REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Period 28 February 2019 to 30 June 2020 |
|
for |
|
BEACONS TELECOM LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Period 28 February 2019 to 30 June 2020 |
|
for |
|
BEACONS TELECOM LTD |
BEACONS TELECOM LTD (REGISTERED NUMBER: 11852405) |
|
Contents of the Financial Statements |
FOR THE PERIOD 28 FEBRUARY 2019 TO 30 JUNE 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
BEACONS TELECOM LTD |
|
Company Information |
FOR THE PERIOD 28 FEBRUARY 2019 TO 30 JUNE 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
6 - 8 Bath Street |
Bristol |
BS1 6HL |
BEACONS TELECOM LTD (REGISTERED NUMBER: 11852405) |
|
Balance Sheet |
30 JUNE 2020 |
|
Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
CURRENT ASSETS |
Stocks |
|
Debtors | 5 |
|
Cash at bank |
|
|
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
) |
NET LIABILITIES | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
|
|
|
|
|
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. |
BEACONS TELECOM LTD (REGISTERED NUMBER: 11852405) |
|
Balance Sheet - continued |
30 JUNE 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
|
The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
BEACONS TELECOM LTD (REGISTERED NUMBER: 11852405) |
|
Notes to the Financial Statements |
FOR THE PERIOD 28 FEBRUARY 2019 TO 30 JUNE 2020 |
|
|
1. | COMPANY INFORMATION |
|
Beacons Telecom Ltd is a
|
|
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" ("FRS 102") and the requirements of the Companies Act 2006. |
|
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
|
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. |
|
Going concern |
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite the adverse effects COVID-19 is having on both the company and the economy as a whole the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. |
|
Tangible fixed assets |
|
Computer equipment | - |
|
|
Government grants |
The government grants for expenses incurred are recognised in profit and loss on a systematic basis in the |
period which the expenses are recognised. |
|
Stocks |
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. |
|
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. |
|
Cash and cash equivalents |
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
BEACONS TELECOM LTD (REGISTERED NUMBER: 11852405) |
|
Notes to the Financial Statements - continued |
FOR THE PERIOD 28 FEBRUARY 2019 TO 30 JUNE 2020 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
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. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
|
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. |
|
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire. |
|
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
|
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 period was
|
BEACONS TELECOM LTD (REGISTERED NUMBER: 11852405) |
|
Notes to the Financial Statements - continued |
FOR THE PERIOD 28 FEBRUARY 2019 TO 30 JUNE 2020 |
|
|
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
|
At 30 June 2020 |
|
DEPRECIATION |
Charge for period |
|
At 30 June 2020 |
|
NET BOOK VALUE |
At 30 June 2020 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
|
VAT |
|
Prepayments and accrued income |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
|
Trade creditors |
|
Social security and other taxes |
|
Other creditors |
|
Accruals and deferred income |
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Bank loans - 1-2 years |
|
Bank loans - 2-5 years |
|
Bank loans more 5 yr by instal |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | 8,333 |
BEACONS TELECOM LTD (REGISTERED NUMBER: 11852405) |
|
Notes to the Financial Statements - continued |
FOR THE PERIOD 28 FEBRUARY 2019 TO 30 JUNE 2020 |
|
|
8. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
|
Ordinary | £1.00 | 100 |
|
9. | RELATED PARTY DISCLOSURES |
|
T A Mosedale is also a director of Hen Beudy Services Limited. During the period the company advanced a loan of £35,156 to Hen Beudy Services Limited. At the period end Hen Beudy Services Limited owed the company £35,156. The loan is unsecured, interest free and is repayable on demand. |
|
T A Mosedale is also a director of RC Fibre Limited. During the period the company advanced a loan of £60,736 to RC Fibre Limited. At the period end RC Fibre owed the company £60,736. The loan is unsecured, interest free and is repayable on demand. |
|
During the period Vakoms LLP advanced a loan of £137,771 to the company. The loan is unsecured, interest free and repayable on demand. |