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Company Registration No. 11796946 (England and Wales)
Bedwells Ltd Unaudited accounts for the year ended 31 January 2024
Bedwells Ltd Unaudited accounts Contents
Page
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Bedwells Ltd Company Information for the year ended 31 January 2024
Director
Shane Robert Bedwell
Company Number
11796946 (England and Wales)
Registered Office
55 Sutherland Road Southampton SO16 8GB United Kingdom
Accountants
365 Accounts Ltd 44 Brookwood Road Southampton Hampshire SO16 9AJ
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Bedwells Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,400 
6,600 
Tangible assets
31,987 
38,237 
36,387 
44,837 
Current assets
Debtors
13,345 
16,981 
Cash at bank and in hand
7,007 
6,151 
20,352 
23,132 
Creditors: amounts falling due within one year
(11,307)
(7,311)
Net current assets
9,045 
15,821 
Total assets less current liabilities
45,432 
60,658 
Creditors: amounts falling due after more than one year
(22,080)
(30,663)
Net assets
23,352 
29,995 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
23,350 
29,993 
Shareholders' funds
23,352 
29,995 
For the year ending 31 January 2024 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.
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 3 September 2024 and were signed on its behalf by
Shane Robert Bedwell Director Company Registration No. 11796946
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Bedwells Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Bedwells Ltd is a private company, limited by shares, registered in England and Wales, registration number 11796946. The registered office is 55 Sutherland Road, , Southampton, SO16 8GB, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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
25% reducing balance method
Motor vehicles
25% reducing balance method
Computer equipment
33.33% reducing balance method
Intangible fixed assets
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of five years.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Bedwells Ltd Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
11,000 
At 31 January 2024
11,000 
Amortisation
At 1 February 2023
4,400 
Charge for the year
2,200 
At 31 January 2024
6,600 
Net book value
At 31 January 2024
4,400 
At 31 January 2023
6,600 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
4,613 
42,950 
1,560 
49,123 
Additions
273 
4,250 
- 
4,523 
At 31 January 2024
4,886 
47,200 
1,560 
53,646 
Depreciation
At 1 February 2023
1,135 
9,180 
571 
10,886 
Charge for the year
938 
9,505 
330 
10,773 
At 31 January 2024
2,073 
18,685 
901 
21,659 
Net book value
At 31 January 2024
2,813 
28,515 
659 
31,987 
At 31 January 2023
3,478 
33,770 
989 
38,237 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
160 
480 
Other debtors
13,185 
16,501 
13,345 
16,981 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(1,337)
2,266 
Obligations under finance leases and hire purchase contracts
4,597 
4,270 
Taxes and social security
5,943 
- 
Other creditors
1,004 
- 
Accruals
1,100 
775 
11,307 
7,311 
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Bedwells Ltd Notes to the Accounts for the year ended 31 January 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,071 
26,668 
Loans from directors
9 
3,995 
22,080 
30,663 
9
Loans to directors
During the year the company maintained a loan account with its director(s) Mr. Shane Robert Bedwell. As at the year end date the company owed its director Mr. Shane Robert Bedwell £9 (2023 - £3,995).
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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