Company Registration No. 10637337 (England and Wales)
Beam Up Ltd
Unaudited accounts
for the year ended 28 February 2019
Beam Up Ltd
Unaudited accounts
Contents
Beam Up Ltd
Company Information
for the year ended 28 February 2019
Director
Alexander Stephany
Company Number
10637337 (England and Wales)
Registered Office
Runway East Moorgate
10 Finsbury Square
London
EC2A 1AF
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Beam Up Ltd
Statement of financial position
as at
28 February 2019
Intangible assets
13,699
1,223
Tangible assets
7,258
4,862
Cash at bank and in hand
158,618
46,814
Creditors: amounts falling due within one year
(26,372)
(49,717)
Net current assets
138,767
4,531
Total assets less current liabilities
159,724
10,616
Creditors: amounts falling due after more than one year
(333,137)
-
Net (liabilities)/assets
(173,413)
10,616
Called up share capital
1
1
Profit and loss account
(173,414)
10,615
Shareholders' funds
(173,413)
10,616
For the year ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 May 2019.
Alexander Stephany
Director
Company Registration No. 10637337
Beam Up Ltd
Notes to the Accounts
for the year ended 28 February 2019
Beam Up Ltd is a private company, limited by shares, registered in England and Wales, registration number 10637337. The registered office is Runway East Moorgate, 10 Finsbury Square, London, EC2A 1AF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line over 5 years
Computer equipment
Reducing balance over 5 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided at the following rates in order to write off the intangible assets over their estimated useful lives:
Domain names - Straight line over 5 years
Trademarks - Straight line over 5 years
Government grants relating to tangible fixed assets are credited to the profit and loss account over the useful economic lives of the related assets. Grants relating to other expenditure are credited to the profit and loss account in the period the related expenditure is recognised.
Expenditure on research and development is written off in the year in which it is incurred.
Beam Up Ltd
Notes to the Accounts
for the year ended 28 February 2019
4
Intangible fixed assets
Other
At 28 February 2019
15,422
Charge for the year
1,659
At 28 February 2019
1,723
At 28 February 2019
13,699
At 28 February 2018
1,223
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2018
769
4,393
5,162
Additions
437
3,456
3,893
At 28 February 2019
1,206
7,849
9,055
At 1 March 2018
20
280
300
Charge for the year
197
1,300
1,497
At 28 February 2019
217
1,580
1,797
At 28 February 2019
989
6,269
7,258
At 28 February 2018
749
4,113
4,862
Accrued income and prepayments
911
64
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
-
1,704
Other creditors
3,061
21,032
Loans from directors
23,311
16,981
Beam Up Ltd
Notes to the Accounts
for the year ended 28 February 2019
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
333,137
-
9
Average number of employees
During the year the average number of employees was 5 (2018: 4).