Beal Davis Software Limited Accounts

BEAL DAVIS SOFTWARE LIMITED - Company Information






Beal Davis Software Limited

	Company No. 05149788
		Information for Filing with The Registrar
		30 June 2022

at	30 June 2022
Company No.		05149788	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	5,112	5,082


				5,112	5,082
Current assets

	Debtors		5	91,341	62,332

	Cash at bank and in hand			699,194	646,780
				790,535	709,112
Creditors: Amount falling due within one year			6	(175,434)	(203,032)
Net current assets				615,101	506,080
Total assets less current liabilities				620,213	511,162




Net assets				620,213	511,162

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		7	620,113	511,062

Total equity				620,213	511,162



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 June 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 June 2022
And signed on its behalf by:
D. Humphreys
Director
30 June 2022

for the year ended 30 June 2022

General information

Its registered number is: 05149788

Its registered office is:

32-33 Foregate Street

Worcester,

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% reducing balance

Furniture, fittings and equipment

33% reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	6	6

4	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 July 2021	3,340	22,502	25,842
		Additions	572	1,850	2,422



		At 30 June 2022	3,912	24,352	28,264
		Depreciation
		At 1 July 2021	2,854	17,906	20,760
		Charge for the year	265	2,127	2,392



		At 30 June 2022	3,119	20,033	23,152
		Net book values
		At 30 June 2022	793	4,319	5,112
		At 30 June 2021	486	4,596	5,082

5	Debtors
			2022	2021
			£	£
		Trade debtors	85,376	57,472





		Other debtors	5,965	4,860

			91,341	62,332

6	Creditors:
		amounts falling due within one year
			2022	2021
			£	£




		Trade creditors	8,387	9,525

		Corporation tax	62,165	76,217
		Other taxes and social security	28,771	23,919
		Loans from directors	74,765	90,800
		Other creditors	71	1,321
		Accruals and deferred income	1,275	1,250
			175,434	203,032

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2022	2021
			£	£
		Dividends for the period:
		Dividends paid in the period	156,000	154,800

			156,000	154,800

		Dividends by type:

		Equity dividends	156,000	154,800
			156,000	154,800