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Company registration number: 06816636
Bell Park Kerridge Limited
Unaudited filleted financial accounts
For the year ended
31 March 2024
Bell Park Kerridge Limited
Contents
Statement of financial position
Notes to the financial accounts
Bell Park Kerridge Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 75,000 90,000
Tangible assets 5 58,130 49,442
________ ________
133,130 139,442
Current assets
Stocks 1,000 1,000
Debtors 6 819,467 760,050
Cash at bank and in hand 157,844 202,230
________ ________
978,311 963,280
Creditors: amounts falling due
within one year 7 ( 547,604) ( 583,675)
________ ________
Net current assets 430,707 379,605
________ ________
Total assets less current liabilities 563,837 519,047
Creditors: amounts falling due
after more than one year 8 ( 11,667) ( 21,667)
Provisions for liabilities
Deferred taxation ( 7,231) ( 4,223)
________ ________
Net assets 544,939 493,157
________ ________
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 534,939 483,157
________ ________
Shareholders funds 544,939 493,157
________ ________
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial accounts for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial accounts.
These financial accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial accounts were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr J Bell Mr D G Carter
Director Director
Company registration number: 06816636
Bell Park Kerridge Limited
Notes to the financial accounts
Year ended 31 March 2024
1. Accounting policies
Statutory information
Bell Park Kerridge Limited is a private company, limited by shares, domiciled in England and Wales, registration number 06816636 . The registered office is Clifford Court, Cooper Way, Parkhouse, CA3 0JG.
Basis of preparation
These financial accounts have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006'. 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 financial statements.
Turnover
Turnover consists of the sales value, excluding VAT, of all work done in the period under contracts to supply goods and services to third parties. It includes the relevant proportion of contract values where work is partially performed in the period.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible fixed assets are included at cost less depreciation and impairment.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - 10 % reducing balance
Plant and machinery - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash- generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences.
Financial instruments
Basic financial instruments are recognised at amortised cost.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in comprehensive income when due.
2. Operating profit
Operating profit is stated after charging/(crediting):
2024 2023
£ £
Amortisation of intangible assets 15,000 15,000
Depreciation of tangible assets 13,100 9,488
(Gain)/loss on disposal of tangible assets 2,860 -
Impairment of trade debtors 14,702 (930)
Operating lease rentals 91,000 91,000
________ ________
3. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2023: 24 ).
4. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2023 and 31 March 2024 300,000 300,000
________ ________
Amortisation
At 1 April 2023 210,000 210,000
Charge for the year 15,000 15,000
________ ________
At 31 March 2024 225,000 225,000
________ ________
Carrying amount
At 31 March 2024 75,000 75,000
________ ________
At 31 March 2023 90,000 90,000
________ ________
5. Tangible assets
Long leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 93,048 73,676 12,000 178,724
Additions - 24,648 - 24,648
Disposals - ( 22,552) - (22,552)
________ ________ ________ ________
At 31 March 2024 93,048 75,772 12,000 180,820
________ ________ ________ ________
Depreciation
At 1 April 2023 61,572 56,611 11,099 129,282
Charge for the year 3,148 9,727 225 13,100
Disposals - ( 19,692) - (19,692)
________ ________ ________ ________
At 31 March 2024 64,720 46,646 11,324 122,690
________ ________ ________ ________
Carrying amount
At 31 March 2024 28,328 29,126 676 58,130
________ ________ ________ ________
At 31 March 2023 31,476 17,065 901 49,442
________ ________ ________ ________
6. Debtors
2024 2023
£ £
Trade debtors 385,313 441,885
Other debtors 434,154 318,165
________ ________
819,467 760,050
________ ________
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 75,000 79,467
Trade creditors 9,581 2,423
Taxation and social security 221,532 186,021
Other creditors 241,491 315,764
________ ________
547,604 583,675
________ ________
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 11,667 21,667
________ ________