UNITED STATES SECURITIES AND EXCHANGE COMMISSION

FORM 10-QSB

(Mark One) 

X QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT  OF 1934 For the quarterly period ended September 30, 2004

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from to   Commission file number 333-103621

BEESTON ENTERPRISES LTD.

| NEVADA
88-04360717
(State or other jurisdiction of incorporation or    organization)
(IRS Employer Identification No.)
#200  1687 West Broadway

Vancouver, British Columbia

Canada, V6J 1X2

(Address of principal executive offices)

 

(604) 738-1143

(Issuers telephone number) 

(Former name, former address and former fiscal year, ifchanged since last report)

Check whether the issuer (1) filed all reports required to befiled by Section 13 or 15(d) of the Exchange Act during the past 12 months (orfor such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes X No  
**APPLICABLE ONLY TO CORPORATE ISSUERS**
As of September 30, 2004, the Company had 5,075,000 issuedand outstanding shares of its common stock.

Transitional Small Business Disclosure Format (Check one):Yes  No X

 
**PART I  FINANCIAL INFORMATION****Item 1. Financial Statements. 

 

 

BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

CONDENSED FINANCIALSTATEMENTS

SEPTEMBER 30, 2004 AND2003**** 

 

 

 

 

 

 

 

 

 

BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

INDEX TO CONDENSEDFINANCIAL STATEMENTS

(UNAUDITED)

 

 **
Condensed Balance Sheet as of September 30, 2004 

Condensed Statements of Operations for the Nine and Three Months Ended

September 30, 2004 and 2003 with Cumulative Totals Since Inception 

Condensed Statements of Cash Flows for the Nine Months 

Ended September 30, 2004 and 2003 with Cumulative Totals Since Inception 
**Notes to Condensed Financial Statements 

 

BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

CONDENSED BALANCESHEET

SEPTMEBER 30, 2004 (UNAUDITED)****ASSETS**    Current Assets           Cash and cash equivalents     $ 2,176            Note receivable      23,130         Deposits and other current assets      779                Total Current Assets      26,085         Equipment, net      2,320         **TOTAL ASSETS**     $ 28,405    **LIABILITIES AND STOCKHOLDERS' (DEFICIT)****LIABILITIES**       Current Liabilities           Accounts payable and accrued expenses     $ 4,350            Loans payable - stockholders      49,288                  Total Current Liabilities      53,638     **Total Liabilities**      53,638     **STOCKHOLDERS' (DEFICIT)**       Common stock, par value $.001, 100,000,000 shares authorized and       5,075,000 shares issued and outstanding      5,075     Additional paid-in capital      30,375     Deficit accumulated during the development stage      (60,683)    **Total Stockholders' (Deficit)**      (25,233)    **TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)**     $ 28,405    * 

 

 *
The accompanying notes are an integral part of the condensedfinancial statements.
**BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

CONDENSED STATEMENTSOF OPERATIONS

FOR THE NINE AND THREEMONTHS ENDED SEPTMEBER 30, 2004 AND 2003 (UNAUDITED)

 

(WITH CUMULATIVETOTALS SINCE INCEPTION)**  **NINE MONTHS ENDED **THREE MONTHS ENDED**Cumulative Totals  **SEPTEMBER 30, **SEPTEMBER 30,**July 12, 1999  **2004 **2003 **2004 **2003**to September 30, 2004                    **INCOME**$ -  $ -  $ -  
$ - $ -           **OPERATING EXPENSES**         
     Administrative expenses21,153  22,471  9,346  5,574 62,906  
     Depreciation571  556  191  190 1,486  
**                             Total Operating Expenses**21,724  23,027  9,537  5,764 64,392           **OTHER INCOME**                   
Interest, net1,656  1,512  583  512 
3,709            
**                                T otal other income**1,656  1,512  583  512 
3,709           **NET LOSS APPLICABLE TO COMMON SHARES**$ (20,068) $ (21,515) $ (8,954) $ (5,252)$ (60,683)          **NET LOSS PER BASIC AND DILUTED SHARES**$ (0.0040) $ (0.0042) $ (0.0018) $ (0.0010)           **WEIGHTED AVERAGE NUMBER OF COMMON**        **SHARES OUTSTANDING**
5,075,000 
5,075,000 
5,075,000 
5,075,000 
 

 

The accompanying notes are an integral part of the condensedfinancial statements.
** 

 

BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

CONDENSES STATEMENTSOF CASH FLOWS

FOR THE NINE MONTHSENDED SEPTEMBER 30, 2004 AND 2003

(WITH CUMULATIVETOTALS SINCE INCEPTION)**      **Cumulative Totals      **July 12, 1999  **2004 **2003 **to September 30, 2004       **CASH FLOWS FROM OPERATING ACTIVITIES**      Net loss 
$                (20,068) 
$               (21,515) 
$                                    (60,683)Adjustments to reconcile net loss to net cash      (used in) operating activities             Depreciation 
571  
556  
1,486        **Changes in assets and liabilities**      (Increase) decrease in deposits and other current assets 
263  
1,240  
(779)Increase in accounts payable and      accrued expenses 4,350  1,175  4,350 Total adjustments 5,184  2,971  5,057        **Net cash (used in) operating activities** (14,884) (18,544) (55,626)       **CASH FLOWS FROM INVESTING ACTIVITES**      Acquisition of equipment -  (436) (3,806)(Increase) in notes receivable (1,875) (501) (23,130)       **Net cash (used in) investing activities** (1,875) (937) (26,936)       **CASH FLOWS FROM FINANCING ACTIVITES**      Sale of common stock 
-  -  35,450 Increase in loans payable 18,451  1,000  49,288        **Net cash provided by financing activities** 18,451  1,000  84,738        **NET INCREASE (DECREASE) IN**      **CASH AND CASH EQUIVALENTS** 1,692  (18,481) 2,176        **CASH AND CASH EQUIVALENTS -**      **BEGINNING OF PERIOD** 484  18,899  
-        **CASH AND CASH EQUIVALENTS - END OF PERIOD** $                   2,176        $                     418  $                                        2,176 
The accompanying notes are an integral part of the condensedfinancial statements.
**BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS

SEPTEMBER 30, 2004 AND2003 (UNAUDITED)****NOTE 1-     ORGANIZATION AND BASIS OF PRESENTATION
The condensed unaudited interim financial statements included herein        have been prepared, without audit, pursuant to the rules and regulations        of the Securities and Exchange Commission ("SEC"). The condensed        consolidated financial statements and notes are presented as permitted        on Form 10-QSB and do not contain information included in the Company's        annual statements and notes. Certain information and footnote        disclosures normally included in financial statements prepared in        accordance with accounting principles generally accepted in the United        States of America have been condensed or omitted pursuant to such rules        and regulations, although the Company believes that the disclosures are        adequate to make the information presented not misleading. It is        suggested that these condensed financial statements be read in        conjunction with the December 31, 2003 audited financial statements and        the accompanying notes thereto. While management believes the procedures        followed in preparing these condensed financial statements are        reasonable, the accuracy of the amounts are in some respects dependent        upon the facts that will exist, and procedures that will be accomplished        by the Company later in the year.

These condensed unaudited financial statements reflect all        adjustments, including normal recurring adjustments which, in the        opinion of management, are necessary to present fairly the operations        and cash flows for the periods presented.

The Company was incorporated on July 12, 1999 under        the laws of the State of Nevada. The business purpose of the Company is        to provide medical diagnostic imaging services to individuals in British        Columbia and Alberta, Canada.

The Company's services will be made available to the        Provincial Medical Services Plans, insurers of automobile and workplace        accident victims, individuals covered by private insurance plans, and        individuals prepared to pay for their own medical services. Beeston        plans to begin its business with a private clinic providing medical        diagnostic imaging services that are to be selected from one of the more        specialized medical diagnostic imaging techniques of computer tomography        or magnetic resonance imaging, which Beeston will offer in a location        where demand and usage warrant. 
** 

BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS (CONTINUED)

SEPTEMBER 30, 2004 AND2003 (UNAUDITED)

NOTE 2-    SUMMARY OF SIGNIFICANTACCOUNTING POLICIES**Development Stage Company

The Company is considered to be in the development stage as defined        in Statement of Financial Accounting Standards (SFAS) No. 7, "*Accounting        and Reporting by Development Stage Enterprises.*" The Company is        devoting substantially all of its efforts to developing and initiating        its business plan.
**Use of Estimates**
The preparation of condensed financial statements in conformity with        accounting principles generally accepted in the United States of America        requires management to make estimates and assumptions that affect the        amounts reported in the condensed consolidated financial statements and        accompanying notes. Actual results could differ from those estimates.
**Cash and Cash Equivalents**
Cash and cash equivalents consists principally of currency on hand,        demand deposits at commercial banks, and liquid investment funds having        a maturity of three months or less at the time of purchase.

**Start-up Costs**
In accordance with the American Institute of Certified Public        Accountants Statement of Position 98-5, "*Reporting on the Costs of        Start-up Activities*", the Company expenses all costs incurred in        connection with the start-up and organization of the Company.
**                       Common Stock Issued For Other Than Cash
Services purchased and other transactions settled in        the Company's common stock are recorded at the estimated fair value of        the stock issued if that value is more readily determinable than the        fair value of the consideration received.
**                       Property and Equipment
The cost of office computer equipment is capitalized and depreciated        over its useful life using the straight-line method of depreciation. For        all equipment presently owned, the useful life being utilized is 60        months. Repairs that substantially extend the life of the assets are        capitalized, and those repairs that do not, are charged to operations.        Depreciation expense for the nine months ended September 30, 2004 and        2003 was $571 and $556, respectively.
**BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS (CONTINUED)

SEPTEMBER 30, 2004 AND2003 (UNAUDITED)

NOTE 2-     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(CONTINUED)**Net (Loss) Per Share of Common Stock**
The following table sets forth the computation of basic and diluted        earnings per

share:
      
NINE MONTHS ENDED      
SEPTEMBER 30,
2004
2003                           Net loss   
$(20,068) 
$ (21,515)                  Weighted average common shares             outstanding (Basic)  
5,075,000  
5,075,000                Options   
-  
-       Warrants   
-  
-                   Weighted average common shares             outstanding (Diluted)  
5,075,000  
5,075,000 
All dilutive securities were not included in the calculation of        dilutive earnings per share because the effect would be anti-dilutive        when the Company has incurred a loss from operations.
**Stock-Based Compensation

The Company has adopted the disclosure provisions of Statement of        Financial Accounting Standards No. 123, "*Accounting for Stock-Based        Compensation*" ("SFAS No. 123"). SFAS No. 123 permits the Company to        continue accounting for stock-based compensation as set forth in        Accounting Principles Board Opinion No. 25, "*Accounting for Stock        Issued to Employees*" ("APB Opinion No. 25"), provided the Company        discloses the pro forma effect on net income and earnings per share of        adopting the full provisions of SFAS No. 123. Accordingly, the Company        continues to account for stock-based compensation under APB Opinion No.        25 and has provided the required pro forma disclosures.

 
**BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS (CONTINUED)

SEPTEMBER 30, 2004 AND2003 (UNAUDITED)

NOTE 2-     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
**(CONTINUED)****Recent Accounting Pronouncements**
In June 2001, the Financial Accounting Standards Board ("FASB")        issued Statement of Financial Accounting Standards No. 141, "*Business        Combinations*," which eliminated the pooling of interest method of        accounting for all business combinations initiated after June 30, 2001        and addresses the initial recognition and measurement of goodwill and        other intangible assets acquired in a business combination. The Company        adopted this accounting standard for business combinations initiated        after June 30, 2001.

The Company adopted SFAS 142, "*Goodwill and Other Intangible        Assets*," effective July 1, 2001. SFAS 142 addresses the financial        and accounting and reporting standards for the acquisition of intangible        assets outside of a business combination and for goodwill (of which the        Company has not recognized such intangible asset) and other intangible        assets subsequent to their acquisition. This accounting standard        requires that goodwill be separately disclosed from other intangible        assets in the statement of financial position, and no longer be        amortized but tested for impairment on a periodic basis. The provisions        of this accounting standard also require the completion of a        transitional impairment test within six months of adoption, with any        impairments identified treated as a cumulative effect of a change in        accounting principle.

In August 2002, the FASB issued SFAS No. 144, "*Accounting for the        Impairment or Disposal of Long-Lived Assets*," which supersedes SFAS        No. 121 and provides a single accounting model for long-lived assets to        be disposed of. The new rules significantly change what would have to be        met to classify an asset as held for sale. In addition, more        dispositions will qualify for discontinued operations treatment in the        income statement as the criteria for discontinued operation presentation        is changed to a component of the business rather than a segment of the        business. The Company is required to apply SFAS No. 144 as of October 1,        2003.

In April 2002, the FASB issued SFAS No. 145, "*Rescission of FASB        Statements No. 4, 44 and 64, Amendment of FASB Statement No. 13, and        Technical Corrections*". This statement rescinds SFAS No. 4,        Reporting Gains and Losses from Extinguishment of Debt, and an amendment        of that statement, SFAS No. 44, Accounting for Intangible Assets of        Motor Carriers, and SFAS No. 64, Extinguishments of Debt Made to Satisfy        Sinking-Fund Requirements. This statement amends SFAS No. 13, Accounting        for Leases, to eliminate inconsistencies between the required accounting        for sales-leaseback transactions and the required accounting for certain        lease modifications that have economic effects that are similar to        sales-leaseback transactions. 

 

 
**BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS (CONTINUED)

SEPTEMBER 30, 2004 AND2003 (UNAUDITED)

NOTE 2-    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
**(CONTINUED)****Recent Accounting Pronouncements (Continued)

Also, this statement amends other existing authoritative        pronouncements to make various technical corrections, clarify meanings,        or describe their applicability under changed conditions. Provisions of        SFAS No. 145 related to the rescissions of SFAS No. 4 were effective for        the Company on November 1, 2002 and provisions affecting SFAS No. 13        were effective for transactions occurring after May 15, 2002. The        adoption of SFAS No. 145 did not have a significant impact on the        Company's results of operations or financial position.

In June 2002, the FASB issued SFAS No. 146, "*Accounting for Costs        Associated with Exit or Disposal Activities*". The statement        addresses financial accounting and reporting for costs associated with        exit or disposal activities and requires that a liability for a cost        associated with an exit or disposal activity be recognized at fair value        when the liability is incurred, rather than at the date of an entity's        commitment to an exit plan. The provisions of SFAS No. 146 are effective        for exit or disposal activities that are initiated after December 31,        2002, with early application encouraged. The adoption of SFAS No. 146        did not have a significant impact on the Company's results of operations        or financial position.

In December 2002, the FASB issued Statement No. 148, "*Accounting        for Stock-Based Compensation-Transition and Disclosure, an amendment of        FASB Statement No. 123*"("SFAS 148"). SFAS 148 amends FASB Statement        No. 123, "*Accounting for Stock-Based Compensation*," to provide        alternative methods of transition for an entity that voluntarily changes        to the fair value based method of accounting for stock-based employee        compensation. It also amends the disclosure provisions of that Statement        to require prominent disclosure about the effects on reported net income        of an entity's accounting policy decisions with respect to stock-based        employee compensation. Finally, this Statement amends Accounting        Principles Board ("APB") Opinion No. 28, "*Interim Financial Reporting*",        to require disclosure about those effects in interim financial        information. SFAS 148 is effective for financial statements for fiscal        years ending after December 15, 2002. The Company will continue to        account for stock-based employee compensation using the intrinsic value        method of APB Opinion No. 25, "*Accounting for Stock Issued to        Employees*," but has adopted the enhanced disclosure requirements of        SFAS 148.
**BEESTON ENTERPRISES,LTD.

(A DEVELOPMENT STAGECOMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS (CONTINUED)

SEPTEMBER 30, 2004 AND2003 (UNAUDITED)

NOTE 3-**   PROVISION FOR INCOME TAXES**
The Company accounts for income taxes using the liability method. 

At September 30, 2004 and 2003 deferred tax assets consist of the        following:

2004
2003Net operating loss carryforwards
18,205 
9,737 Less: valuation allowance
(18,205)
(9,737)Net deferred tax assets
- 
- 
Net operating losses totaling approximately $60,683 are currently        available and begin to expire in 2021. 

A valuation allowance has been provided for the entire deferred tax        asset amount until such time that the Company demonstrates the ability        to produce taxable income.
**NOTE 4 -**    NOTES RECEIVABLE**
Two investments of $10,000 each were made in December 2002. Each        investment was supported with a note bearing interest of 10% per annum.        One note matured June 30, 2003 and the other note matured September 30,        2003. Upon maturation, the Board of Directors decided to re-invest the        principal and accrued interest. The first note was rolled over on July        1, 2003 with accrued interest of $501 and given a new maturity date of        March 31, 2004. On April 1, 2004, this note was again rolled over with        additional accrued interest of $789 and given a maturity date of June        30, 2004. The second note was rolled over on October 1, 2003 with        accrued interest of $753, maturing on June 30, 2004.

On July 1, 2004 the Company rolled over both notes and $1,086 accrued        interest associated with the new note to a new maturity date of        September 30, 2004. The Company's management is satisfied that these        note holders will have the ability to submit payment upon maturity. 
** 

BEESTON ENTERPRISESLTD.

(A DEVELOPMENT STAGECOMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS (CONTINUED)

SEPTEMBER 30, 2004 AND2003 (UNAUDITED)

NOTE 5 -**STOCKHOLDERS DEFICIT****                       Common Stock
As of September 30, 2004 and 2003, the Company has        100,000,000 shares of common stock authorized and 5,075,000 issued and        outstanding.
****
The following details the stock transactions for the        Company:

On September 9, 1999 the Company sold 1,700,000        shares of its common stock at $.001 per share for $1,700. The proceeds        were used for working capital.

On December 30, 2002, the Company issued 3,375,000        shares of its common stock at $.001 per share for $33,750 cash. The net        proceeds of the sale were to be used for working capital and to develop        the medical diagnostic imaging services business.

The Company's stock has no readily determinable market price and has        been value by the Company at par value which estimates fair value.
**NOTE 6 - LOANS FROM STOCKHOLDERS
From December 2002 through September 2004, stockholders have made        advances to the Company for working capital purposes on unsecured demand        notes with no stated rate of interest. The balances at September 30,        2004 and 2003 are $49,288 and $21,037, respectively.
**NOTE 7-**GOING CONCERN**
The accompanying condensed financial statements have been prepared in        accordance with accounting principles generally accepted in the United        States of America, which contemplates continuation of the Company as a        going concern. The Company has had recurring operating deficits in the        past few years and has large accumulated deficits and is in the        development stage and has no recurring revenues. These items raise        substantial doubt about the Company's ability to continue as a going        concern. 

In view of these matters, realization of the assets of the Company is        dependent upon the Company's ability to meet its financial requirements        and the success of future operations. These condensed financial        statements do not include adjustments relating to the recoverability and        classification of recorded asset amounts and classification of        liabilities that might be necessary should the Company be unable to        continue in existence.

The Company's continued existence is dependent upon its ability to        generate sufficient cash flows from equity financing. 
**Item 2. Management's Discussion and Analysis or Plan ofOperation.**
Beeston is a development stage company with no operations, norevenue, limited financial backing and few assets. Beeston's plan of operationis to build a business providing medical diagnostic imaging services forindividuals in Western Canada. Beeston's customers would be individuals who areprepared to pay for the services they receive, as well as individual clients ofthe provincial medical insurance providers, workers' compensation boards, autoinsurance carriers and specialty insurance providers. At the present time,nearly all of these services are provided via the government administered systemin public hospitals. We believe there is an opportunity to establish privatefacilities in both British Columbia and Alberta, and it is Beeston's plan toestablish its initial facility within the first six months of our second year ofoperation.****
Beeston's plan is to market its services directly to theindividual client, who is dissatisfied with the provision of service under thecurrent government funded medical system, and to the limited number of majorinstitutional customers who make up the British Columbia and Alberta medicalservices marketplaces. The major institutional customers include automobileinsurance carriers, provincial worker's compensation boards, disabilityinsurance plans, specialty insurers, such as those who insure professionalsports teams, and the Alberta and British Columbia Medical Insurance Plans. Atthe present time all of these groups compete for scarce resources and everyoneis forced to endure long waiting times for access to medical services. 

Beeston's early development will be limited to theestablishment of a facility located in either Vancouver, British Columbia, orEdmonton, Alberta, that will offer services provided by either a CT or MRImedical diagnostic imaging technique and produced by equipment selected from aspecific group of CT and MRI scanners. We hope to have Beeston's initial medicaldiagnostic imaging facility in place and ready to receive clients withinBeeston's second year of operation. The business plan for Beeston's earlydevelopment will comprise two phases covering Beeston's first year of operationsfollowing the completion of its offering. It will involve the planning anddeveloping of Beeston's initial facility, establishing relations with potentialuser groups, securing facilities and equipment, and raising additional funds topay for the leasing of equipment, the leasing, preparing and equipping offacility space and to cover the initial operating costs of the facility.

The initial phase of the business plan is estimated to cost$39,000. The initial phase of Beeston's business plan will cover a period ofapproximately six months. The second phase of the business loan is estimated tocost $36,000. The second phase of Beeston's business plan will cover a period ofapproximately six months immediately following the initial phase of Beeston'sbusiness plan, and will likely occur sometime in 2005. Beeston currently doesnot have any funds for the leasing of equipment or facilities, or for theoperating expenses of a medical diagnostic imaging facility.

The selection of either Vancouver, British Columbia, orEdmonton, Alberta, as the location for Beeston's initial facility will alsoinvolve a review and assessment of each city for the availability of suitablepremises to lease. The determination of a location to lease for Beeston'sinitial facility will involve a number of considerations, including, the numberof rental spaces available, local zoning laws and building codes, and the siterequirements for the initial facility. The selection of the city, and with itthe determination of the availability of suitable lease spaces for Beeston'sinitial facility will require numerous reviews and assessments to be made ofexisting lease spaces by Beeston's industry consultant. 

Beeston currently rents office space at Beeston's businessaddress of #200-1687 West Broadway, Vancouver, British Columbia. These premises,comprising approximately 150 sq. ft. within an integrated office service, arerented from American Investments Ltd., an unaffiliated corporation, at a rent of$158 per month pursuant to a one-year lease, which commenced on September 1,2002, and has been renewed. Beeston has also acquired various computer andcomputer related equipment and furniture for use in performing ongoingadministrative tasks. These current facilities will be sufficient for Beeston'scurrent operations up until the time Beeston establishes its initial facility.

To date, all of Beeston's officers and directors haveprovided a total of $49,288 in funding to Beeston in the form of variousnon-interest demand loans. Beeston has no agreements with any of its officersand directors for the provision of additional funding.****
Beeston has no plans to expand outside Canada at this time.
**Item 3. Controls and Procedures.**
Within the 90-day period prior to the filing of this report, the Companycarried out an evaluation of the effectiveness of the Company's disclosurecontrols and procedures (as defined by Rule 13a-14(c) under the SecuritiesExchange Act of 1934) under the supervision and with the participation of theCompany's chief executive officer and chief financial officer. Based on and asof the date of such evaluation, the aforementioned officers have concluded thatthe Company's disclosure controls and procedures were effective.

The Company also maintains a system of internal accounting controls that isdesigned to provide assurance that assets are safeguarded and that transactionsare executed in accordance with management's authorization and properlyrecorded. This system is continually reviewed and is augmented by writtenpolicies and procedures, the careful selection and training of qualifiedpersonnel and an internal audit program to monitor its effectiveness. During thefirst quarter of fiscal year 2004, there were no significant changes to thissystem of internal controls or in other factors that could significantly affectthose controls.
**PART II  OTHER INFORMATION 

Item 6. Exhibits and Reports on Form 8-K.**
Exhibits:
Exhibit No.DocumentLocation3.1Articles of    IncorporationPreviously Filed3.2BylawsPreviously Filed31Rule    13a-41(a)/15d-14(a) CertificatesIncluded32Section 1350    CertificationsIncluded
Reports on Form 8-K

On August 5, 2004, the Company filed a Current Report on Form 8-K, Item 4,reporting a change in the Registrant's Accountant. 
**SIGNATURES**
In accordance with the requirements of the Exchange Act, theregistrant caused this report to be signed on its behalf by the undersigned,thereunto duly authorized. 
**BEESTON ENTERPRISES LTD.**
 

 

***November 9, 2004       **            /s/ Brian Smith                       ***

Date                                         BRIAN SMITH, PRESIDENT

 

 

 

***November 9, 2004       **            /s/ Cindy Watt                   ***

Date                                         CINDY WATT, SECRETARY

 

 

 

 **************************************************************** |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|