Registered number
04555432
Beech Precision Engineering Ltd
Abbreviated Accounts
31 October 2013
Beech Precision Engineering Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Beech Precision Engineering Ltd for the year ended 31 October 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Beech Precision Engineering Ltd for the year ended 31 October 2013 which comprise of the 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Cloudco (UK) Ltd
Chartered Accountants
Brick House
150A Station Road
Woburn Sands
MK17 8SG
11 July 2014
Beech Precision Engineering Ltd
Registered number: 04555432
Abbreviated Balance Sheet
as at 31 October 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 53,253 18,624
Current assets
Stocks 500 500
Debtors 31,491 44,332
Cash at bank and in hand 83,509 49,366
115,500 94,198
Creditors: amounts falling due within one year (97,664) (95,373)
Net current assets/(liabilities) 17,836 (1,175)
Total assets less current liabilities 71,089 17,449
Creditors: amounts falling due after more than one year (19,488) (3,716)
Net assets 51,601 13,733
Capital and reserves
Called up share capital 4 10 2
Profit and loss account 51,591 13,731
Shareholders' funds 51,601 13,733
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
S Birch
Director
Approved by the board on 11 July 2014
Beech Precision Engineering Ltd
Notes to the Abbreviated Accounts
for the year ended 31 October 2013
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 November 2012 34,448
At 31 October 2013 34,448
Amortisation
At 1 November 2012 34,448
At 31 October 2013 34,448
Net book value
At 31 October 2013 -
3 Tangible fixed assets £
Cost
At 1 November 2012 105,480
Additions 47,741
Disposals (8,995)
At 31 October 2013 144,226
Depreciation
At 1 November 2012 86,856
Charge for the year 11,467
On disposals (7,350)
At 31 October 2013 90,973
Net book value
At 31 October 2013 53,253
At 31 October 2012 18,624
4 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 9 9 2
A Ordinary shares £1 each 1 1 -
10 2
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each 7 7
A Ordinary shares £1 each 1 1
8
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