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REGISTERED NUMBER: 08270636 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BELBANK CONTRACT SERVICES LIMITED

BELBANK CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 08270636)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BELBANK CONTRACT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J J Kinchin





REGISTERED OFFICE: The Old Court House
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY





REGISTERED NUMBER: 08270636 (England and Wales)





ACCOUNTANTS: Paul Dawson & Co Limited
The Old Courthouse
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY

BELBANK CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 08270636)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,179 3,559

CURRENT ASSETS
Stocks 5 8,150 6,450
Debtors 6 67,894 98,447
Cash at bank 55,076 107,300
131,120 212,197
CREDITORS
Amounts falling due within one year 7 93,872 161,194
NET CURRENT ASSETS 37,248 51,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,427

54,562

CREDITORS
Amounts falling due after more than one
year

8

14,000

22,000
NET ASSETS 27,427 32,562

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 27,227 32,362
SHAREHOLDERS' FUNDS 27,427 32,562

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2024 and were signed by:




J J Kinchin - Director


BELBANK CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 08270636)

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


1. STATUTORY INFORMATION

Belbank Contract Services 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 & Machinery 25% reducing balance
Equipment 25% reducing balance
Motor Vehicles 25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023 10,912 8,571 5,145 24,628
Additions 2,400 - - 2,400
Disposals - - (5,145 ) (5,145 )
At 31 December 2023 13,312 8,571 - 21,883
DEPRECIATION
At 1 January 2023 9,865 6,446 4,758 21,069
Charge for year 862 531 - 1,393
Eliminated on disposal - - (4,758 ) (4,758 )
At 31 December 2023 10,727 6,977 - 17,704
NET BOOK VALUE
At 31 December 2023 2,585 1,594 - 4,179
At 31 December 2022 1,047 2,125 387 3,559

BELBANK CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 08270636)

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


5. STOCKS
2023 2022
£    £   
Work-in-progress 8,150 6,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 88,359
Directors' current accounts 60,430 -
VAT 7,464 10,088
67,894 98,447

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 76,842 132,988
Taxation and social security 7,530 19,826
Other creditors 9,500 8,380
93,872 161,194

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 14,000 22,000