Beckwith Retail Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05679096

Beckwith Retail Limited

Filleted Unaudited Financial Statements

31 December 2025

Beckwith Retail Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Beckwith Retail Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	190,585	238,233
Tangible assets	6	186,190	172,730
		---------	---------
		376,775	410,963

Current assets

Stocks		125,750	117,000
Debtors	7	165,481	72,865
Cash at bank and in hand		69,058	96,121
		---------	---------
		360,289	285,986

Creditors: amounts falling due within one year	8	312,375		280,601
		---------		---------
Net current assets			47,914	5,385
			---------	---------
Total assets less current liabilities			424,689	416,348

Creditors: amounts falling due after more than one year	9		67,787	70,037

Provisions

Taxation including deferred tax	46,207	42,767
	---------	---------
Net assets	310,695	303,544
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	310,595	303,444
	---------	---------
Shareholders funds	310,695	303,544
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Beckwith Retail Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 11 September 2026 , and are signed on behalf of the board by:

P M Taylor
Director

Company registration number: 05679096

Beckwith Retail Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

The director has chosen not to adopt FRS102 10 year amortisation policy, as it is believed that this will not show a true and fair view of the company's financial performance and position. Instead, the director is undertaking annual impairment reviews at the balance sheet date, and additionally the goodwill is amortised in line with the period of lease.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	15 Years Straight Line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	Straight Line method over the lease period
Fixtures and fittings	-	10% straight line
Motor vehicles	-	20% reducing balance
Equipment	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 19 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	714,713
	---------
Amortisation
At 1 January 2025	476,480
Charge for the year	47,648
	---------
At 31 December 2025	524,128
	---------
Carrying amount
At 31 December 2025	190,585
	---------
At 31 December 2024	238,233
	---------

6. Tangible assets

	Leasehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	34,441	174,935	101,250	227,960	538,586
Additions	–	3,997	36,584	7,447	48,028
	--------	---------	---------	---------	---------
At 31 December 2025	34,441	178,932	137,834	235,407	586,614
	--------	---------	---------	---------	---------
Depreciation
At 1 January 2025	34,441	130,616	11,813	188,986	365,856
Charge for the year	–	7,199	20,326	7,043	34,568
	--------	---------	---------	---------	---------
At 31 December 2025	34,441	137,815	32,139	196,029	400,424
	--------	---------	---------	---------	---------
Carrying amount
At 31 December 2025	–	41,117	105,695	39,378	186,190
	--------	---------	---------	---------	---------
At 31 December 2024	–	44,319	89,437	38,974	172,730
	--------	---------	---------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	–	561
Other debtors	165,481	72,304
	---------	--------
	165,481	72,865
	---------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	281,000	223,685
Corporation tax	290	–
Social security and other taxes	7,554	16,290
Other creditors	23,531	40,626
	---------	---------
	312,375	280,601
	---------	---------

Within other creditors, there is an amount owed of which is secured by a fixed and floating charge on all company assets.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	67,787	70,037
	--------	--------

Within other creditors, there is an amount owed of which is secured by a fixed and floating charge on all company assets.

10. Director's advances, credits and guarantees

At the year end a director owed the company £116,282 (2024: £18,038).