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Registered number: 09862002

Belmont Lacey Ltd

ACCOUNTS
FOR THE YEAR ENDED 29/11/2021

Prepared By:
Altomar Accountancy Ltd
192-194
Alder Road
Bournemouth
BH12 4AX

Belmont Lacey Ltd

ACCOUNTS
FOR THE YEAR ENDED 29/11/2021
DIRECTORS
T J Costello
S Costello
REGISTERED OFFICE
10 Partridge Drive
Poole
Dorset
BH14 8HJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09862002
ACCOUNTANTS
Altomar Accountancy Ltd
192-194
Alder Road
Bournemouth
BH12 4AX

Belmont Lacey Ltd

ACCOUNTS
FOR THEYEARENDED29/11/2021
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Belmont Lacey Ltd

BALANCE SHEET AT 29/11/2021
20212020
Notes££
FIXED ASSETS
Tangible assets35,8727,463
CURRENT ASSETS
Stock470,944442,526
Debtors51,228-
Cash at bank and in hand24,16557,322
496,337499,848
CREDITORS: Amounts falling due within one year6107,170105,176
NET CURRENT ASSETS389,167394,672
TOTAL ASSETS LESS CURRENT LIABILITIES395,039402,135
CREDITORS: Amounts falling due after more than one year7388,783396,115
NET ASSETS6,2566,020
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account6,1565,920
SHAREHOLDERS' FUNDS6,2566,020
For the year ending 29/11/2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/09/2022 and signed on their behalf by
.............................
T J Costello
Director

Belmont Lacey Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29/11/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 1/3%
Commercial Vehiclesreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20212020
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 30/11/20204,81111,90016,711
At 29/11/20214,81111,90016,711
Depreciation
At 30/11/20204,4884,7609,248
For the year1611,4301,591
At 29/11/20214,6496,19010,839
Net Book Amounts
At 29/11/20211625,7105,872
At 29/11/20203237,1407,463
4. STOCK 20212020
££
Stock comprises:
Stock470,944442,526
470,944442,526

Belmont Lacey Ltd

5. DEBTORS 20212020
££
Amounts falling due within one year
Prepayments1,228-
1,228-
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
Directors current account40,42043,273
Bank Loan5,000-
Trade creditors-153
Other creditors61,00061,000
Accruals750750
107,170105,176
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20212020
££
Bank loans (secured) >1yr346,115346,115
Loans >1yr42,66850,000
388,783396,115
8. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
100 Class 1 shares of £1.00 each100100
100100