Beam Calcs Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06437832 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

Beam Calcs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K D H Taylor

SECRETARY:

REGISTERED OFFICE:

9 Hollies Farm Drive

Horsley Woodhouse

Ilkeston

Derbyshire

DE7 6JW

REGISTERED NUMBER:

06437832 (England and Wales)

ACCOUNTANTS:

Easy Accounts Limited

Unit 6

Heritage Business Centre

Belper

Derbyshire

DE56 1SW

FIXED ASSETS

Intangible assets

4

3,140

3,140

Tangible assets

5

642

856

3,782

3,996

CURRENT ASSETS

Debtors

6

845

2,390

Cash at bank and in hand

1,259

985

2,104

3,375

CREDITORS

Amounts falling due within one year

7

5,796

5,300

NET CURRENT LIABILITIES

(3,692

)

(1,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90

2,071

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

89

2,070

SHAREHOLDERS' FUNDS

90

2,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 27 September 2017 and were signed by:

K D H Taylor - Director

1.	STATUTORY INFORMATION

Beam Calcs 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

and 31 December 2016

3,140

NET BOOK VALUE

At 31 December 2016

3,140

At 31 December 2015

3,140

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

3,935

DEPRECIATION

At 1 January 2016

3,079

Charge for year

214

At 31 December 2016

3,293

NET BOOK VALUE

At 31 December 2016

642

At 31 December 2015

856

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

845

2,390

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Tax

1,733

2,085

Directors' loan accounts

3,633

2,785

Accrued expenses

430

430

5,796

5,300

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

K D H Taylor

Balance outstanding at start of year

2,785

2,345

Amounts advanced

1,815

480

Amounts repaid

(967

)

(40

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,633

2,785

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K D H Taylor.