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BEAL DAVIS SOFTWARE LIMITED - Company Information

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Beal Davis Software Limited

Registered Number:05149788

For the year ended 30 June 2020

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2020

Beal Davis Software Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

05149788

As at 30 June 2020

Beal Davis Software Limited

Statement of Financial Position

2019

2020

Notes

Fixed assets

Property, plant and equipment

3,212

2,716

3,212

2,716

Current assets

Trade and other receivables

47,992

39,954

350,590

Cash and cash equivalents

415,185

455,139

398,582

Trade and other payables: amounts falling due within one year

(174,566)

(143,114)

224,016

312,025

Net current assets

Total assets less current liabilities

315,237

226,732

315,237

Net assets

226,732

Capital and reserves

Called up share capital

100

Retained earnings

315,137

226,632

315,237

226,732

Shareholders' funds

For the year ended 30 June 2020 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 of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

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

Mr D Humphreys Director

These financial statements were approved and authorised for issue by the Board on 23 September 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2020

Beal Davis Software Limited

Notes to the Financial Statements

Statutory Information

Beal Davis Software Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 05149788.

Registered address:

32-33 Foregate Street

Worcester

WR1 1EE

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The

financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

33% Reducing balance

Computer equipment

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 30 June 2020

Beal Davis Software Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Cost or valuation

At 01 July 2019

19,572

16,789

2,783

1,975

1,418

557

Additions

At 30 June 2020

3,340

18,207

21,547

Provision for depreciation and impairment

At 01 July 2019

16,856

14,380

2,476

Charge for year

1,479

1,263

216

At 30 June 2020

18,335

15,643

2,692

At 30 June 2020

Net book value

648

2,564

3,212

At 30 June 2019

307

2,409

2,716

3. Trade and other receivables

2019

2020

Trade debtors

35,282

44,232

Other debtors

4,672

3,760

47,992

39,954

4. Trade and other payables: amounts falling due within one year

2019

2020

Trade creditors

1,960

1,758

Taxation and social security

49,154

80,058

Other creditors

92,000

92,750

143,114

174,566

5. Average number of persons employed

During the year the average number of employees was 6 (2019 : 6)

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