Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312024-05-2211truefalse2023-01-01No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07843612 2023-01-01 2023-12-31 07843612 2022-01-01 2022-12-31 07843612 2023-12-31 07843612 2022-12-31 07843612 c:Director1 2023-01-01 2023-12-31 07843612 d:CurrentFinancialInstruments 2023-12-31 07843612 d:CurrentFinancialInstruments 2022-12-31 07843612 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07843612 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07843612 d:ShareCapital 2023-12-31 07843612 d:ShareCapital 2022-12-31 07843612 d:RetainedEarningsAccumulatedLosses 2023-12-31 07843612 d:RetainedEarningsAccumulatedLosses 2022-12-31 07843612 c:FRS102 2023-01-01 2023-12-31 07843612 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07843612 c:FullAccounts 2023-01-01 2023-12-31 07843612 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07843612










BELLGOLD ASSETS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BELLGOLD ASSETS LIMITED
REGISTERED NUMBER: 07843612

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
14,375
14,375

Debtors: amounts falling due within one year
 5 
1,918
5,990

Cash at bank and in hand
  
3,992
6,312

  
20,285
26,677

Creditors: amounts falling due within one year
 6 
(12,452)
(27,953)

Net current assets/(liabilities)
  
 
 
7,833
 
 
(1,276)

Total assets less current liabilities
  
7,833
(1,276)

  

Net assets/(liabilities)
  
7,833
(1,276)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
6,833
(2,276)

  
7,833
(1,276)


Page 1

 
BELLGOLD ASSETS LIMITED
REGISTERED NUMBER: 07843612
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






C P C Goddard
Director

Date: 22 May 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BELLGOLD ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bellgold Assets Limited (07843612) is a private company limited by shares and incorporated in England & Wales. Its registered office is 5a Hackwood Business Park, Water End, Basingstoke, Hampshire, RG24 7BA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown in the financial statements, the company has total assets exceeding its total liabilities by £7,833 (2022: £-1,276). The company meets its day to day working capital requirements through the support of the director. The director has confimed that his support will continue for the foreseeable future.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried
Page 3

 
BELLGOLD ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Page 4

 
BELLGOLD ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Stocks

2023
2022
£
£

Work in progress
14,375
14,375

14,375
14,375


Page 5

 
BELLGOLD ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
10
-

Other debtors
258
1,050

Deferred taxation
1,650
4,940

1,918
5,990



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,252
1,348

Other creditors
10,000
24,000

Accruals and deferred income
1,200
2,605

12,452
27,953


 
Page 6