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REGISTERED NUMBER: 07461847 (England and Wales)












ROBERT BELL & COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ROBERT BELL & COMPANY LIMITED (REGISTERED NUMBER: 07461847)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


ROBERT BELL & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J A Wing
A J Boulton
G R Harrison





REGISTERED OFFICE: Old Bank Chambers
Bull Ring
Horncastle
Lincolnshire
LN9 5HY





REGISTERED NUMBER: 07461847 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

ROBERT BELL & COMPANY LIMITED (REGISTERED NUMBER: 07461847)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 157,500 180,000
Property, plant and equipment 5 261,819 274,834
Investments 6 - 6,091
419,319 460,925

CURRENT ASSETS
Inventories 15,000 14,500
Debtors 177,096 131,006
Cash at bank and in hand 553,877 457,259
745,973 602,765
CREDITORS
Amounts falling due within one year 286,229 236,972
NET CURRENT ASSETS 459,744 365,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,063

826,718

PROVISIONS FOR LIABILITIES 14,493 12,872
NET ASSETS 864,570 813,846

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 864,470 813,746
SHAREHOLDERS' FUNDS 864,570 813,846

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 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.

ROBERT BELL & COMPANY LIMITED (REGISTERED NUMBER: 07461847)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





G R Harrison - Director


ROBERT BELL & COMPANY LIMITED (REGISTERED NUMBER: 07461847)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Robert Bell & Company 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.

Preparation of consolidated financial statements
The financial statements contain information about Robert Bell & Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 1% on cost
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Work in progress
Work in progress is valued by reference to the chargeable time allocated to uninvoiced work.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ROBERT BELL & COMPANY LIMITED (REGISTERED NUMBER: 07461847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

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 35 (2022 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 427,500
AMORTISATION
At 1 January 2023 247,500
Amortisation for year 22,500
At 31 December 2023 270,000
NET BOOK VALUE

At 31 December 2023 157,500
At 31 December 2022 180,000

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 January 2023 415,389
Additions 6,104
At 31 December 2023 421,493
DEPRECIATION
At 1 January 2023 140,555
Charge for year 19,119
At 31 December 2023 159,674
NET BOOK VALUE
At 31 December 2023 261,819
At 31 December 2022 274,834

ROBERT BELL & COMPANY LIMITED (REGISTERED NUMBER: 07461847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023 91
Disposals (91 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 91
Information on loans is as follows:
Totals
£   
At 1 January 2023 6,000
Disposals (6,000 )
At 31 December 2023 -

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Aggregate amount 27,500 37,500

Secured debts is represented by a loan under the Bounce Back Loan Scheme which is guaranteed by the government.