December 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 Robert Wood
Director
25/08/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Beechwood (Derby) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02017860 . The registered office is 8 Siddals Road, Derby, Derbyshire, DE1 2QD.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are development costs. It is amortised to the profit and loss account over its estimated economic life of 4 years.
2.5. 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 10% Straight line
Leasehold Straight line basis over the term of the lease
Plant & Machinery 10% Straight line
Motor Vehicles Nil
Fixtures & Fittings 10% Straight line
Computer Equipment 10% Straight line
2.6. 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.
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2.7. 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 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: 31 (2024: 30)
31 30
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2025 40,000 236,174 276,174
As at 31 December 2025 40,000 236,174 276,174
Amortisation
As at 1 January 2025 40,000 162,220 202,220
Provided during the period - 9,626 9,626
As at 31 December 2025 40,000 171,846 211,846
Net Book Value
As at 31 December 2025 - 64,328 64,328
As at 1 January 2025 - 73,954 73,954
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 157,209 100,112 43,426 451,514
Additions - 6,644 - 12,707
As at 31 December 2025 157,209 106,756 43,426 464,221
Depreciation
As at 1 January 2025 - 74,392 4,595 340,928
Provided during the period - 5,005 - 23,599
As at 31 December 2025 - 79,397 4,595 364,527
Net Book Value
As at 31 December 2025 157,209 27,359 38,831 99,694
As at 1 January 2025 157,209 25,720 38,831 110,586
Computer Equipment Total
£ £
Cost
As at 1 January 2025 1,460 753,721
Additions - 19,351
As at 31 December 2025 1,460 773,072
Depreciation
As at 1 January 2025 974 420,889
Provided during the period 146 28,750
As at 31 December 2025 1,120 449,639
Net Book Value
As at 31 December 2025 340 323,433
As at 1 January 2025 486 332,832
6. Stocks
2025 2024
£ £
Stock 3,019,507 2,042,770
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 138,870 143,076
Other debtors 125,440 93,041
264,310 236,117
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,498,446 1,444,246
Bank loans and overdrafts 4,167 10,000
Other loan 123,690 121,822
Other creditors 829,644 801,259
Taxation and social security 39,716 44,576
3,495,663 2,421,903
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 4,167
Pension Scheme loan - Over 1 yr 53,636 77,326
53,636 81,493
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 300,003 300,003
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Robert Wood - 20,000 - - 20,000
All loans to the directors were repaid within the financial year.
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