Company Registration No. SC244704 (Scotland)
Bellfield Motor Company Ltd
Unaudited accounts
for the year ended 31 May 2024
Bellfield Motor Company Ltd
Unaudited accounts
Contents
Bellfield Motor Company Ltd
Company Information
for the year ended 31 May 2024
Company Number
SC244704 (Scotland)
Registered Office
Unit 5 Almondgrove Place
Inveralmond Industrial Estate
Perth
PH1 3TR
United kingdom
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
Bellfield Motor Company Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
15,315
75,801
Cash at bank and in hand
122,104
47,435
Creditors: amounts falling due within one year
(155,421)
(154,650)
Net current assets
474
197,340
Total assets less current liabilities
15,789
273,141
Creditors: amounts falling due after more than one year
(15,786)
(25,621)
Called up share capital
2
2
Profit and loss account
1
247,518
Shareholders' funds
3
247,520
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2024 and were signed on its behalf by
Craig Smith
Director
Company Registration No. SC244704
Bellfield Motor Company Ltd
Notes to the Accounts
for the year ended 31 May 2024
Bellfield Motor Company Ltd is a private company, limited by shares, registered in Scotland, registration number SC244704. The registered office is Unit 5 Almondgrove Place, Inveralmond Industrial Estate, Perth, PH1 3TR, United kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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 accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
60,333
67,630
8,800
136,763
Transfer to investment property
(60,333)
-
-
(60,333)
At 31 May 2024
-
71,554
8,800
80,354
At 1 June 2023
-
56,137
4,825
60,962
Charge for the year
-
3,083
994
4,077
At 31 May 2024
-
59,220
5,819
65,039
At 31 May 2024
-
12,334
2,981
15,315
At 31 May 2023
60,333
11,493
3,975
75,801
Bellfield Motor Company Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
27,777
9,710
Accrued income and prepayments
4,864
4,435
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
23,192
17,538
Amounts owed to group undertakings and other participating interests
7,884
-
Taxes and social security
12,037
13,411
Loans from directors
-
99,054
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).