0 false false false false false false false false false false true false false false false false false No description of principal activity 2021-01-31 Sage Accounts Production Advanced 2023 - FRS102_2023 1,360 478 342 820 540 882 xbrli:pure xbrli:shares iso4217:GBP 08365988 2021-01-31 2022-01-30 08365988 2022-01-30 08365988 2021-01-30 08365988 2020-02-01 2021-01-30 08365988 2021-01-30 08365988 2020-01-31 08365988 core:FurnitureFittings 2021-01-31 2022-01-30 08365988 bus:Director1 2021-01-31 2022-01-30 08365988 core:WithinOneYear 2022-01-30 08365988 core:WithinOneYear 2021-01-30 08365988 core:FurnitureFittings 2021-01-30 08365988 core:FurnitureFittings 2022-01-30 08365988 core:AfterOneYear 2022-01-30 08365988 core:AfterOneYear 2021-01-30 08365988 core:ShareCapital 2022-01-30 08365988 core:ShareCapital 2021-01-30 08365988 core:RetainedEarningsAccumulatedLosses 2022-01-30 08365988 core:RetainedEarningsAccumulatedLosses 2021-01-30 08365988 core:FurnitureFittings 2021-01-30 08365988 bus:SmallEntities 2021-01-31 2022-01-30 08365988 bus:AuditExemptWithAccountantsReport 2021-01-31 2022-01-30 08365988 bus:SmallCompaniesRegimeForAccounts 2021-01-31 2022-01-30 08365988 bus:PrivateLimitedCompanyLtd 2021-01-31 2022-01-30 08365988 bus:FullAccounts 2021-01-31 2022-01-30
COMPANY REGISTRATION NUMBER: 08365988
BELLFIELD CLOTHING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 January 2022
BELLFIELD CLOTHING LIMITED
STATEMENT OF FINANCIAL POSITION
30 January 2022
2022
2021
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
540
882
CURRENT ASSETS
Stocks
95,061
101,754
Debtors
5
70,734
109,305
Cash at bank and in hand
3,943
1,541
---------
---------
169,738
212,600
CREDITORS: amounts falling due within one year
Bank loans and overdrafts
( 10,000)
Trade creditors
( 496,493)
( 431,400)
Accruals and deferred income
( 2,708)
( 1,750)
---------
---------
( 509,201)
( 433,150)
---------
---------
NET CURRENT LIABILITIES
( 339,463)
( 220,550)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 338,923)
( 219,668)
CREDITORS: amounts falling due after more than one year
6
( 35,563)
( 50,000)
---------
---------
NET LIABILITIES
( 374,486)
( 269,668)
---------
---------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
( 374,488)
( 269,670)
---------
---------
SHAREHOLDERS DEFICIT
( 374,486)
( 269,668)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BELLFIELD CLOTHING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 January 2022
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:
R Anand
Director
Company registration number: 08365988
BELLFIELD CLOTHING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JANUARY 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ashbury Works, Gorton Road, Pottery Lane, Gorton, Manchester, M12 5AD, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied exclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. TANGIBLE ASSETS
Fixtures and fittings
Total
£
£
Cost
At 31 January 2021 and 30 January 2022
1,360
1,360
-------
-------
Depreciation
At 31 January 2021
478
478
Charge for the year
342
342
-------
-------
At 30 January 2022
820
820
-------
-------
Carrying amount
At 30 January 2022
540
540
-------
-------
At 30 January 2021
882
882
-------
-------
5. DEBTORS
2022
2021
£
£
Trade debtors
6,917
1,250
Other debtors
63,817
108,055
--------
---------
70,734
109,305
--------
---------
6. CREDITORS: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
35,563
50,000
--------
--------