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REGISTERED NUMBER: 04074042 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BELL ELECTRICAL LIMITED

BELL ELECTRICAL LIMITED (REGISTERED NUMBER: 04074042)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELL ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: A G Bell
Mrs S L Bell
D M Bell





SECRETARY: Mrs S L Bell





REGISTERED OFFICE: Unit D1B, Harworth Industrial Estate
Bryans Close
Harworth
Doncaster
South Yorkshire
DN11 8RY





REGISTERED NUMBER: 04074042 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

BELL ELECTRICAL LIMITED (REGISTERED NUMBER: 04074042)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,657 124,531

CURRENT ASSETS
Stocks 38,000 95,618
Debtors 5 1,075,477 1,138,495
Investments 6 27,525 27,525
Cash at bank and in hand 194,524 83,801
1,335,526 1,345,439
CREDITORS
Amounts falling due within one year 7 404,151 475,503
NET CURRENT ASSETS 931,375 869,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,027,032

994,467

CREDITORS
Amounts falling due after more than one
year

8

(70,544

)

(97,580

)

PROVISIONS FOR LIABILITIES (18,016 ) (22,089 )
NET ASSETS 938,472 874,798

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 937,572 873,898
SHAREHOLDERS' FUNDS 938,472 874,798

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

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

BELL ELECTRICAL LIMITED (REGISTERED NUMBER: 04074042)

BALANCE SHEET - continued
30 JUNE 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 21 November 2023 and were signed on its behalf by:




A G Bell - Director



Mrs S L Bell - Director


BELL ELECTRICAL LIMITED (REGISTERED NUMBER: 04074042)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Bell Electrical 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

BELL ELECTRICAL LIMITED (REGISTERED NUMBER: 04074042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2022 1,885 2,079 34,846
Additions - 488 -
Disposals - - -
At 30 June 2023 1,885 2,567 34,846
DEPRECIATION
At 1 July 2022 1,885 1,090 27,065
Charge for year - 222 1,167
Eliminated on disposal - - -
At 30 June 2023 1,885 1,312 28,232
NET BOOK VALUE
At 30 June 2023 - 1,255 6,614
At 30 June 2022 - 989 7,781

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 207,970 3,192 249,972
Additions - 1,764 2,252
Disposals (9,129 ) - (9,129 )
At 30 June 2023 198,841 4,956 243,095
DEPRECIATION
At 1 July 2022 93,546 1,855 125,441
Charge for year 28,029 1,023 30,441
Eliminated on disposal (8,444 ) - (8,444 )
At 30 June 2023 113,131 2,878 147,438
NET BOOK VALUE
At 30 June 2023 85,710 2,078 95,657
At 30 June 2022 114,424 1,337 124,531

BELL ELECTRICAL LIMITED (REGISTERED NUMBER: 04074042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 140,519
DEPRECIATION
At 1 July 2022 55,074
Charge for year 20,607
At 30 June 2023 75,681
NET BOOK VALUE
At 30 June 2023 64,838
At 30 June 2022 85,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 526,672 569,339
Other debtors 548,805 569,156
1,075,477 1,138,495

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 27,525 27,525

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 17,046 17,056
Trade creditors 310,086 400,335
Taxation and social security 61,652 43,368
Other creditors 5,367 4,744
404,151 475,503

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,917 28,917
Hire purchase contracts 51,537 68,573
Other creditors 90 90
70,544 97,580

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 90 90

BELL ELECTRICAL LIMITED (REGISTERED NUMBER: 04074042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 68,583 85,629

10. RELATED PARTY DISCLOSURES

Mr AG Bell and Mrs SL Bell are interested as both directors and shareholders in Bell Properties (Doncaster) Limited. During the year, the company was charged premises rent of £16,000 (2022: £16,000) by Bell Properties (Doncaster) Limited.

At 30 June 2023 an amount of £503,240 (2022: £503,240) was due by Bell Properties (Doncaster) Limited and is included in Other Debtors.

11. ULTIMATE CONTROLLING PARTY

A G Bell being the majority shareholder, exercises control over the company.