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REGISTERED NUMBER: 05241848 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BELL CORNWALL ASSOCIATES LIMITED

BELL CORNWALL ASSOCIATES LIMITED (REGISTERED NUMBER: 05241848)

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


BELL CORNWALL ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr J M Cornwall





REGISTERED OFFICE: 67 Lancaster House
67 Newhall Street
Birmingham
B3 1NQ





REGISTERED NUMBER: 05241848 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

BELL CORNWALL ASSOCIATES LIMITED (REGISTERED NUMBER: 05241848)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 12,547 15,251

Current assets
Debtors 5 107,894 148,829
Cash at bank 97,788 185,932
205,682 334,761
Creditors
Amounts falling due within one year 6 51,800 124,490
Net current assets 153,882 210,271
Total assets less current liabilities 166,429 225,522

Creditors
Amounts falling due after more than one
year

7

(20,015

)

(26,880

)

Provisions for liabilities (3,137 ) (2,898 )
Net assets 143,277 195,744

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 142,277 194,744
Shareholders' funds 143,277 195,744

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 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.

BELL CORNWALL ASSOCIATES LIMITED (REGISTERED NUMBER: 05241848)

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 director and authorised for issue on 18 September 2024 and were signed by:





Mr J M Cornwall - Director


BELL CORNWALL ASSOCIATES LIMITED (REGISTERED NUMBER: 05241848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Bell Cornwall Associates 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and in accordance with the property

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.

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.

BELL CORNWALL ASSOCIATES LIMITED (REGISTERED NUMBER: 05241848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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 6 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 79,032
Additions 433
At 31 December 2023 79,465
DEPRECIATION
At 1 January 2023 63,781
Charge for year 3,137
At 31 December 2023 66,918
NET BOOK VALUE
At 31 December 2023 12,547
At 31 December 2022 15,251

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 65,372 110,379
Amounts owed by group undertakings 7,372 6,512
Other debtors 35,150 31,938
107,894 148,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,203 10,084
Trade creditors 8,379 57,203
Taxation and social security 24,348 48,143
Other creditors 8,870 9,060
51,800 124,490

BELL CORNWALL ASSOCIATES LIMITED (REGISTERED NUMBER: 05241848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,015 26,880

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 45,522 48,744
Between one and five years 10,575 56,097
56,097 104,841

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr J M Cornwall
Balance outstanding at start of year - -
Amounts advanced 645 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 645 -

11. RELATED PARTY DISCLOSURES

At the year end, the director owed the company £645 (2022: the company owed the director £190). These loans are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

Team Cornwall Limited is regarded by the director as being the company's ultimate parent company. Team Cornwall Limited's registered office is Lancaster House, 67 Newhall Street, Birmingham, B3 1NQ.

The director, Mr J Cornwall, owns 90% of the share capital of Team Cornwall Limited.