Company Registration No. 10472562 (England and Wales)
BELLA ROAD SERVICES LTD
Unaudited accounts
for the year ended 31 October 2023
BELLA ROAD SERVICES LTD
Unaudited accounts
Contents
BELLA ROAD SERVICES LTD
Company Information
for the year ended 31 October 2023
Company Number
10472562 (England and Wales)
Registered Office
Unit 17k Hepworth Business Park
Coedcae Lane
Pontyclun
Mid Glamorgan
CF72 9ZP
Accountants
Munn Accounting Ltd
64 Coed Meiri
Tyla Garw
Pontyclun
RCT
CF72 9UW
BELLA ROAD SERVICES LTD
Statement of financial position
as at 31 October 2023
Tangible assets
822,094
606,170
Cash at bank and in hand
37,765
10,972
Creditors: amounts falling due within one year
(136,172)
(151,218)
Net current liabilities
(11,873)
(91,403)
Total assets less current liabilities
810,221
514,767
Creditors: amounts falling due after more than one year
(873,704)
(604,497)
Net liabilities
(63,483)
(89,730)
Called up share capital
1
1
Fair value reserve
(110,325)
(31,525)
Profit and loss account
46,841
(58,206)
Shareholders' funds
(63,483)
(89,730)
For the year ending 31 October 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 1 May 2024 and were signed on its behalf by
Sergio Alves
Director
Company Registration No. 10472562
BELLA ROAD SERVICES LTD
Notes to the Accounts
for the year ended 31 October 2023
BELLA ROAD SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 10472562. The registered office is Unit 17k Hepworth Business Park, Coedcae Lane, Pontyclun, Mid Glamorgan, CF72 9ZP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Motor vehicles consists of cars and commercial vehicles.
Cars will be depreciated on a reducing balance basis.
Commercial vehicles will be revalued each year. The revaluation of Motor Vehicles will be completed each year by an independent suitably qualified 3rd party and the differences in carrying value and fair value posted to the revaluation reserve.
Other categories of 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:
Plant & machinery
33.33% Straight Line
Motor vehicles
6% Reducing Balance Basis, Revaluation Method For commercial vehicles
Fixtures & fittings
33.33% Straight Line
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.
BELLA ROAD SERVICES LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Total
At 1 November 2022
643,491
At 31 October 2023
957,755
Charge for the year
19,540
Surplus on revaluation
78,800
At 31 October 2023
135,661
At 31 October 2023
822,094
At 31 October 2022
606,170
Revaluation was carried out on 31/10/2023, by Odyssey Coach Sales, the basis of the valuation is the lower of retail value and fair value
5
Average number of employees
During the year the average number of employees was 13 (2022: 11).