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REGISTERED NUMBER: 09825256 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

J & R Bell Limited

J & R Bell Limited (Registered number: 09825256)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & R Bell Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Bell
Mr J C Bell





REGISTERED OFFICE: Ullard Hall Farm
Toft
Knutsford
Cheshire
WA16 9PL





REGISTERED NUMBER: 09825256 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

J & R Bell Limited (Registered number: 09825256)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,156 73,513

CURRENT ASSETS
Stocks 300,700 353,760
Debtors 5 251,116 222,191
Cash at bank 20,689 109,487
572,505 685,438
CREDITORS
Amounts falling due within one year 6 275,633 442,287
NET CURRENT ASSETS 296,872 243,151
TOTAL ASSETS LESS CURRENT LIABILITIES 392,028 316,664

CREDITORS
Amounts falling due after more than one
year

7

(33,500

)

(38,889

)

PROVISIONS FOR LIABILITIES (20,967 ) (12,068 )
NET ASSETS 337,561 265,707

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 337,461 265,607
SHAREHOLDERS' FUNDS 337,561 265,707

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 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.

J & R Bell Limited (Registered number: 09825256)

Balance Sheet - 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 Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:




Mr J C Bell - Director



Mr R Bell - Director


J & R Bell Limited (Registered number: 09825256)

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

1. STATUTORY INFORMATION

J & R Bell 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.
Plant and machinery - 15% on 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 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.

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 9 (2023 - 9 ) .

J & R Bell Limited (Registered number: 09825256)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023 - 146,585 146,585
Additions 16,033 19,573 35,606
At 31 March 2024 16,033 166,158 182,191
DEPRECIATION
At 1 April 2023 - 73,072 73,072
Charge for year - 13,963 13,963
At 31 March 2024 - 87,035 87,035
NET BOOK VALUE
At 31 March 2024 16,033 79,123 95,156
At 31 March 2023 - 73,513 73,513

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 178,730 185,021
Other debtors 72,386 37,170
251,116 222,191

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,050 5,556
Trade creditors 69,451 132,782
Taxation and social security 24,147 28,127
Other creditors 171,985 275,822
275,633 442,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans 33,500 38,889

J & R Bell Limited (Registered number: 09825256)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank overdraft 4,578 -
Bank loans 38,972 44,445
43,550 44,445

9. RELATED PARTY DISCLOSURES

At the year end the company owed the directors £36,214 (2023 - £35,881). This loan is unsecured and repayable on demand.

The directors of the company are also partners in a farming partnership, J C Bell.

At the year end the company owed the partnership £62,778 (2023 - £237,530). The movement on the loan is at a commercial rate however no interest was charged during the year.