Registered number
01008031
Bell System (Telephones) Limited
Unaudited Filleted Accounts
31 March 2024
Bell System (Telephones) Limited
Registered number: 01008031
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 363,230 375,496
Current assets
Stocks 262,473 256,362
Debtors 4 507,296 601,283
Cash at bank and in hand 407,645 341,789
1,177,414 1,199,434
Creditors: amounts falling due within one year 5 (279,387) (296,153)
Net current assets 898,027 903,281
Net assets 1,261,257 1,278,777
Capital and reserves
Called up share capital 10 10
Share premium - 53,991
Profit and loss account 1,261,247 1,224,776
Shareholders' funds 1,261,257 1,278,777
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D C Hanss Esq
Director
Approved by the board on 16 August 2024
Bell System (Telephones) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 15% Reducing balance
Motor vehicles 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 25
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 698,640 211,359 13,967 923,966
At 31 March 2024 698,640 211,359 13,967 923,966
Depreciation
At 1 April 2023 335,784 203,659 9,027 548,470
Charge for the year 9,876 1,160 1,230 12,266
At 31 March 2024 345,660 204,819 10,257 560,736
Net book value
At 31 March 2024 352,980 6,540 3,710 363,230
At 31 March 2023 362,856 7,700 4,940 375,496
4 Debtors 2024 2023
£ £
Trade debtors 502,173 547,715
Other debtors 5,123 53,568
507,296 601,283
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 159,088 153,385
Taxation and social security costs 81,231 99,299
Other creditors 39,068 43,469
279,387 296,153
6 Pension commitments
The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds.
7 Other information
Bell System (Telephones) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Presley Way
Crown Hill
Milton Keynes
MK8 0ET
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