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REGISTERED NUMBER: 01307991 (England and Wales)















BELL BROTHERS (OPTICIANS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 30 NOVEMBER 2023






BELL BROTHERS (OPTICIANS) LIMITED (REGISTERED NUMBER: 01307991)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELL BROTHERS (OPTICIANS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 NOVEMBER 2023







DIRECTOR: I Hakim





REGISTERED OFFICE: Unit 317
India Mill Business Centre
Darwen
Lancashire
BB3 1AE





REGISTERED NUMBER: 01307991 (England and Wales)






BELL BROTHERS (OPTICIANS) LIMITED (REGISTERED NUMBER: 01307991)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,784 72,473
Investments 5 100 100
57,884 72,573

CURRENT ASSETS
Stocks 44,255 43,993
Debtors 6 211,394 23,640
Cash at bank and in hand 59,511 349,865
315,160 417,498
CREDITORS
Amounts falling due within one year 7 45,374 126,117
NET CURRENT ASSETS 269,786 291,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,670

363,954

CREDITORS
Amounts falling due after more than one
year

8

(7,893

)

(13,385

)

PROVISIONS FOR LIABILITIES (13,859 ) (13,634 )
NET ASSETS 305,918 336,935

CAPITAL AND RESERVES
Called up share capital 12,676 12,676
Retained earnings 293,242 324,259
SHAREHOLDERS' FUNDS 305,918 336,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

BELL BROTHERS (OPTICIANS) LIMITED (REGISTERED NUMBER: 01307991)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 28 June 2024 and were signed by:





I Hakim - Director


BELL BROTHERS (OPTICIANS) LIMITED (REGISTERED NUMBER: 01307991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Bell Brothers (Opticians) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - over the remaining life of the lease
Plant and machinery etc - 10% on reducing balance

No depreciation is provided on freehold land and buildings which is a departure from the requirements of the Companies Act 1985, which requires all properties to be depreciated. The directors consider depreciation not to be appropriate because it is only one of many factors reflected in the annual valuation and the amount of depreciation which might have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

BELL BROTHERS (OPTICIANS) LIMITED (REGISTERED NUMBER: 01307991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 17 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 30 November 2023 81,257 97,814 179,071
DEPRECIATION
At 1 January 2023 72,815 33,783 106,598
Charge for period 8,442 6,247 14,689
At 30 November 2023 81,257 40,030 121,287
NET BOOK VALUE
At 30 November 2023 - 57,784 57,784
At 31 December 2022 8,442 64,031 72,473

BELL BROTHERS (OPTICIANS) LIMITED (REGISTERED NUMBER: 01307991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 30 November 2023 29,958
DEPRECIATION
At 1 January 2023 4,344
Charge for period 2,561
At 30 November 2023 6,905
NET BOOK VALUE
At 30 November 2023 23,053
At 31 December 2022 25,614

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 30 November 2023 100
NET BOOK VALUE
At 30 November 2023 100
At 31 December 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,904 8,046
Other debtors 198,490 15,594
211,394 23,640

BELL BROTHERS (OPTICIANS) LIMITED (REGISTERED NUMBER: 01307991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,936 6,936
Trade creditors 20,284 11,970
Taxation and social security 7,893 17,842
Other creditors 10,261 89,369
45,374 126,117

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 7,893 13,385

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £233,219 (2022 £36,024)