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BECKWITH DESIGN ASSOCIATES LIMITED - Company Information

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Beckwith Design Associates Limited

Registered Number:04838177

For the year ended 31 March 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2021

Beckwith Design Associates Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

04838177

As at 31 March 2021

Beckwith Design Associates Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

4,493

4,418

4,493

4,418

Current assets

Trade and other receivables

49,778

78,766

396

Cash and cash equivalents

8,024

86,790

50,174

Trade and other payables: amounts falling due within one year

(53,035)

(46,115)

(2,861)

40,675

Net current assets

Total assets less current liabilities

45,168

1,557

Trade and other payables: amounts falling due after more than

one year

(44,167)

(805)

(780)

Provisions for liabilities

196

Net assets

777

Capital and reserves

Called up share capital

125

Retained earnings

652

196

777

Shareholders' funds

For the year ended 31 March 2021 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 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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 25 November 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2021

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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For the year ended 31 March 2021

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 2020

24,240

23,458

782

1,573

Additions

At 31 March 2021

782

25,031

25,813

Provision for depreciation and impairment

At 01 April 2020

19,822

19,040

782

Charge for year

1,498

At 31 March 2021

21,320

20,538

782

At 31 March 2021

Net book value

4,493

At 31 March 2020

4,418

3. Trade and other receivables

2020

2021

Trade debtors

43,803

48,662

Other debtors

34,963

1,116

49,778

78,766

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

2020

2021

Bank loans and overdraft

5,833

Trade creditors

1,187

3,702

Taxation and social security

37,185

33,818

Other creditors

1,910

15,515

46,115

53,035

5. Trade and other payables: amounts falling due after more than one year

2020

2021

Bank loans and overdraft

44,167

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For the year ended 31 March 2021

Beckwith Design Associates Limited

Notes to the Financial Statements Continued

6. Directors advances and guarantees

At 01/04/2020

Loaned

At 31/03/2021

Mr A Lupton

Directors current account

34,315

7. Guarantees and other financial commitments

Lease commitments

At 31 March 2021 the company had annual commitments under non-cancellable operating leases as set out below:

2020

2021

Operating leases which expire:

1,479

3,799

Within 1 year

6,666

2,364

Within 2 to 5 years

3,843

10,465

8. Average number of persons employed

During the year the average number of employees was 4 (2020 : 5)

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