REGISTERED NUMBER: |
A.E. BECKETT & SONS (DEVELOPMENTS) |
LIMITED |
Financial Statements for the Year Ended 31 December 2022 |
REGISTERED NUMBER: |
A.E. BECKETT & SONS (DEVELOPMENTS) |
LIMITED |
Financial Statements for the Year Ended 31 December 2022 |
A.E. BECKETT & SONS (DEVELOPMENTS) |
LIMITED (REGISTERED NUMBER: 01145746) |
Contents of the Financial Statements |
for the year ended 31 December 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 | to | 5 |
A.E. BECKETT & SONS (DEVELOPMENTS) |
LIMITED |
Company Information |
for the year ended 31 December 2022 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Auditors: |
5-6 Greenfield Crescent |
Edgbaston |
Birmingham |
West Midlands |
B15 3BE |
A.E. BECKETT & SONS (DEVELOPMENTS) |
LIMITED (REGISTERED NUMBER: 01145746) |
Statement of Financial Position |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 8 |
Retained earnings |
Shareholders' funds |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
A.E. BECKETT & SONS (DEVELOPMENTS) |
LIMITED (REGISTERED NUMBER: 01145746) |
Notes to the Financial Statements |
for the year ended 31 December 2022 |
1. | Statutory information |
A.E. Beckett & Sons (Developments) Limited is a |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The company's directors believe that the financial statements of the company should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the companies' needs. The directors have considered a period of twelve months from the date of approval of the financial statements. They believe that no further disclosures relating to the ability of the company to continue as going concerns need to be made in the financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Fixed assets |
Freehold property | - |
Improvements to property | - |
All fixed assets are initially recorded at 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 statement of financial position date. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Debtors and creditors receivable/ payable in one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
A.E. BECKETT & SONS (DEVELOPMENTS) |
LIMITED (REGISTERED NUMBER: 01145746) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2022 |
3. | Accounting policies - continued |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
4. | Employees and directors |
The average number of employees during the year was |
5. | Tangible fixed assets |
Freehold | Improvements |
property | to property | Totals |
£ | £ | £ |
Cost |
At 1 January 2022 |
and 31 December 2022 |
Depreciation |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 December 2021 |
6. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
7. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Taxation and social security |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | 1 | 1,000 | 1,000 |
A.E. BECKETT & SONS (DEVELOPMENTS) |
LIMITED (REGISTERED NUMBER: 01145746) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2022 |
9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was qualified on the following basis: |
Basis for qualified opinion |
The company does not classify any of its freehold property as investment property. It continues to treat all property as "Property, Plant and Equipment" and to recognise in the Balance Sheet at depreciated historical cost. This policy is not in accordance with Financial Reporting Standard 102 ("FRS102") which defines Investment Property as property (land or a building, or part of a building, or both) held by the owner, or by the lessee under a finance lease, to earn rentals or for capital appreciation or both. FRS102 requires that investment property is carried at its fair value (being the properties' market value) at each Balance Sheet date, with any gains or losses being recognised in profit and loss for the year. |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.Our | responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements | section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of | the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in | accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a | basis for our qualified opinion. |
for and on behalf of |
10. | Related party disclosures |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned entities within the group. |
11. | Ultimate controlling party |
The company was under the control of Mr S Beckett throughout the current and previous year by virtue of his controlling interest in the ultimate parent company, A E Beckett & Sons Limited. |