A.E. Beckett & Sons (Developments) Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01145746 (England and Wales)

Financial Statements

for the Year Ended 31 December 2019

for

A.E. BECKETT & SONS (DEVELOPMENTS)

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

S Beckett

A Beckett

Secretary:

S Beckett

Registered office:

Heath Farm

Wythall

Birmingham

B47 6AJ

Registered number:

01145746 (England and Wales)

Auditors:

Haines Watts Birmingham LLP

5-6 Greenfield Crescent

Edgbaston

Birmingham

B15 3BE

Fixed assets

Tangible assets

5

798,521

828,141

Current assets

Debtors

6

20,629

-

Creditors

Amounts falling due within one year

7

27,899

125,814

Net current liabilities

(7,270

)

(125,814

)

Total assets less current liabilities

791,251

702,327

Provisions for liabilities

36,233

37,886

Net assets

755,018

664,441

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

754,018

663,441

Shareholders' funds

755,018

664,441

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 3 April 2020 and were signed on its behalf by:

S Beckett - Director

1.	Statutory information

A.E. Beckett & Sons (Developments) Limited 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and

considered relevant information, including the annual budget and future cash flows in making their assessment.

In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take

into account the impact on their business of possible scenarios brought on by the impact of COVID-19,

alongside the measures that they can take to mitigate the impact. Based on these assessments, given the

measures that could be undertaken to mitigate the current adverse conditions, and the current resources

available, the Directors have concluded that they can continue to adopt the going concern basis in preparing

the annual report and accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

All fixed assets are initially recorded at cost.

Taxation

Taxation for the year 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 statement of financial position date.

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

statement of financial position 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.

Debtors and creditors receivable/ payable in one year

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

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

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

4.	Employees and directors

The average number of employees during the year was 2 (2018 - 2 ) .

5.	Tangible fixed assets

Freehold

Improvements

property

to property

Totals

£

£

£

Cost

At 1 January 2019

and 31 December 2019

826,975

1,227,296

2,054,271

Depreciation

At 1 January 2019

241,747

984,383

1,226,130

Charge for year

16,540

13,080

29,620

At 31 December 2019

258,287

997,463

1,255,750

Net book value

At 31 December 2019

568,688

229,833

798,521

At 31 December 2018

585,228

242,913

828,141

6.

Debtors: amounts falling due within one year

2019

2018

£

£

Amounts owed by group undertakings

20,629

-

7.

Creditors: amounts falling due within one year

2019

2018

£

£

Amounts owed to group undertakings

-

97,662

Taxation and social security

27,899

28,152

27,899

125,814

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary

1

1,000

1,000

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Henry Briggs (Senior Statutory Auditor)

for and on behalf of Haines Watts Birmingham LLP

10.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

The company was under the control of Mr S Beckett throughout the current and previous year by virtue of his

controlling interest in the ultimate parent company, A E Beckett & Sons Limited.