29
31/05/2022
2022-05-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
true
false
No description of principal activities is disclosed
2021-06-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
03122553
2021-06-01
2022-05-31
03122553
2022-05-31
03122553
2021-05-31
03122553
2020-06-01
2021-05-31
03122553
2021-05-31
03122553
2020-05-31
03122553
core:PlantMachinery
2021-06-01
2022-05-31
03122553
core:FurnitureFittingsToolsEquipment
2021-06-01
2022-05-31
03122553
core:MotorVehicles
2021-06-01
2022-05-31
03122553
core:OnerousContractsExcludingVacantProperties
2021-06-01
2022-05-31
03122553
core:NetGoodwill
2021-06-01
2022-05-31
03122553
bus:RegisteredOffice
2021-06-01
2022-05-31
03122553
bus:LeadAgentIfApplicable
2021-06-01
2022-05-31
03122553
bus:Director1
2021-06-01
2022-05-31
03122553
bus:Director2
2021-06-01
2022-05-31
03122553
bus:Director3
2021-06-01
2022-05-31
03122553
core:PlantMachinery
2021-05-31
03122553
core:FurnitureFittingsToolsEquipment
2021-05-31
03122553
core:MotorVehicles
2021-05-31
03122553
core:PlantMachinery
2022-05-31
03122553
core:FurnitureFittingsToolsEquipment
2022-05-31
03122553
core:MotorVehicles
2022-05-31
03122553
core:AfterOneYear
2022-05-31
03122553
core:AfterOneYear
2021-05-31
03122553
core:WithinOneYear
2022-05-31
03122553
core:WithinOneYear
2021-05-31
03122553
core:ShareCapital
2022-05-31
03122553
core:ShareCapital
2021-05-31
03122553
core:SharePremium
2022-05-31
03122553
core:SharePremium
2021-05-31
03122553
core:CapitalRedemptionReserve
2022-05-31
03122553
core:CapitalRedemptionReserve
2021-05-31
03122553
core:RetainedEarningsAccumulatedLosses
2022-05-31
03122553
core:RetainedEarningsAccumulatedLosses
2021-05-31
03122553
core:BetweenOneFiveYears
2022-05-31
03122553
core:BetweenOneFiveYears
2021-05-31
03122553
core:PlantMachinery
2021-05-31
03122553
core:FurnitureFittingsToolsEquipment
2021-05-31
03122553
core:MotorVehicles
2021-05-31
03122553
bus:Director1
2021-05-31
03122553
bus:Director1
2022-05-31
03122553
bus:Director2
2021-05-31
03122553
bus:Director2
2022-05-31
03122553
bus:Director3
2021-05-31
03122553
bus:Director3
2022-05-31
03122553
bus:Director1
2020-05-31
03122553
bus:Director1
2021-05-31
03122553
bus:Director2
2020-05-31
03122553
bus:Director2
2021-05-31
03122553
bus:Director3
2020-05-31
03122553
bus:Director3
2021-05-31
03122553
bus:Director1
2020-06-01
2021-05-31
03122553
bus:Director2
2020-06-01
2021-05-31
03122553
bus:Director3
2020-06-01
2021-05-31
03122553
bus:SmallEntities
2021-06-01
2022-05-31
03122553
bus:AuditExemptWithAccountantsReport
2021-06-01
2022-05-31
03122553
bus:FullAccounts
2021-06-01
2022-05-31
03122553
bus:SmallCompaniesRegimeForAccounts
2021-06-01
2022-05-31
03122553
bus:PrivateLimitedCompanyLtd
2021-06-01
2022-05-31
03122553
core:ComputerEquipment
2021-06-01
2022-05-31
03122553
core:ComputerEquipment
2021-05-31
03122553
core:ComputerEquipment
2022-05-31
Company registration number:
03122553
Beech Developments (NW) Limited
Unaudited filleted financial statements
31 May 2022
Beech Developments (NW) Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Beech Developments (NW) Limited
Directors and other information
|
|
|
|
|
Directors
|
Mr M Gilmartin
|
(Resigned 17 September 2022)
|
|
|
Mr M Roberts
|
|
|
|
Mr J Gardiner
|
|
|
|
|
|
|
|
|
|
|
Company number
|
03122553
|
|
|
|
|
|
|
|
|
|
|
Registered office
|
Anson House
|
|
|
|
1 Cae'r Llynen
|
|
|
|
Llandudno Junction
|
|
|
|
Conwy
|
|
|
|
LL31 9LS
|
|
|
|
LL31 9LS
|
|
|
|
|
|
|
|
|
|
|
Accountants
|
JT Thomas & Co
|
|
|
|
Anson House
|
|
|
|
1 Cae'r Llynen
|
|
|
|
Llandudno Junction
|
|
|
|
Conwy
|
|
|
|
LL31 9LS
|
|
|
|
|
|
Beech Developments (NW) Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Beech Developments (NW) Limited
Year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beech Developments (NW) Limited for the year ended 31 May 2022 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Beech Developments (NW) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Beech Developments (NW) Limited and state those matters that we have agreed to state to the board of directors of Beech Developments (NW) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beech Developments (NW) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Beech Developments (NW) Limited 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 Beech Developments (NW) Limited. You consider that Beech Developments (NW) Limited 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 Beech Developments (NW) Limited. 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.
JT Thomas & Co
Chartered Accountants
Anson House
1 Cae'r Llynen
Llandudno Junction
Conwy
LL31 9LS
13 January 2023
Beech Developments (NW) Limited
Statement of financial position
31 May 2022
|
|
|
2022
|
|
|
|
2021
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
6
|
121,002
|
|
|
|
108,712
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
121,002
|
|
|
|
108,712
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Stocks
|
|
|
1,846,969
|
|
|
|
1,990,586
|
|
|
Debtors
|
|
7
|
3,801,276
|
|
|
|
2,492,463
|
|
|
Cash at bank and in hand
|
|
|
3,069
|
|
|
|
452,410
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
5,651,314
|
|
|
|
4,935,459
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
8
|
(
4,890,654)
|
|
|
|
(
4,462,698)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets
|
|
|
|
|
760,660
|
|
|
|
472,761
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
881,662
|
|
|
|
581,473
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
9
|
|
|
(
315,858)
|
|
|
|
(
288,329)
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities
|
|
|
|
|
(
22,991)
|
|
|
|
(
11,979)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
542,813
|
|
|
|
281,165
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
32,500
|
|
|
|
32,500
|
Share premium account
|
|
|
|
|
34,500
|
|
|
|
34,500
|
Capital redemption reserve
|
|
|
|
|
118,680
|
|
|
|
118,680
|
Profit and loss account
|
|
|
|
|
357,133
|
|
|
|
95,485
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
542,813
|
|
|
|
281,165
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 January 2023
, and are signed on behalf of the board by:
Mr M Roberts
Director
Company registration number:
03122553
Beech Developments (NW) Limited
Notes to the financial statements
Year ended 31 May 2022
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Anson House, 1 Cae'r Llynen, Llandudno Junction, Conwy, LL31 9LS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery
|
-
|
20 %
|
straight line
|
|
Fittings fixtures and equipment
|
-
|
20 %
|
straight line
|
|
Motor vehicles
|
-
|
25 %
|
straight line
|
|
Computer equipment
|
-
|
20 %
|
straight line
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
29
(2021:
26
).
5.
Directors remuneration
The directors aggregate remuneration in respect of qualifying services was:
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Remuneration
|
|
136,355
|
113,147
|
|
|
|
_______
|
_______
|
|
|
|
|
|
The number of directors who accrued benefits under company pension plans was as follows:
|
|
|
2022
|
2021
|
|
|
|
Number
|
Number
|
|
Defined contribution plans
|
|
3
|
3
|
|
|
|
_______
|
_______
|
|
|
|
|
|
6.
Tangible assets
|
|
Plant and machinery
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Computer equipment
|
Total
|
|
|
|
|
£
|
£
|
£
|
£
|
£
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 June 2021
|
88,200
|
83,950
|
117,217
|
69,314
|
358,681
|
|
|
|
Additions
|
-
|
-
|
139,347
|
-
|
139,347
|
|
|
|
Disposals
|
(
12,545)
|
-
|
(
65,601)
|
-
|
(
78,146)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
At 31 May 2022
|
75,655
|
83,950
|
190,963
|
69,314
|
419,882
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 June 2021
|
77,250
|
58,319
|
55,426
|
58,973
|
249,968
|
|
|
|
Charge for the year
|
1,083
|
16,679
|
41,726
|
3,958
|
63,446
|
|
|
|
Disposals
|
(
4,807)
|
-
|
(
9,727)
|
-
|
(
14,534)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
At 31 May 2022
|
73,526
|
74,998
|
87,425
|
62,931
|
298,880
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 May 2022
|
2,129
|
8,952
|
103,538
|
6,383
|
121,002
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
At 31 May 2021
|
10,950
|
25,631
|
61,791
|
10,341
|
108,713
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
339,495
|
106,464
|
|
Amounts owed by group undertakings
|
|
2,601,967
|
2,006,795
|
|
Other debtors
|
|
859,814
|
379,204
|
|
|
|
_______
|
_______
|
|
|
|
3,801,276
|
2,492,463
|
|
|
|
_______
|
_______
|
|
|
|
|
|
The debtors above include the following amounts falling due after more than one year:
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Other debtors
|
|
-
|
16,350
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
3,578,820
|
2,815,079
|
|
Corporation tax
|
|
111,774
|
243,729
|
|
Social security and other taxes
|
|
268,751
|
475,793
|
|
Other creditors
|
|
931,309
|
928,097
|
|
|
|
_______
|
_______
|
|
|
|
4,890,654
|
4,462,698
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Other loans, within other creditors, includes one (2021: one) loan amounting to £50,000 (2021: £133, 333) which is unsecured, repayable within 12 months and interest bearing.
Net obligations under finance leases and hire purchase contracts are secured by the assets to which they relate.
9.
Creditors: amounts falling due after more than one year
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Other loans
|
|
208,183
|
231,894
|
|
Other creditors
|
|
107,675
|
56,435
|
|
|
|
_______
|
_______
|
|
|
|
315,858
|
288,329
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Net obligations under finance leases and hire purchase contracts are secured by the assets to which they relate.
10.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Within one year |
12,000
|
12,000
|
Between one and five years |
35,000
|
47,000
|
|
_______ |
_______ |
|
47,000
|
59,000
|
|
_______ |
_______ |
|
|
|
The company as lessor
The total future minimum lease payments receivable under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Within one year |
41,323
|
41,323
|
Between one and five years |
149,151
|
67,347
|
|
_______ |
_______ |
|
190,474
|
108,670
|
|
_______ |
_______ |
|
|
|
11.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Amounts repaid
|
Balance o/standing
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
Mr M Gilmartin
|
(
85,091)
|
81,065
|
(
54,424)
|
(
58,450)
|
|
|
|
Mr M Roberts
|
(
81,760)
|
36,523
|
(
44,599)
|
(
89,836)
|
|
|
|
Mr J Gardiner
|
(
2,784)
|
-
|
(
12,250)
|
(
15,034)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
(
169,635)
|
117,588
|
(
111,273)
|
(
163,320)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
2021
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the directors
|
Amounts repaid
|
Balance o/standing
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
Mr M Gilmartin
|
(
205,020)
|
175,641
|
(
55,712)
|
(
85,091)
|
|
|
|
Mr M Roberts
|
(
185,439)
|
133,818
|
(
30,139)
|
(
81,760)
|
|
|
|
Mr J Gardiner
|
(
72,256)
|
78,053
|
(
8,581)
|
(
2,784)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
(
462,715)
|
387,512
|
(
94,432)
|
(
169,635)
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
12.
Controlling party
The ultimate parent company is CMMCO Holdings Limited. The ultimate controlling parties are considered to be the directors of CMMCO Holdings Limited, by virtue of their shareholdings in the company. Consolidated accounts are not prepared by the Group headed by CMMCO Holdings Limited as the Group qualifies as small under SI2015/980 and as such the exemption has been taken from the requirement to prepare Group accounts.
13.
Related party transactions
During the year, the company has traded with Beech Development (Pinewood) Limited, a related paty by way of common ownership. Sales were made of £3,751,566 (2021: £6,451,626). At 31 May 2022, the company is owed £nil (2021: £nil).
During the year, the company has traded with Beech Developments (Deganwy) Limited, a related paty by way of common ownership. Sales were made of £8,657,321 (2021: £4,265,686). At 31 May 2022, the company owed £107,485 (2021: £nil) which is included in amounts owed to related parties within other creditors.
During the year, the company has traded with Llys Marl Developments Limited, a related paty by way of common ownership. Sales were made of £nil (2021: £1,514.499). At 31 May 2022, the company owed £nil(2021: £nil).
Included in amounts owed to related parties within other creditors is a balance of £124,433 (2021: £124,433) owed to CMM Properties Limited, a related party by way of common ownership.
During the year rent of £96,000 (2021: 96,000) was payable to the self administered pension scheme in respect of the land and buildings rented by the company from the pension scheme.