Beaming Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05163715 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

BEAMING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

S J Ross

S Blizzard

SECRETARY:

S Blizzard

REGISTERED OFFICE:

Hanover House

Marine Court

ST LEONARDS ON SEA

East Sussex

TN38 0DX

REGISTERED NUMBER:

05163715 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Intangible assets

4

-

2,160

Tangible assets

5

41,264

59,386

41,264

61,546

CURRENT ASSETS

Debtors

6

86,746

81,526

Cash at bank

841,629

838,039

928,375

919,565

CREDITORS

Amounts falling due within one year

7

254,035

287,366

NET CURRENT ASSETS

674,340

632,199

TOTAL ASSETS LESS CURRENT LIABILITIES

715,604

693,745

PROVISIONS FOR LIABILITIES

6,038

9,222

NET ASSETS

709,566

684,523

CAPITAL AND RESERVES

Called up share capital

58,168

58,168

Retained earnings

651,398

626,355

SHAREHOLDERS' FUNDS

709,566

684,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 24 December 2018 and were signed on its behalf by:

S Blizzard - Director

S J Ross - Director

1.	STATUTORY INFORMATION

Beaming Ltd 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.

The directors have made an assessment and do not consider there to be any material uncertainties about the

company's ability to continue as a going concern. As a result they have adopted the going concern basis of

accounting.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised

when the company receives the right to consideration.

Where payments are received from customers in advance of services provided, the amounts are recorded as

payments on account and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2017

and 30 June 2018

10,800

AMORTISATION

At 1 July 2017

8,640

Charge for year

2,160

At 30 June 2018

10,800

NET BOOK VALUE

At 30 June 2018

-

At 30 June 2017

2,160

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

258,781

Additions

11,219

At 30 June 2018

270,000

DEPRECIATION

At 1 July 2017

199,395

Charge for year

29,341

At 30 June 2018

228,736

NET BOOK VALUE

At 30 June 2018

41,264

At 30 June 2017

59,386

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

2,420

-

Amounts recoverable on contract

6,920

2,825

Other debtors

5,917

5,500

Prepayments and accrued income

71,489

73,201

86,746

81,526

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

70,796

77,842

Tax

46,294

58,336

Social security and other taxes

46,986

52,807

VAT

21,818

9,887

Other creditors

236

217

Directors' current accounts

18

4,470

Deferred income

47,101

62,411

Accrued expenses

20,786

21,396

254,035

287,366

8.	LEASING AGREEMENTS

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

30.6.18

30.6.17

£

£

Within one year

20,325

40,649

Between one and five years

-

20,325

20,325

60,974

9.	RELATED PARTY DISCLOSURES

A Directors loan account exists to which there are no terms attached. At the year end Mr S J Ross and Miss S

Blizzard were owed £9 each by the company.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

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

financial statements of Beaming Ltd for the year ended 30 June 2018 which comprise the Statement of Income and

Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Beaming Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Beaming Ltd and state those matters that we have agreed to state to the Board of Directors of Beaming Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beaming Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Beaming Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beaming Ltd. You consider that Beaming Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Beaming Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

24 December 2018