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REGISTERED NUMBER: 08902080 (England and Wales)












The Belmore Centre Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






The Belmore Centre Limited (Registered number: 08902080)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


The Belmore Centre Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: J M Goldney





REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Leighton Road
Wingrave
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: 08902080 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

The Belmore Centre Limited (Registered number: 08902080)

Balance Sheet
31 August 2024

31/8/24 31/8/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 44,557 49,698
Tangible assets 5 98,035 128,104
142,592 177,802

CURRENT ASSETS
Stocks 56,239 52,879
Debtors 6 14,783 14,016
Cash at bank and in hand 144,767 13,981
215,789 80,876
CREDITORS
Amounts falling due within one year 7 (190,779 ) (135,995 )
NET CURRENT ASSETS/(LIABILITIES) 25,010 (55,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,602

122,683

PROVISIONS FOR LIABILITIES 8 (24,509 ) (24,340 )
NET ASSETS 143,093 98,343

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 142,893 98,143
SHAREHOLDERS' FUNDS 143,093 98,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

The Belmore Centre Limited (Registered number: 08902080)

Balance Sheet - continued
31 August 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 13 November 2024 and were signed by:





J M Goldney - Director


The Belmore Centre Limited (Registered number: 08902080)

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

1. STATUTORY INFORMATION

The Belmore Centre 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
The company reviews each Goodwill asset separately and amortises them evenly over their estimated useful life. Goodwill is currently being amortised over ten years.

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 - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are originally recognised at cost and reviewed for impairment at the end of each accounting period.

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.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

The Belmore Centre Limited (Registered number: 08902080)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 151,412
AMORTISATION
At 1 September 2023 101,714
Amortisation for year 5,141
At 31 August 2024 106,855
NET BOOK VALUE
At 31 August 2024 44,557
At 31 August 2023 49,698

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 131,030 42,173 16,701 5,068 194,972
Additions 2,693 - - - 2,693
At 31 August 2024 133,723 42,173 16,701 5,068 197,665
DEPRECIATION
At 1 September 2023 42,110 6,524 15,029 3,205 66,868
Charge for year 22,426 8,912 418 1,006 32,762
At 31 August 2024 64,536 15,436 15,447 4,211 99,630
NET BOOK VALUE
At 31 August 2024 69,187 26,737 1,254 857 98,035
At 31 August 2023 88,920 35,649 1,672 1,863 128,104

The Belmore Centre Limited (Registered number: 08902080)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 802 -
Other debtors 13,981 14,016
14,783 14,016

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Payments on account - 473
Trade creditors 1,876 10,551
Tax 50,179 21,951
Social security and other taxes 10,904 5,860
VAT 47,774 36,604
Other creditors 52,498 44,210
Company credit card 7,633 5,636
Directors' current accounts 14,053 7,624
Accruals and deferred income 5,862 3,086
190,779 135,995

As at 31 August 2024 the Directors had made loans to the company totalling £14,053 (2023: £7,624). These loans are included in creditors due inside one year although the directors do not intend to draw down on these funds if it would be detrimental to the company to do so.

The company receives advance payment for courses and for treatments in the form of the sale of gift vouchers. The income is not recognised until the service is provided. The outstanding balance shown within creditors due inside one year at 31 August 2024 was £54,000 (2023: £44,210).

8. PROVISIONS FOR LIABILITIES
31/8/24 31/8/23
£    £   
Deferred tax 24,509 24,340

Deferred
tax
£   
Balance at 1 September 2023 24,340
Provided during year 169
Balance at 31 August 2024 24,509