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REGISTERED NUMBER: 00547332 (England and Wales)










BELL BOATS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BELL BOATS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr J W Bell



REGISTERED OFFICE: Waterside
Brundall
Norwich
Norfolk
NR13 5QA



REGISTERED NUMBER: 00547332 (England and Wales)



ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS



BANKERS: HSBC Bank Plc
18 London Street
Norwich
Norfolk
NR2 1LF

BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,651 188,477

CURRENT ASSETS
Stocks 113,650 113,650
Debtors 5 4,802 8,092
Cash at bank 376,445 378,841
494,897 500,583
CREDITORS
Amounts falling due within one year 6 94,432 100,238
NET CURRENT ASSETS 400,465 400,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,116

588,822

PROVISIONS FOR LIABILITIES 31,000 16,000
NET ASSETS 597,116 572,822

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 596,116 571,822
SHAREHOLDERS' FUNDS 597,116 572,822

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 April 2024 and were signed by:



Mr J W Bell - Director


BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Bell Boats 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 represents net invoiced sales of goods and hiring charges, excluding value added tax.

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 equipment - 15% on reducing balance
Boat - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Caravan and chalets - 15% on reducing balance

Stocks
Stock and work in progress have been valued at the lower cost or net realisable value.

Cost is determined on a first-in first-out basis. The cost of work in progress and finished goods comprises materials, direct labour and attributable production overheads.

Net realisable value is based on the estimated selling price after taking into account all further costs expected to be incurred on completion and disposal.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold equipment
£    £    £   
COST
At 1 January 2023 104,875 4,233 331,385
Additions - - 63,223
At 31 December 2023 104,875 4,233 394,608
DEPRECIATION
At 1 January 2023 - 4,233 268,620
Charge for year - - 18,898
At 31 December 2023 - 4,233 287,518
NET BOOK VALUE
At 31 December 2023 104,875 - 107,090
At 31 December 2022 104,875 - 62,765

Caravan
Motor and
Boat vehicles chalets Totals
£    £    £    £   
COST
At 1 January 2023 195 36,595 10,286 487,569
Additions - - - 63,223
At 31 December 2023 195 36,595 10,286 550,792
DEPRECIATION
At 1 January 2023 194 16,349 9,696 299,092
Charge for year - 5,062 89 24,049
At 31 December 2023 194 21,411 9,785 323,141
NET BOOK VALUE
At 31 December 2023 1 15,184 501 227,651
At 31 December 2022 1 20,246 590 188,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,611 3,109
Other debtors 3,191 4,983
4,802 8,092

BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,233 9,754
Taxation and social security 7,906 14,043
Other creditors 79,293 76,441
94,432 100,238