IRIS Accounts Production v24.1.0.578 00785228 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh007852282023-01-31007852282024-01-31007852282023-02-012024-01-31007852282022-01-31007852282022-02-012023-01-31007852282023-01-3100785228ns15:EnglandWales2023-02-012024-01-3100785228ns14:PoundSterling2023-02-012024-01-3100785228ns10:Director12023-02-012024-01-3100785228ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3100785228ns10:SmallEntities2023-02-012024-01-3100785228ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3100785228ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3100785228ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3100785228ns10:FullAccounts2023-02-012024-01-3100785228ns10:Director22023-02-012024-01-3100785228ns10:Director32023-02-012024-01-3100785228ns10:CompanySecretary12023-02-012024-01-3100785228ns10:RegisteredOffice2023-02-012024-01-3100785228ns5:CurrentFinancialInstruments2024-01-3100785228ns5:CurrentFinancialInstruments2023-01-3100785228ns5:ShareCapital2024-01-3100785228ns5:ShareCapital2023-01-3100785228ns5:RetainedEarningsAccumulatedLosses2024-01-3100785228ns5:RetainedEarningsAccumulatedLosses2023-01-3100785228ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3100785228ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3100785228ns5:RetainedEarningsAccumulatedLosses2023-01-3100785228ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-3100785228ns10:Director222023-01-3100785228ns10:Director222022-01-3100785228ns10:Director222023-02-012024-01-3100785228ns10:Director222022-02-012023-01-3100785228ns10:Director222024-01-3100785228ns10:Director222023-01-31
REGISTERED NUMBER: 00785228 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Bidwell Metals Limited

Bidwell Metals Limited (Registered number: 00785228)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bidwell Metals Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs G M Bidwell
Mrs E L Mallon
Mrs S M West





SECRETARY: Mrs G M Bidwell





REGISTERED OFFICE: Dryleaze
Bath Road
Saltford
Bristol
BS31 3JT





REGISTERED NUMBER: 00785228 (England and Wales)





ACCOUNTANTS: Underwood Lamb Professional Services Ltd
Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN

Bidwell Metals Limited (Registered number: 00785228)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 607,792 607,792

CURRENT ASSETS
Debtors 5 1,248 7,917
Cash at bank 788,200 964,480
789,448 972,397
CREDITORS
Amounts falling due within one year 6 9,472 7,665
NET CURRENT ASSETS 779,976 964,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,387,768

1,572,524

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 7 1,357,768 1,542,524
1,387,768 1,572,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 12 April 2024 and were signed on its behalf by:





Mrs E L Mallon - Director


Bidwell Metals Limited (Registered number: 00785228)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Bidwell Metals 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.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Bidwell Metals Limited (Registered number: 00785228)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 607,792
NET BOOK VALUE
At 31 January 2024 607,792
At 31 January 2023 607,792

The fair value of the investment property has been arrived at on the basis of an open market valuation carried out by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 3,600
Other debtors 1,248 4,317
1,248 7,917

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 451 419
Taxation and social security 7,521 5,746
Other creditors 1,500 1,500
9,472 7,665

7. RESERVES
Retained
earnings
£   

At 1 February 2023 1,542,524
Profit for the year 32,064
Dividends (216,820 )
At 31 January 2024 1,357,768

Bidwell Metals Limited (Registered number: 00785228)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mrs G M Bidwell
Balance outstanding at start of year - 1,292
Amounts repaid - (1,292 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. OPERATING LEASE INCOME

Lessor
At the reporting period end date the company had contracted with tenants for the following minimum lease payments: £161,200 (2023 - £33,800).