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REGISTERED NUMBER: SC160001 (Scotland)




















Belltree Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Belltree Limited (Registered number: SC160001)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Belltree Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R A Clark



REGISTERED OFFICE: 22a/4 Calton Road
Edinburgh
EH8 8DP



REGISTERED NUMBER: SC160001 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Barclays Bank plc
163 - 165 Union Street
Aberdeen
AB11 6SL



SOLICITORS: A D Stuart & Co Ltd
16 Ravelston House Park
Edinburgh
EH4 3LU

Belltree Limited (Registered number: SC160001)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,209 4,559

CURRENT ASSETS
Stocks 334,043 334,043
Debtors 5 580,423 236,520
Cash at bank and in hand 347,934 415,464
1,262,400 986,027
CREDITORS
Amounts falling due within one year 6 388,818 120,137
NET CURRENT ASSETS 873,582 865,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

880,791

870,449

PROVISIONS FOR LIABILITIES 1,802 866
NET ASSETS 878,989 869,583

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 878,889 869,483
878,989 869,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Belltree Limited (Registered number: SC160001)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2023 and were signed by:





R A Clark - Director


Belltree Limited (Registered number: SC160001)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Belltree Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents invoiced provision of consultancy services, excluding value added tax. Revenue from service contracts is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.

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 balance sheet date.


Belltree Limited (Registered number: SC160001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provision for liability
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 11 ) .

Belltree Limited (Registered number: SC160001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 38,750
Additions 6,358
At 31 March 2023 45,108
DEPRECIATION
At 1 April 2022 34,191
Charge for year 3,708
At 31 March 2023 37,899
NET BOOK VALUE
At 31 March 2023 7,209
At 31 March 2022 4,559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 565,758 171,486
Other debtors 14,665 65,034
580,423 236,520

Included in other debtors is a balance of £10,324 (2022 nil) owed from a related party.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,366 4,659
Taxation and social security 30,820 40,849
Other creditors 325,632 74,629
388,818 120,137

Included in other creditors is a loan of £130,000 owed to BTEC Holdings Limited, the company's ultimate parent company. The balance is unsecured, interest free and repayable on demand.

Belltree Limited (Registered number: SC160001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 83,694 -

8. ULTIMATE CONTROLLING PARTY

BTEC Holdings Limited (SC712209), is the company's ultimate parent company.