Beep Digital Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09570317

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2019 TO 31 MARCH 2020

FOR

BEEP DIGITAL LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

165

305

Tangible assets

5

101,265

34,578

101,430

34,883

Current assets

Stocks

-

24,066

Debtors

6

133,359

133,071

Cash at bank and in hand

135,945

152,664

269,304

309,801

Creditors

Amounts falling due within one year

7

81,580

100,376

Net current assets

187,724

209,425

Total assets less current liabilities

289,154

244,308

Creditors

Amounts falling due after more than one year

8

(48,425

)

(37,544

)

Provisions for liabilities

10

(13,734

)

(4,538

)

Net assets

226,995

202,226

Capital and reserves

Called up share capital

11

100

100

Retained earnings

226,895

202,126

Shareholders' funds

226,995

202,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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.

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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2020 and were signed on its behalf by:

Mrs A J Vincent - Director

1.	Statutory information

Beep Digital Limited is a private company, limited by shares, registered in England and Wales. The company's registered

number is 09570317. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH, and business address is

12-14 High Street, Poole, Dorset, BH15 1BP.

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.

On 1 April 2020, the company changed its accounting period end from 30 April to 31 March in order to align with the tax

year and to mirror the cycle of business performance. As a result, the amounts shown in the current period are not directly

comparable with those in the previous year.

Turnover

Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course

of business. Turnover is recognised when the service has been provided to the customer.

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.

Trademarks are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance and Over the term of the lease

Computer equipment

-

33% on reducing balance

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 period 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.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the

contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract

that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any

losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Grants

A grant that does not impose specified future performance conditions on the company is recognised as income when the

grant proceeds become receivable.

Grants that impose specified future performance-related conditions on the company are recognised as income only when

the performance conditions are met.

3.	Employees and directors

The average number of employees during the period was 13 (2019 - 10 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 May 2019

and 31 March 2020

610

Amortisation

At 1 May 2019

305

Charge for period

140

At 31 March 2020

445

Net book value

At 31 March 2020

165

At 30 April 2019

305

5.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 May 2019

14,305

12,995

33,844

61,144

Additions

4,853

89,023

12,014

105,890

Disposals

-

(12,995

)

-

(12,995

)

At 31 March 2020

19,158

89,023

45,858

154,039

Depreciation

At 1 May 2019

7,473

2,299

16,794

26,566

Charge for period

2,678

17,037

8,792

28,507

Eliminated on disposal

-

(2,299

)

-

(2,299

)

At 31 March 2020

10,151

17,037

25,586

52,774

Net book value

At 31 March 2020

9,007

71,986

20,272

101,265

At 30 April 2019

6,832

10,696

17,050

34,578

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

Cost

At 1 May 2019

12,995

Additions

33,233

Disposals

(12,995

)

At 31 March 2020

33,233

Depreciation

At 1 May 2019

2,299

Charge for period

4,252

Eliminated on disposal

(2,299

)

At 31 March 2020

4,252

Net book value

At 31 March 2020

28,981

At 30 April 2019

10,696

6.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

131,109

133,071

Other debtors

2,250

-

133,359

133,071

7.

Creditors: amounts falling due within one year

2020

2019

£

£

Other loans

10,220

9,009

Finance leases

4,393

1,226

Trade creditors

1,523

-

Tax

37,222

68,515

Social security and other taxes

9,722

6,382

VAT

11,685

712

Other creditors

2,290

9,539

Directors' current accounts

775

998

Accruals and deferred income

3,750

3,995

81,580

100,376

8.

Creditors: amounts falling due after more than one year

2020

2019

£

£

Other loans - 1-2 years

11,541

10,330

Other loans - 2-5 years

10,626

21,256

Finance leases

26,258

5,958

48,425

37,544

9.	Secured debts

The following secured debts are included within creditors:

2020

2019

£

£

Finance leases

30,651

7,184

Amounts owing under finance lease agreements are secured against the assets to which they relate.

10.	Provisions for liabilities

2020

2019

£

£

Deferred tax

13,734

4,538

Deferred

tax

£

Balance at 1 May 2019

4,538

Charge to Income statement during period

9,196

Balance at 31 March 2020

13,734

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

12.	Ultimate controlling party

The company is under the control of the Directors, Mr & Mrs Vincent, who between them own 100% of the share capital of

the company.