REGISTERED NUMBER:
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THE BEAL GROUP LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 APRIL 2016 |
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REGISTERED NUMBER:
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THE BEAL GROUP LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 APRIL 2016 |
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THE BEAL GROUP LIMITED (REGISTERED NUMBER: SC308635) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 6 |
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Chartered Accountants' Report | 7 |
THE BEAL GROUP LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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THE BEAL GROUP LIMITED (REGISTERED NUMBER: SC308635) |
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ABBREVIATED BALANCE SHEET |
30 APRIL 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
THE BEAL GROUP LIMITED (REGISTERED NUMBER: SC308635) |
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ABBREVIATED BALANCE SHEET - continued |
30 APRIL 2016 |
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The financial statements were approved by the Board of Directors on
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THE BEAL GROUP LIMITED (REGISTERED NUMBER: SC308635) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Preparation of consolidated financial statements |
The financial statements contain information about The Beal Group Limited as an individual company and do |
not contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. Consideration is given to the point |
at which income is recognised. |
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Tangible fixed assets |
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Freehold property | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Deferred tax assets on unused trading losses carried forward are recognised only where there is a reasonable |
expectation that they will be realised within the foreseeable future. |
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Investments |
Fixed asset investments are shown at cost less provision for impairment. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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THE BEAL GROUP LIMITED (REGISTERED NUMBER: SC308635) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 APRIL 2016 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
At 1 May 2015 |
and 30 April 2016 | 3,481,951 |
NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 1,253,629 | 1,253,629 |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | (348,558 | ) | (180,031 | ) |
Loss for the year | (168,527 | ) | (128,552 | ) |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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THE BEAL GROUP LIMITED (REGISTERED NUMBER: SC308635) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 APRIL 2016 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the year dividends of £144,000 (2015 - £50,000) were paid to Mr David Beal, a director of the company. |
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During the year the company benefitted from an interest free loan from a director, Mr David Beal. The balance |
due by the company at 30th April 2016 was £132,498 (2015 - £56,498). |
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During the year the company benefitted from an interest free loan from a director, Mr G Thom. The balance due |
by the company at 30th April 2016 was £ nil (2015 - £5,925). |
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7. | CROSS GUARANTEE |
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A cross guarantee has been given across the Beal Group Limited, Tony Beal Limited and Sport & Play |
(Scotland) Limited for bank loans and overdrafts and is supported by a floating charge over the assets of all the |
group companies. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
THE BEAL GROUP LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of The Beal Group Limited for the year ended 30 April 2016 which comprise the Profit and Loss |
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the Board of Directors of The Beal Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Beal Group Limited and state those matters that we have agreed to state to the Board of Directors of The Beal Group Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that The Beal Group 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 The Beal Group Limited. You consider that The Beal Group Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of The Beal Group 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. |
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Chartered Accountants |
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16 January 2017 |