Beechwood Financial Management Ltd
Beechwood Financial Management Ltd
Registered number: 09467660
Unaudited ABRIDGED Financial Statements
For The Year Ended
30 September 2021
ATB Accounting Ltd
Beechwood Financial Management Ltd
Unaudited Financial Statements
For The Year Ended
30 September 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 2—3 |
| Notes to the Abridged Financial Statements | 4—5 |
Beechwood Financial Management Ltd
Abridged Balance Sheet
As at
30 September 2021
Abridged Balance Sheet
Registered number:
09467660
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 287,163 | 262,086 | |||
Beechwood Financial Management Ltd
Abridged Balance Sheet (continued)
As at
30 September 2021
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2021 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
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Director
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The notes on pages 4 to 5 form part of these financial statements.
Beechwood Financial Management Ltd
Notes to the Abridged Financial Statements
For The Year Ended
30 September 2021
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.4.
Taxation
Income tax expense represents the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2021 | 2020 | ||
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| Office and administration |
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3.
Tangible Assets
| Total | |
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| £ | |
| Cost | |
| As at
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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Beechwood Financial Management Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended
30 September 2021
5.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
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Amounts advanced | Amounts repaid | Amounts written off | As at
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|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Geoffrey White |
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The above loan is unsecured, interest free and repayable on demand. It was repaid in December 2021.
6.
Dividends
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 40,500 | 40,000 | ||
7.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is
Whiteworld Holdings Limited
.
Whiteworld Holdings Limited
was incorporated in England and Wales, registered office Aston House, 57 Woodlands Avenue, Trimley St Mary, Felisxtowe, Suffolk, IP11 0AB. The ultimate controlling party is
Geoff White
who controls 100% of the shares of Whiteworld Holdings Limited.
8.
General Information
Beechwood Financial Management Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
09467660
. The registered office is Aston House, 57 Woodlands Avenue, Trimley St Mary, Felistowe, Suffolk, IP11 0AB.