David Beckman & Co Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04744238 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DAVID BECKMAN & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D J Beckman

REGISTERED OFFICE:

62 The Street

Ashtead

Surrey

KT21 1AT

REGISTERED NUMBER:

04744238 (England and Wales)

ACCOUNTANTS:

David Beckman & Co Ltd

62 The Street

Ashtead

Surrey

KT21 1AT

BANKERS:

Barclays Bank Plc

PO Box 159

82-84 High Street

Epsom

Surrey

KT19 8YL

FIXED ASSETS

Intangible assets

5

273

3,568

Tangible assets

6

29,695

36,852

29,968

40,420

CURRENT ASSETS

Debtors

7

122,544

68,615

Cash at bank and in hand

377,771

339,373

500,315

407,988

CREDITORS

Amounts falling due within one year

8

(156,053

)

(75,858

)

NET CURRENT ASSETS

344,262

332,130

TOTAL ASSETS LESS CURRENT LIABILITIES

374,230

372,550

PROVISIONS FOR LIABILITIES

(7,204

)

(6,800

)

NET ASSETS

367,026

365,750

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

366,926

365,650

SHAREHOLDERS' FUNDS

367,026

365,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:

Mr D J Beckman - Director

1.	STATUTORY INFORMATION

David Beckman & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from the standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis if required.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 requires management to exercise judgement in applying the company accounting policies and the use of certain critical

accounting estimates.

The items in the financial statements where these judgement and estimates have been made include:

Judgements

- The method of arriving at the amounts recoverable under contracts.

Estimates

- The useful life of fixed assets.

Changes in accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding value added tax and discounts.

The majority of the turnover is invoiced on a straight line basis over the period of the annual contract. Other invoicing is on a time cost basis.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets and depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is calculated to write down the costs less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.

The rates applicable are:-

- Plant and machinery - 20%

- Fixtures and fittings -15%

- Computer equipment -25%

- Motor vehicles -20%

Impairment of Assets

At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment been recognised for the asset in prior years.

All impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially recognised at transaction price less any impairment.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price less any impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a UK statutory workplace pension scheme. It also makes contributions to certain employees' personal pension schemes. All contributions are charged to profit or loss in the period to which they relate.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are

received.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

65,900

AMORTISATION

At 1 April 2022

62,332

Charge for year

3,295

At 31 March 2023

65,627

NET BOOK VALUE

At 31 March 2023

273

At 31 March 2022

3,568

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

74,676

Additions

3,431

At 31 March 2023

78,107

DEPRECIATION

At 1 April 2022

37,824

Charge for year

10,588

At 31 March 2023

48,412

NET BOOK VALUE

At 31 March 2023

29,695

At 31 March 2022

36,852

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

101,396

45,176

Amounts owed by participating interests

7,823

3,952

Amounts recoverable on contracts

750

750

Other debtors

12,575

18,737

122,544

68,615

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

6,392

5,147

Taxation and social security

124,429

62,943

Other creditors

25,232

7,768

156,053

75,858

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022

£

£

Within one year

19,500

18,500

Between one and five years

76,875

74,000

In more than five years

-

13,875

96,375

106,375