Registered number
08471821
Bell's Backline Limited
Unaudited Filleted Financial Statements
For the Year Ended
30 April 2024
Bell's Backline Limited
Registered number: 08471821
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,035 12,379
Current assets
Debtors 4 2,086 3,781
Cash at bank and in hand 4,530 5,537
6,616 9,318
Creditors: amounts falling due within one year 5 (5,242) (4,533)
Net current assets 1,374 4,785
Total assets less current liabilities 17,409 17,164
Provisions for liabilities - deferred tax (2,100) (1,200)
Net assets 15,309 15,964
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,209 15,864
Shareholders' funds 15,309 15,964
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M.D. Bell
Director
Approved by the board on 11 September 2024
Bell's Backline Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors believe the company is experiencing healthy levels of sales and profitability and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office and hire equipment 5 years straight line basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
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 reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company (including directors) during the year 2 2
3 Tangible fixed assets
Hire Equipment Office Equipment Total
£ £ £
Cost
At 1 May 2023 48,185 6,419 54,604
Additions 6,908 2,080 8,988
Disposals (161) - (161)
At 30 April 2024 54,932 8,499 63,431
Depreciation
At 1 May 2023 36,987 5,238 42,225
Charge for the year 4,379 913 5,292
On disposals (121) - (121)
At 30 April 2024 41,245 6,151 47,396
Net book value
At 30 April 2024 13,687 2,348 16,035
At 30 April 2023 11,198 1,181 12,379
4 Debtors 2024 2023
£ £
Trade debtors 483 2,178
Prepayments 1,603 1,603
2,086 3,781
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 936 1,374
Other creditors 1,134 60
Taxation and social security costs 1,827 2,149
Accruals 1,345 950
5,242 4,533
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 1,170 1,170
7 Other information
Bell's Backline Limited is a private company limited by shares and incorporated in England. Its registered office is : 26 Fenay Lea Drive, Waterloo, Huddersfield, West Yorkshire, HD5 8RR.
The financial statements are presented in Sterling, which is the functional currency of the company.
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