Beckwith Design Associates Limited,Ltd - Accounts

BECKWITH DESIGN ASSOCIATES LIMITED - Company Information

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Beckwith Design Associates Limited

For the year ended 31 March 2014

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 04838177

Contents Page

Beckwith Design Associates Limited

For the year ended 31 March 2014

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Beckwith Design Associates Limited

Accountants' Report

For the year ended 31 March 2014

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts

of Beckwith Design Associates Limited for the year ended 31 March 2014 which comprise the Profit and Loss Account,

the Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Beckwith Design Associates Limited, as a body, in accordance

with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the

accounts of Beckwith Design Associates Limited and state those matters that we have agreed to state to the Board of

Directors of Beckwith Design Associates Limited, as a body, in this report in accordance with the requirements of the

Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beckwith Design

Associates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Beckwith Design Associates Limited has kept adequate accounting records and to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Beckwith Design

Associates Limited. You consider that Beckwith Design Associates Limited is exempt from the statutory audit

requirement for the year.

Paul Watts FCCA

Jack Barn

Feizor

Nr Austwick

North Yorkshire

LA2 8DF

07 November 2014

Dated:

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Abbreviated Balance Sheet

Beckwith Design Associates Limited

As at 31 March 2014

04838177

Registered Number :

2014

Notes

2013

Fixed assets

Tangible assets

2,505

2,923

2,505

2,923

Current assets

Stocks

10,000

Debtors

153,620

99,032

Cash at bank and in hand

109,036

153,624

Creditors: amounts falling due within one year

(142,199)

(110,546)

11,425

(1,510)

Net current liabilities

Total assets less current liabilities

995

14,348

995

Net assets

14,348

Capital and reserves

Called up share capital

125

Profit and loss account

870

14,223

995

14,348

Shareholders funds

For the year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Date approved by the board: 31 October 2014

Mr A Lupton Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Beckwith Design Associates Limited

For the year ended 31 March 2014

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Tangible fixed assets

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:

Computer Equipment

25% Reducing balance

Fixtures and Fittings

25% Reducing balance

Stocks and work in progress

Stocks and work in progress and WIP is 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.

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Notes to the Abbreviated Financial Statements

Beckwith Design Associates Limited

For the year ended 31 March 2014

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

15,310

At 01 April 2013

417

Additions

At 31 March 2014

15,727

Depreciation

12,387

At 01 April 2013

835

Charge for year

13,222

At 31 March 2014

Net book values

At 31 March 2014

2,505

2,923

At 31 March 2013

2014

3 Creditors: amounts falling due within one year

2013

43,779

59,883

Bank loans and overdrafts (secured)

The company's bankers hold a debenture over the assets of the company. The bank also hold personal guarantees from Mr A & Mrs K S Lupton, directors of the company.

4 Share capital

Allotted called up and fully paid

2014

2013

125 Class A shares of £1.00 each

125

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