2023-04-012024-03-312024-03-31false04687929FIVE BELLS (BASSINGHAM) LIMITED2024-09-0656101iso4217:GBPxbrli:pure046879292023-04-01046879292024-03-31046879292023-04-012024-03-31046879292022-04-01046879292023-03-31046879292022-04-012023-03-3104687929bus:SmallEntities2023-04-012024-03-3104687929bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3104687929bus:AbridgedAccounts2023-04-012024-03-3104687929bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104687929core:WithinOneYear2024-03-3104687929core:AfterOneYear2024-03-3104687929core:WithinOneYear2023-03-3104687929core:AfterOneYear2023-03-3104687929core:ShareCapital2024-03-3104687929core:SharePremium2024-03-3104687929core:RevaluationReserve2024-03-3104687929core:OtherReservesSubtotal2024-03-3104687929core:RetainedEarningsAccumulatedLosses2024-03-3104687929core:ShareCapital2023-03-3104687929core:SharePremium2023-03-3104687929core:RevaluationReserve2023-03-3104687929core:OtherReservesSubtotal2023-03-3104687929core:RetainedEarningsAccumulatedLosses2023-03-3104687929core:LandBuildings2024-03-3104687929core:PlantMachinery2024-03-3104687929core:Vehicles2024-03-3104687929core:FurnitureFittings2024-03-3104687929core:OfficeEquipment2024-03-3104687929core:NetGoodwill2024-03-3104687929core:IntangibleAssetsOtherThanGoodwill2024-03-3104687929core:ListedExchangeTraded2024-03-3104687929core:UnlistedNon-exchangeTraded2024-03-3104687929core:LandBuildings2023-03-3104687929core:PlantMachinery2023-03-3104687929core:Vehicles2023-03-3104687929core:FurnitureFittings2023-03-3104687929core:OfficeEquipment2023-03-3104687929core:NetGoodwill2023-03-3104687929core:IntangibleAssetsOtherThanGoodwill2023-03-3104687929core:ListedExchangeTraded2023-03-3104687929core:UnlistedNon-exchangeTraded2023-03-3104687929core:LandBuildings2023-04-012024-03-3104687929core:PlantMachinery2023-04-012024-03-3104687929core:Vehicles2023-04-012024-03-3104687929core:FurnitureFittings2023-04-012024-03-3104687929core:OfficeEquipment2023-04-012024-03-3104687929core:NetGoodwill2023-04-012024-03-3104687929core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104687929core:ListedExchangeTraded2023-04-012024-03-3104687929core:UnlistedNon-exchangeTraded2023-04-012024-03-3104687929core:MoreThanFiveYears2023-04-012024-03-3104687929core:Non-currentFinancialInstruments2024-03-3104687929core:Non-currentFinancialInstruments2023-03-3104687929dpl:CostSales2023-04-012024-03-3104687929dpl:DistributionCosts2023-04-012024-03-3104687929core:LandBuildings2023-04-012024-03-3104687929core:PlantMachinery2023-04-012024-03-3104687929core:Vehicles2023-04-012024-03-3104687929core:FurnitureFittings2023-04-012024-03-3104687929core:OfficeEquipment2023-04-012024-03-3104687929dpl:AdministrativeExpenses2023-04-012024-03-3104687929core:NetGoodwill2023-04-012024-03-3104687929core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104687929dpl:GroupUndertakings2023-04-012024-03-3104687929dpl:ParticipatingInterests2023-04-012024-03-3104687929dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3104687929core:ListedExchangeTraded2023-04-012024-03-3104687929dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3104687929core:UnlistedNon-exchangeTraded2023-04-012024-03-3104687929dpl:CostSales2022-04-012023-03-3104687929dpl:DistributionCosts2022-04-012023-03-3104687929core:LandBuildings2022-04-012023-03-3104687929core:PlantMachinery2022-04-012023-03-3104687929core:Vehicles2022-04-012023-03-3104687929core:FurnitureFittings2022-04-012023-03-3104687929core:OfficeEquipment2022-04-012023-03-3104687929dpl:AdministrativeExpenses2022-04-012023-03-3104687929core:NetGoodwill2022-04-012023-03-3104687929core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104687929dpl:GroupUndertakings2022-04-012023-03-3104687929dpl:ParticipatingInterests2022-04-012023-03-3104687929dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104687929core:ListedExchangeTraded2022-04-012023-03-3104687929dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104687929core:UnlistedNon-exchangeTraded2022-04-012023-03-3104687929core:NetGoodwill2024-03-3104687929core:IntangibleAssetsOtherThanGoodwill2024-03-3104687929core:LandBuildings2024-03-3104687929core:PlantMachinery2024-03-3104687929core:Vehicles2024-03-3104687929core:FurnitureFittings2024-03-3104687929core:OfficeEquipment2024-03-3104687929core:AfterOneYear2024-03-3104687929core:WithinOneYear2024-03-3104687929core:ListedExchangeTraded2024-03-3104687929core:UnlistedNon-exchangeTraded2024-03-3104687929core:ShareCapital2024-03-3104687929core:SharePremium2024-03-3104687929core:RevaluationReserve2024-03-3104687929core:OtherReservesSubtotal2024-03-3104687929core:RetainedEarningsAccumulatedLosses2024-03-3104687929core:NetGoodwill2023-03-3104687929core:IntangibleAssetsOtherThanGoodwill2023-03-3104687929core:LandBuildings2023-03-3104687929core:PlantMachinery2023-03-3104687929core:Vehicles2023-03-3104687929core:FurnitureFittings2023-03-3104687929core:OfficeEquipment2023-03-3104687929core:AfterOneYear2023-03-3104687929core:WithinOneYear2023-03-3104687929core:L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FIVE BELLS (BASSINGHAM) LIMITED

Registered Number
04687929
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FIVE BELLS (BASSINGHAM) LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

GOVIER, Adrian David Hugh
GOVIER, Diane

Company Secretary

GOVIER, Diane

Registered Address

17 High Street Bassingham
Lincoln
LN5 9JZ

Registered Number

04687929 (England and Wales)
FIVE BELLS (BASSINGHAM) LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets437,86936,679
37,86936,679
Current assets
Stocks11,63013,241
Debtors5258,19453,495
Cash at bank and on hand227,071274,593
496,895341,329
Creditors amounts falling due within one year6(212,467)(158,694)
Net current assets (liabilities)284,428182,635
Total assets less current liabilities322,297219,314
Provisions for liabilities(9,189)(8,830)
Net assets313,108210,484
Capital and reserves
Called up share capital33
Profit and loss account313,105210,481
Shareholders' funds313,108210,484
The financial statements were approved and authorised for issue by the Board of Directors on 6 September 2024, and are signed on its behalf by:
GOVIER, Adrian David Hugh
Director
GOVIER, Diane
Director

Registered Company No. 04687929
FIVE BELLS (BASSINGHAM) LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
Five Bells (Bassingham) 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.
Basis of preparation
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 policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Employee benefits
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Current taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Depreciation is provide at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost and 15% on reducing balance
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items
Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at transaction price. Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.
2.Average number of employees

20242023
Average number of employees during the year2125
3.Intangible assets

Total

£
Cost or valuation
At 01 April 2330,000
At 31 March 2430,000
Amortisation and impairment
At 01 April 2330,000
At 31 March 2430,000
Net book value
At 31 March 24-
At 31 March 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23175,180
Additions7,654
At 31 March 24182,834
Depreciation and impairment
At 01 April 23138,502
Charge for year6,463
At 31 March 24144,965
Net book value
At 31 March 2437,869
At 31 March 2336,679
5.Debtors: amounts due within one year

2024

2023

££
Other debtors258,19453,232
Prepayments and accrued income-263
Total258,19453,495
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables34,86421,951
Taxation and social security163,956125,113
Other creditors11,10811,630
Accrued liabilities and deferred income2,539-
Total212,467158,694
7.Secured creditors
The company bankers, NatWest hold a fixed and floating charge over the assets of the company.
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
GOVIER, Adrian David Hugh26,616137,69694,64869,664
GOVIER, Diane26,616137,69694,64869,664
53,232275,392189,296139,328
The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023: