Company Registration No. 11796946 (England and Wales)
Bedwells Ltd
Unaudited accounts
for the year ended 31 January 2024
Bedwells Ltd
Unaudited accounts
Contents
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
Bedwells Ltd
Statement of financial position
as at 31 January 2024
Intangible assets
4,400
6,600
Tangible assets
31,987
38,237
Cash at bank and in hand
7,007
6,151
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)
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
Bedwells Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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 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.
Bedwells Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill
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
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
At 31 January 2024
2,813
28,515
659
31,987
At 31 January 2023
3,478
33,770
989
38,237
Amounts falling due within one year
Other debtors
13,185
16,501
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,597
4,270
Taxes and social security
5,943
-
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
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).