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REGISTERED NUMBER: 06940545 (England and Wales)















Belmores Limited

Unaudited Financial Statements

for the year ended

30 April 2023






Belmores Limited (Registered number: 06940545)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


Belmores Limited

Company Information
for the year ended 30 April 2023







DIRECTOR: D R M Foulkes





REGISTERED OFFICE: Mall Chambers
40 Crown Road
Norwich
Norfolk
NR1 3DX





REGISTERED NUMBER: 06940545 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Belmores Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Belmores Limited for the year ended 30 April 2023 which comprise the Income Statement, Statement of Financial Position 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Belmores Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Belmores Limited and state those matters that we have agreed to state to the director of Belmores Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Belmores Limited and its director for our work or for this report.

It is your duty to ensure that Belmores 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 Belmores Limited. You consider that Belmores Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Belmores 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.








Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


9 October 2023

Belmores Limited (Registered number: 06940545)

Statement of Financial Position
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 20,755 8,153
20,755 8,153

CURRENT ASSETS
Debtors 6 253,624 270,497
Cash at bank and in hand 157,903 364,982
411,527 635,479
CREDITORS
Amounts falling due within one year 7 (121,338 ) (184,302 )
NET CURRENT ASSETS 290,189 451,177
TOTAL ASSETS LESS CURRENT LIABILITIES 310,944 459,330

CAPITAL AND RESERVES
Called up share capital 8 50 100
Capital redemption reserve 50 -
Retained earnings 310,844 459,230
SHAREHOLDERS' FUNDS 310,944 459,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Belmores Limited (Registered number: 06940545)

Statement of Financial Position - continued
30 April 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 9 October 2023 and were signed by:





D R M Foulkes - Director


Belmores Limited (Registered number: 06940545)

Notes to the Financial Statements
for the year ended 30 April 2023


1. STATUTORY INFORMATION

Belmores Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been fully amortised over its useful life of twelve years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.

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 statement of financial position date.

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
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.

Belmores Limited (Registered number: 06940545)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 1,200,000
AMORTISATION
At 1 May 2022
and 30 April 2023 1,200,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 43,295 51,748 95,043
Additions 5,679 19,042 24,721
Disposals - (8,159 ) (8,159 )
At 30 April 2023 48,974 62,631 111,605
DEPRECIATION
At 1 May 2022 39,871 47,019 86,890
Charge for year 4,479 7,640 12,119
Eliminated on disposal - (8,159 ) (8,159 )
At 30 April 2023 44,350 46,500 90,850
NET BOOK VALUE
At 30 April 2023 4,624 16,131 20,755
At 30 April 2022 3,424 4,729 8,153

Belmores Limited (Registered number: 06940545)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 117,879 91,322
Other debtors 135,745 179,175
253,624 270,497

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,953 23,927
Taxation and social security 91,751 93,535
Other creditors 21,634 66,840
121,338 184,302

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2023 2022
value: £ £
48 A Ordinary £1 48 48
48 B Ordinary £1 - 48
2 C Ordinary £1 2 2
2 D Ordinary £1 - 2
50 100

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments under operating leases over the remaining life of those leases of £58,500 (2022 - £0).

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,000 (2022 - £42,700) were paid to the directors .

During the year the company benefitted from directors loans on which interest was charged at 7.3% per annum. The interest charge for the year was £2,335 (30/4/22 - £2,787). The total of loans due to directors at the year end is £14,228 (30/4/22 - £16,094). The loans are unsecured and have no fixed repayment terms.