Beckwith Design Associates Limited,Ltd - AccountsLtd - Accounts

Beckwith Design Associates Limited,Ltd - AccountsLtd - Accounts

BECKWITH DESIGN ASSOCIATES LIMITED - Company Information

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2021-04-01 04838177 2022-03-31 04838177 2021-04-01 2022-03-31 04838177 2021-03-31 04838177 2020-04-01 2021-03-31 04838177 uk-core:WithinOneYear 2021-03-31 04838177 uk-core:WithinOneYear 2022-03-31 04838177 uk-core:AfterOneYear 2021-03-31 04838177 uk-core:AfterOneYear 2022-03-31 04838177 uk-core:ShareCapital 2022-03-31 04838177 uk-core:ShareCapital 2021-03-31 04838177 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 04838177 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 04838177 uk-bus:Director1 2021-04-01 2022-03-31 04838177 uk-core:ToolsEquipment 2021-04-01 2022-03-31 04838177 uk-core:FurnitureFittings 2021-04-01 2022-03-31 04838177 uk-core:ToolsEquipment 2021-03-31 04838177 uk-core:FurnitureFittings 2021-03-31 04838177 uk-core:FurnitureFittings 2022-03-31 04838177 uk-core:ToolsEquipment 2022-03-31 04838177 uk-core:WithinOneYear 2022-03-31 04838177 uk-core:WithinOneYear 2021-03-31 04838177 uk-core:AfterOneYear uk-core:Secured 2022-03-31 04838177 uk-core:AfterOneYear uk-core:Secured 2021-03-31 04838177 1 uk-bus:Director1 2021-04-01 2022-03-31 04838177 1 uk-bus:Director1 2022-03-31 04838177 1 uk-bus:Director1 2021-03-31 04838177 uk-core:BetweenTwoFiveYears 2021-03-31 04838177 uk-core:BetweenTwoFiveYears 2022-03-31 iso4217:GBP xbrli:pure 04838177 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 04838177 uk-bus:FRS102 2021-04-01 2022-03-31 04838177 uk-bus:FullAccounts 2021-04-01 2022-03-31 04838177 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Beckwith Design Associates Limited
Registered Number:04838177
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Beckwith Design Associates Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04838177
As at 31 March 2022
Beckwith Design Associates Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
3,370
4,493
2
3,370
4,493
Current assets
Trade and other receivables
78,766
122,192
3
8,024
Cash and cash equivalents
46,659
168,851
86,790
Trade and other payables: amounts falling due within one year
(46,115)
(80,353)
4
40,675
88,498
Net current assets
Total assets less current liabilities
91,868
45,168
Trade and other payables: amounts falling due after more than
one year
(44,167)
(34,881)
5
(600)
(805)
Provisions for liabilities
56,387
Net assets
196
Capital and reserves
Called up share capital
125
125
Retained earnings
56,262
71
56,387
196
Shareholders' funds
For the year ended 31 March 2022 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 31 March 2022 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 A Lupton Director
These financial statements were approved and authorised for issue by the Board on 29 November 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2022
Beckwith Design Associates Limited
Notes to the Financial Statements
Statutory Information
Beckwith Design Associates Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04838177.
Registered address:
The Studio
53 Leeds Road
Bradford
BD1 5AF
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:
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 31 March 2022
Beckwith Design Associates Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or valuation
At 01 April 2021
25,813
25,031
782
At 31 March 2022
782
25,031
25,813
Provision for depreciation and impairment
At 01 April 2021
21,320
20,538
782
Charge for year
1,123
1,123
-
At 31 March 2022
22,443
21,661
782
At 31 March 2022
Net book value
-
3,370
3,370
At 31 March 2021
-
4,493
4,493
3. Trade and other receivables
2021
2022
£
£
Trade debtors
120,858
43,803
Other debtors
1,334
34,963
78,766
122,192
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
9,600
5,833
Trade creditors
2,614
1,187
Taxation and social security
63,874
37,185
Other creditors
4,265
1,910
80,353
46,115
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
34,881
44,167
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6
For the year ended 31 March 2022
Beckwith Design Associates Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/04/2021
Repaid
At 31/03/2022
£
£
£
Mr A Lupton
Directors current account
-
34,315
34,315
-
34,315
34,315
7. Guarantees and other financial commitments
Lease commitments
At 31 March 2022 the company had annual commitments under non-cancellable operating leases as set out below:
2021
£
2022
£
Operating leases which expire:
-
1,479
Within 1 year
2,364
5,028
Within 2 to 5 years
5,028
3,843
8. Average number of persons employed
During the year the average number of employees was 6 (2021 : 4)
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