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REGISTERED NUMBER: 05389470 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Bell & Higgins (Hull) Limited

Bell & Higgins (Hull) Limited (Registered number: 05389470)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bell & Higgins (Hull) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: M Cobley
Miss J Surgey





SECRETARY: P E Train





REGISTERED OFFICE: Suite 1
The Riverside Building
Livingstone Road
Hessle
East Yorkshire
HU13 0DZ





REGISTERED NUMBER: 05389470 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Bell & Higgins (Hull) Limited (Registered number: 05389470)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 55,501 69,376
Tangible assets 5 7,136 11,021
62,637 80,397

CURRENT ASSETS
Stocks 6 154,692 147,326
Debtors 7 12,628 17,977
Cash at bank and in hand 2,410 18,589
169,730 183,892
CREDITORS
Amounts falling due within one year 8 86,016 93,772
NET CURRENT ASSETS 83,714 90,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,351

170,517

CREDITORS
Amounts falling due after more than one
year

9

22,500

32,500
NET ASSETS 123,851 138,017

CAPITAL AND RESERVES
Called up share capital 74,250 74,250
Capital redemption reserve 60,750 60,750
Retained earnings (11,149 ) 3,017
SHAREHOLDERS' FUNDS 123,851 138,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 & Higgins (Hull) Limited (Registered number: 05389470)

Balance Sheet - continued
31 August 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 18 April 2024 and were signed on its behalf by:





M Cobley - Director


Bell & Higgins (Hull) Limited (Registered number: 05389470)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Bell & Higgins (Hull) 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.

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

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

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Sale of goods - Timber, tools and hardware
The company operates a retail shop for the sale of timber, tools and hardware. Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash or credit/debit card.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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

Bell & Higgins (Hull) Limited (Registered number: 05389470)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 138,752
AMORTISATION
At 1 September 2022 69,376
Amortisation for year 13,875
At 31 August 2023 83,251
NET BOOK VALUE
At 31 August 2023 55,501
At 31 August 2022 69,376

Bell & Higgins (Hull) Limited (Registered number: 05389470)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 25,361 15,495 3,436 44,292
DEPRECIATION
At 1 September 2022 15,461 15,495 2,315 33,271
Charge for year 3,300 - 585 3,885
At 31 August 2023 18,761 15,495 2,900 37,156
NET BOOK VALUE
At 31 August 2023 6,600 - 536 7,136
At 31 August 2022 9,900 - 1,121 11,021

6. STOCKS
2023 2022
£    £   
Stocks 154,692 147,326

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,830 7,559
Other debtors 8,798 10,418
12,628 17,977

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 30,839 22,401
Taxation and social security 9,088 8,838
Other creditors 36,089 52,533
86,016 93,772

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,500 32,500