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Registration number: 11415025

M & B Bellamy Ltd
(formerly MB Locum Services Limited)

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

M & B Bellamy Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

M & B Bellamy Ltd

(Registration number: 11415025)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

As restated
2022
£

Fixed assets

 

Tangible assets

4

16,210

1,839

Other financial assets

5

271,706

271,706

 

287,916

273,545

Current assets

 

Debtors

9,354

1,869

Cash at bank and in hand

 

16,337

114,041

 

25,691

115,910

Creditors: Amounts falling due within one year

6

(38,172)

(120,866)

Net current liabilities

 

(12,481)

(4,956)

Total assets less current liabilities

 

275,435

268,589

Creditors: Amounts falling due after more than one year

7

(167,010)

(179,176)

Provisions for liabilities

(3,079)

(950)

Net assets

 

105,346

88,463

Capital and reserves

 

Called up share capital

3

3

Profit and loss account

105,343

88,460

Total equity

 

105,346

88,463

 

M & B Bellamy Ltd

(Registration number: 11415025)
Abridged Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 16 August 2023 and signed on its behalf by:
 

Mr M Bellamy

Director

Mrs B Bellamy

Director

 

M & B Bellamy Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The company was formerly known as MB Locum Services Limited.

The address of its registered office is:
Pick Hillock
Bromyard Road
Ledbury
HR8 1LG

These financial statements were authorised for issue by the Board on 16 August 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Prior period errors

Share capital of £1 was omitted from the financial statements for the period ended 31 March 2022. This has been included as a prior period adjustment.

 

Relating to the current period disclosed in these financial statements
£

Relating to the prior period disclosed in these financial statements
£

Relating to periods before the prior period disclosed in these financial statements
£

Called up share capital

-

1

1

Creditors: Amounts falling due within 1 year

-

(1)

(1)

    

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

M & B Bellamy Ltd

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight Line 15%

Fixtures and fittings

Straight Line 15%

Office equipment

Straight Line 25%

Motor vehicles

Reducing Balance 25%

Investments

10% shareholding in Belmont Farm & Equine Vet Ltd.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

M & B Bellamy Ltd

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

4

Tangible assets

Total
£

Cost or valuation

At 1 April 2022

3,687

Additions

19,809

At 31 March 2023

23,496

Depreciation

At 1 April 2022

1,848

Charge for the year

5,438

At 31 March 2023

7,286

Carrying amount

At 31 March 2023

16,210

At 31 March 2022

1,839

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

271,706

271,706

At 31 March 2023

271,706

271,706

Carrying amount

At 31 March 2023

271,706

271,706

6

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £15,700 (2022 - £19,200).

7

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £167,010 (2022 - £179,176).

Creditors include bank loans repayable by instalments of £104,210 (2022 - £102,376) due after more than five years.