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Company Registration No. 04355591 (England and Wales)
Bell Sport And Classic Ltd Unaudited accounts for the year ended 31 March 2023
Bell Sport And Classic Ltd Unaudited accounts Contents
Page
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Bell Sport And Classic Ltd Company Information for the year ended 31 March 2023
Directors
Matthew Barry Wilton Timothy John Kearns
Company Number
04355591 (England and Wales)
Registered Office
Hillview Luton Road Markyate St. Albans AL3 8QE ENGLAND
Accountants
Trimantic Accountants 1 Victor House Barnet Road London Colney AL2 1BJ
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Bell Sport And Classic Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,968,035 
1,992,226 
Current assets
Inventories
3,033,222 
3,835,390 
Debtors
550,091 
201,444 
Cash at bank and in hand
182,511 
1,153,836 
3,765,824 
5,190,670 
Creditors: amounts falling due within one year
(5,991,730)
(7,000,477)
Net current liabilities
(2,225,906)
(1,809,807)
Total assets less current liabilities
(257,871)
182,419 
Creditors: amounts falling due after more than one year
(22,500)
(32,500)
Net (liabilities)/assets
(280,371)
149,919 
Capital and reserves
Called up share capital
4,250,001 
4,250,001 
Profit and loss account
(4,530,372)
(4,100,082)
Shareholders' funds
(280,371)
149,919 
For the 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by
Timothy John Kearns Director Company Registration No. 04355591
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Bell Sport And Classic Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Bell Sport And Classic Ltd is a private company, limited by shares, registered in England and Wales, registration number 04355591. The registered office is Hillview Luton Road, Markyate, St. Albans, AL3 8QE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4%
Plant & machinery
15%
Motor vehicles
25%
Fixtures & fittings
15%
Computer equipment
15%
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Bell Sport And Classic Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
2,292,672 
255,437 
81,922 
146,524 
49,357 
2,825,912 
Additions
26,345 
23,296 
85,394 
8,393 
3,494 
146,922 
Disposals
- 
- 
(43,399)
- 
- 
(43,399)
At 31 March 2023
2,319,017 
278,733 
123,917 
154,917 
52,851 
2,929,435 
Depreciation
At 1 April 2022
443,301 
208,221 
41,123 
107,726 
33,315 
833,686 
Charge for the year
95,070 
15,009 
24,007 
12,827 
8,459 
155,372 
On disposals
- 
- 
(27,658)
- 
- 
(27,658)
At 31 March 2023
538,371 
223,230 
37,472 
120,553 
41,774 
961,400 
Net book value
At 31 March 2023
1,780,646 
55,503 
86,445 
34,364 
11,077 
1,968,035 
At 31 March 2022
1,849,371 
47,216 
40,799 
38,798 
16,042 
1,992,226 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,995 
- 
Trade debtors
431,657 
152,981 
Accrued income and prepayments
95,576 
47,114 
Other debtors
18,863 
1,349 
550,091 
201,444 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
- 
39,075 
Trade creditors
195,674 
479,499 
Taxes and social security
29,680 
23,596 
Other creditors
46,312 
15,723 
Loans from directors
5,499,710 
5,650,000 
Accruals
116,672 
106,118 
Deferred income
93,682 
676,466 
5,991,730 
7,000,477 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,500 
32,500 
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Bell Sport And Classic Ltd Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
4,250,000 Redeemable Preferance Shares of £1 each
4,250,000 
4,250,000 
4,250,001 
4,250,001 
9
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
63,228 
63,228 
Later than one year and not later than five years
42,152 
42,152 
105,380 
105,380 
10
Transactions with related parties
During the year the company received loans from Michael Bedford, who was a director of the company throughout the year ended 31 March 2023, but resigned on 9 May 2023. The loans are non-interest bearing and repayable on demand. At the Balance Sheet date £5,499,710 (2022: £5,650,000) was outstanding.
11
Average number of employees
During the year the average number of employees was 20 (2022: 20).
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