Registered number
08256655
Belle Tents Limited
Filleted Accounts
31 January 2023
Belle Tents Limited
Registered number: 08256655
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 10,000
Tangible assets 4 224,118 112,967
224,118 122,967
Current assets
Stocks 6,000 30,000
Debtors 5 13,395 9,131
Cash at bank and in hand 480,726 303,674
500,121 342,805
Creditors: amounts falling due within one year 6 (322,370) (292,557)
Net current assets 177,751 50,248
Total assets less current liabilities 401,869 173,215
Provisions for liabilities (55,641) (21,463)
Net assets 346,228 151,752
Capital and reserves
Called up share capital 123 120
Profit and loss account 346,105 151,632
Shareholders' funds 346,228 151,752
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D J Scaife
Director
Approved by the board on 24 October 2023
Belle Tents Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the hire of marquees. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Fixtures, plant and machinery over 5 years
Equipment over 2 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2022 100,000
At 31 January 2023 100,000
Amortisation
At 1 February 2022 90,000
Provided during the year 10,000
At 31 January 2023 100,000
Net book value
At 31 January 2023 -
At 31 January 2022 10,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 5,527 291,373 45,148 342,048
Additions - 119,839 47,000 166,839
At 31 January 2023 5,527 411,212 92,148 508,887
Depreciation
At 1 February 2022 5,498 186,748 36,835 229,081
Charge for the year 29 43,951 11,708 55,688
At 31 January 2023 5,527 230,699 48,543 284,769
Net book value
At 31 January 2023 - 180,513 43,605 224,118
At 31 January 2022 29 104,625 8,313 112,967
5 Debtors 2023 2022
£ £
Trade debtors 9,806 5,613
Other debtors 3,589 3,518
13,395 9,131
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,952 2,453
Taxation and social security costs 54,167 54,698
Directors loan accounts 261,368 222,193
Other creditors 4,883 13,213
322,370 292,557
7 Other information
Belle Tents Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3b Wellmere Road
Leechmere Industrial Estate
Sunderland
United Kingdom
SR2 9TE
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