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REGISTERED NUMBER: 10303611 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

Belmont Bakery Machinery Limited

Belmont Bakery Machinery Limited (Registered number: 10303611)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Belmont Bakery Machinery Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P Yates





REGISTERED OFFICE: 70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ





REGISTERED NUMBER: 10303611 (England and Wales)





ACCOUNTANTS: Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Belmont Bakery Machinery Limited (Registered number: 10303611)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,606 31,209

CURRENT ASSETS
Stocks 111,000 46,000
Debtors 5 42,013 134,283
Cash at bank 566,327 213,538
719,340 393,821
CREDITORS
Amounts falling due within one year 6 136,204 92,544
NET CURRENT ASSETS 583,136 301,277
TOTAL ASSETS LESS CURRENT LIABILITIES 609,742 332,486

PROVISIONS FOR LIABILITIES 6,652 -
NET ASSETS 603,090 332,486

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 603,089 332,485
603,090 332,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Belmont Bakery Machinery Limited (Registered number: 10303611)

Statement of Financial Position - continued
31 March 2024


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 director and authorised for issue on 15 April 2024 and were signed by:





P Yates - Director


Belmont Bakery Machinery Limited (Registered number: 10303611)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Belmont Bakery Machinery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Belmont Bakery Machinery Limited (Registered number: 10303611)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 55,337 10,456 7,368 73,161
Additions - - 1,584 1,584
At 31 March 2024 55,337 10,456 8,952 74,745
DEPRECIATION
At 1 April 2023 28,904 8,492 4,556 41,952
Charge for year 4,801 491 895 6,187
At 31 March 2024 33,705 8,983 5,451 48,139
NET BOOK VALUE
At 31 March 2024 21,632 1,473 3,501 26,606
At 31 March 2023 26,433 1,964 2,812 31,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,456 24,660
Other debtors 4,557 109,623
42,013 134,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,097 16,987
Taxation and social security 125,710 63,531
Other creditors 8,397 12,026
136,204 92,544

Belmont Bakery Machinery Limited (Registered number: 10303611)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company paid rents of £60,000 (2023:£60,000) to P Yates for the rental of industrial units. These rents were charged at normal commercial rates.
During the year the company made defined contributions of £60,000 (2023:£40,000) into the pension fund of P Yates. These payments were made on normal commercial terms.

8. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of P Yates by virtue of his shareholding and directorship.