Beaming Ltd - Accounts to registrar (filleted) - small 18.2

Beaming Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05163715 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

BEAMING LTD

BEAMING LTD (REGISTERED NUMBER: 05163715)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BEAMING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2019







DIRECTORS: S J Ross
S Blizzard





SECRETARY: S Blizzard





REGISTERED OFFICE: Hanover House
Marine Court
ST LEONARDS ON SEA
East Sussex
TN38 0DX





REGISTERED NUMBER: 05163715 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

BEAMING LTD (REGISTERED NUMBER: 05163715)

BALANCE SHEET
30 JUNE 2019

30.6.19 30.6.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,997 41,264
39,997 41,264

CURRENT ASSETS
Stocks 24,250 -
Debtors 6 91,236 86,746
Cash at bank 635,727 841,629
751,213 928,375
CREDITORS
Amounts falling due within one year 7 233,586 254,035
NET CURRENT ASSETS 517,627 674,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

557,624

715,604

PROVISIONS FOR LIABILITIES 6,021 6,038
NET ASSETS 551,603 709,566

CAPITAL AND RESERVES
Called up share capital 58,168 58,168
Retained earnings 493,435 651,398
SHAREHOLDERS' FUNDS 551,603 709,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

BEAMING LTD (REGISTERED NUMBER: 05163715)

BALANCE SHEET - continued
30 JUNE 2019


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 November 2019 and were signed on its behalf
by:




S Blizzard - Director



S J Ross - Director


BEAMING LTD (REGISTERED NUMBER: 05163715)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have made an assessment and do not consider there to be any material uncertainties about the
company's ability to continue as a going concern. As a result they have adopted the going concern basis of
accounting.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised
when the company receives the right to consideration.

Where payments are received from customers in advance of services provided, the amounts are recorded as
payments on account and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been amortised
fully over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

BEAMING LTD (REGISTERED NUMBER: 05163715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2018 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2018
and 30 June 2019 10,800
AMORTISATION
At 1 July 2018
and 30 June 2019 10,800
NET BOOK VALUE
At 30 June 2019 -
At 30 June 2018 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2018 270,000
Additions 22,382
At 30 June 2019 292,382
DEPRECIATION
At 1 July 2018 228,736
Charge for year 23,649
At 30 June 2019 252,385
NET BOOK VALUE
At 30 June 2019 39,997
At 30 June 2018 41,264

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade debtors - 2,420
Amounts recoverable on contract 7,331 6,920
Other debtors 83,905 77,406
91,236 86,746

BEAMING LTD (REGISTERED NUMBER: 05163715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade creditors 122,474 70,796
Taxation and social security 88,425 115,098
Other creditors 22,687 68,141
233,586 254,035

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.19 30.6.18
£    £   
Within one year 50,934 20,325

9. RELATED PARTY DISCLOSURES

A Directors loan account exists to which there are no terms attached. At the year end Mr S J Ross and Miss S
Blizzard were owed £11 by the company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BEAMING LTD

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only
required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Directors are not required to be filed with the Registrar of
Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Beaming Ltd for the year ended 30 June 2019 which comprise the Statement of Income and
Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Beaming Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Beaming Ltd and state those matters that we have agreed to state to the Board of Directors of Beaming Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beaming Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Beaming Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beaming Ltd. You consider that Beaming Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Beaming Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


28 November 2019