IRIS Accounts Production v23.2.0.158 04687929 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046879292022-03-31046879292023-03-31046879292022-04-012023-03-31046879292021-03-31046879292021-04-012022-03-31046879292022-03-3104687929ns10:Originalns15:EnglandWales2022-04-012023-03-3104687929ns14:PoundSterlingns10:Original2022-04-012023-03-3104687929ns10:Originalns10:Director12022-04-012023-03-3104687929ns10:Original2022-04-012023-03-3104687929ns10:Original2023-03-3104687929ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104687929ns10:Originalns10:SmallEntities2022-04-012023-03-3104687929ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104687929ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104687929ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104687929ns10:Originalns10:FullAccounts2022-04-012023-03-3104687929ns10:Original12022-04-012023-03-3104687929ns10:Originalns10:Director22022-04-012023-03-3104687929ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104687929ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104687929ns10:Original2022-03-3104687929ns10:Originalns5:CurrentFinancialInstruments2023-03-3104687929ns10:Originalns5:CurrentFinancialInstruments2022-03-3104687929ns5:ShareCapitalns10:Original2023-03-3104687929ns5:ShareCapitalns10:Original2022-03-3104687929ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104687929ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104687929ns10:Originalns5:PlantMachinery2022-04-012023-03-3104687929ns10:Original2021-04-012022-03-3104687929ns10:Originalns5:NetGoodwill2022-03-3104687929ns10:Originalns5:NetGoodwill2023-03-3104687929ns10:Originalns5:NetGoodwill2022-03-3104687929ns10:Originalns5:PlantMachinery2022-03-3104687929ns10:Originalns5:PlantMachinery2023-03-3104687929ns10:Originalns5:PlantMachinery2022-03-3104687929ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104687929ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104687929ns10:Original1ns10:Director12022-03-3104687929ns10:Original1ns10:Director12021-03-3104687929ns10:Original1ns10:Director12022-04-012023-03-3104687929ns10:Original1ns10:Director12021-04-012022-03-3104687929ns10:Original1ns10:Director12023-03-3104687929ns10:Original1ns10:Director12022-03-3104687929ns10:Originalns10:Director222022-03-3104687929ns10:Originalns10:Director222021-03-3104687929ns10:Originalns10:Director222022-04-012023-03-3104687929ns10:Originalns10:Director222021-04-012022-03-3104687929ns10:Originalns10:Director222023-03-3104687929ns10:Originalns10:Director222022-03-31
REGISTERED NUMBER: 04687929 (England and Wales)













Financial Statements

for the Year Ended 31 March 2023

for

Five Bells (Bassingham) Limited

Five Bells (Bassingham) Limited (Registered number: 04687929)






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


Five Bells (Bassingham) Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: A D H Govier
Mrs D Govier



SECRETARY: Mrs D Govier



REGISTERED OFFICE: 17 High Street
Bassingham
LINCOLN
Lincolnshire
LN5 9JZ



REGISTERED NUMBER: 04687929 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: NatWest Bank Plc
225 High Street
LINCOLN
Lincolnshire
LN2 1AZ

Five Bells (Bassingham) Limited (Registered number: 04687929)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,679 40,291
36,679 40,291

CURRENT ASSETS
Stocks 13,241 3,795
Debtors 6 70,995 167,912
Cash at bank and in hand 257,093 142,088
341,329 313,795
CREDITORS
Amounts falling due within one year 7 158,694 132,683
NET CURRENT ASSETS 182,635 181,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,314

221,403

PROVISIONS FOR LIABILITIES 8,830 7,339
NET ASSETS 210,484 214,064

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 210,481 214,061
SHAREHOLDERS' FUNDS 210,484 214,064

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 directors acknowledge their 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.

Five Bells (Bassingham) Limited (Registered number: 04687929)

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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





A D H Govier - Director


Five Bells (Bassingham) Limited (Registered number: 04687929)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Five Bells (Bassingham) 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.

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

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 - 33% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate.

Five Bells (Bassingham) Limited (Registered number: 04687929)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Five Bells (Bassingham) Limited (Registered number: 04687929)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 172,355
Additions 2,825
At 31 March 2023 175,180
DEPRECIATION
At 1 April 2022 132,064
Charge for year 6,437
At 31 March 2023 138,501
NET BOOK VALUE
At 31 March 2023 36,679
At 31 March 2022 40,291

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 21
Directors' current accounts 70,732 167,628
Prepayments and accrued income 263 263
70,995 167,912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,950 21,019
Tax 54,039 51,924
Social security and other taxes 5,079 9,175
VAT 71,074 46,777
Other creditors 6,552 3,788
158,694 132,683

8. SECURED DEBTS

The company bankers, NatWest hold a fixed and floating charge over the assets of the company.

Five Bells (Bassingham) Limited (Registered number: 04687929)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
A D H Govier
Balance outstanding at start of year 83,814 37,653
Amounts advanced 83,609 101,685
Amounts repaid (132,057 ) (55,524 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,366 83,814

Mrs D Govier
Balance outstanding at start of year 83,814 37,654
Amounts advanced 83,609 101,684
Amounts repaid (132,057 ) (55,524 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,366 83,814

The outstanding balance was unsecured and subject to interest at the HM Revenue and Customs approved rates.