Registered number
02124877
Bevelo Limited
Filleted Accounts
30 June 2023
Bevelo Limited
Registered number: 02124877
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 150,802 150,944
Current assets
Stocks 3,500 3,500
Debtors 4 100,069 103,975
103,569 107,475
Creditors: amounts falling due within one year 5 (61,446) (43,890)
Net current assets 42,123 63,585
Total assets less current liabilities 192,925 214,529
Creditors: amounts falling due after more than one year 6 (17,975) (22,711)
Provisions for liabilities (19,000) (19,000)
Net assets 155,950 172,818
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 85,000 85,000
Profit and loss account 70,850 87,718
Shareholders' funds 155,950 172,818
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Whalley
Director
Approved by the board on 6 March 2024
Bevelo Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 154,000 44,765 198,765
At 30 June 2023 154,000 44,765 198,765
Depreciation
At 1 July 2022 4,000 43,821 47,821
Charge for the year - 142 142
At 30 June 2023 4,000 43,963 47,963
Net book value
At 30 June 2023 150,000 802 150,802
At 30 June 2022 150,000 944 150,944
4 Debtors 2023 2022
£ £
Trade debtors - 3,906
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100,000 100,000
Other debtors 69 69
100,069 103,975
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,569 6,160
Trade creditors 5,861 7,857
Taxation and social security costs 1,540 1,423
Other creditors 49,476 28,450
61,446 43,890
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 17,975 22,711
7 Revaluation reserve 2023 2022
£ £
At 1 July 2022 85,000 85,000
At 30 June 2023 85,000 85,000
8 Other information
Bevelo Limited is a private company limited by shares and incorporated in England. Its registered office is:
70a George Street
Wakefield
WF1 1DL
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