IRIS Accounts Production v24.2.0.383 02892651 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028926512022-12-31028926512023-12-31028926512023-01-012023-12-31028926512021-12-31028926512022-01-012022-12-31028926512022-12-3102892651ns15:EnglandWales2023-01-012023-12-3102892651ns14:PoundSterling2023-01-012023-12-3102892651ns10:Director12023-01-012023-12-3102892651ns10:Director22023-01-012023-12-3102892651ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102892651ns10:SmallEntities2023-01-012023-12-3102892651ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102892651ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102892651ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102892651ns10:FullAccounts2023-01-012023-12-3102892651ns10:RegisteredOffice2023-01-012023-12-3102892651ns5:CurrentFinancialInstruments2023-12-3102892651ns5:CurrentFinancialInstruments2022-12-3102892651ns5:Non-currentFinancialInstruments2023-12-3102892651ns5:Non-currentFinancialInstruments2022-12-3102892651ns5:ShareCapital2023-12-3102892651ns5:ShareCapital2022-12-3102892651ns5:SharePremium2023-12-3102892651ns5:SharePremium2022-12-3102892651ns5:CapitalRedemptionReserve2023-12-3102892651ns5:CapitalRedemptionReserve2022-12-3102892651ns5:RetainedEarningsAccumulatedLosses2023-12-3102892651ns5:RetainedEarningsAccumulatedLosses2022-12-3102892651ns5:PlantMachinery2023-01-012023-12-3102892651ns5:PlantMachinery2022-12-3102892651ns5:PlantMachinery2023-12-3102892651ns5:PlantMachinery2022-12-3102892651ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3102892651ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3102892651ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3102892651ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3102892651ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102892651ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 02892651 (England and Wales)

























Financial Statements

for the Year Ended 31 December 2023

for

Bellamet (UK) Limited

Bellamet (UK) Limited (Registered number: 02892651)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bellamet (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Pratt
N M Witts





REGISTERED OFFICE: Unit 4
Carnegie Road
Porte Marsh Industrial Estate
Calne
Wiltshire
SN11 9PS





REGISTERED NUMBER: 02892651 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Bellamet (UK) Limited (Registered number: 02892651)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 939,056 1,107,488

CURRENT ASSETS
Stocks 173,600 184,000
Debtors 5 204,976 547,408
Cash at bank and in hand 652,749 324,193
1,031,325 1,055,601
CREDITORS
Amounts falling due within one year 6 456,763 495,210
NET CURRENT ASSETS 574,562 560,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,513,618

1,667,879

CREDITORS
Amounts falling due after more than
one year

7

(473,275

)

(673,710

)

PROVISIONS FOR LIABILITIES (153,475 ) (120,156 )
NET ASSETS 886,868 874,013

CAPITAL AND RESERVES
Called up share capital 120 120
Share premium 40,743 40,743
Capital redemption reserve 101 101
Retained earnings 845,904 833,049
SHAREHOLDERS' FUNDS 886,868 874,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bellamet (UK) Limited (Registered number: 02892651)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




A Pratt - Director



N M Witts - Director


Bellamet (UK) Limited (Registered number: 02892651)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bellamet (UK) 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.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

Taxation
Taxation for the year 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 year 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.

Bellamet (UK) Limited (Registered number: 02892651)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 2,603,055
Additions 85,301
Disposals (69,407 )
At 31 December 2023 2,618,949
DEPRECIATION
At 1 January 2023 1,495,567
Charge for year 239,803
Eliminated on disposal (55,477 )
At 31 December 2023 1,679,893
NET BOOK VALUE
At 31 December 2023 939,056
At 31 December 2022 1,107,488

Bellamet (UK) Limited (Registered number: 02892651)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 January 2023 1,361,481
Transfer to ownership (148,000 )
At 31 December 2023 1,213,481
DEPRECIATION
At 1 January 2023 449,560
Charge for year 182,384
Transfer to ownership (109,202 )
At 31 December 2023 522,742
NET BOOK VALUE
At 31 December 2023 690,739
At 31 December 2022 911,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 197,347 498,850
Other debtors 7,629 48,558
204,976 547,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 187,083 278,086
Other creditors 269,680 217,124
456,763 495,210

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 473,275 673,710