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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
Page
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Bellfield Motor Company Ltd Company Information for the year ended 31 May 2024
Director
Craig Smith
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
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Bellfield Motor Company Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,315 
75,801 
Current assets
Inventories
1,150 
290,410 
Debtors
32,641 
14,145 
Cash at bank and in hand
122,104 
47,435 
155,895 
351,990 
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)
Net assets
3 
247,520 
Capital and reserves
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
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Bellfield Motor Company Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
3,924 
- 
3,924 
Transfer to investment property
(60,333)
- 
- 
(60,333)
At 31 May 2024
- 
71,554 
8,800 
80,354 
Depreciation
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 
Net book value
At 31 May 2024
- 
12,334 
2,981 
15,315 
At 31 May 2023
60,333 
11,493 
3,975 
75,801 
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Bellfield Motor Company Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,777 
9,710 
Accrued income and prepayments
4,864 
4,435 
32,641 
14,145 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
28,409 
9,791 
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 
Other creditors
70,774 
- 
Loans from directors
- 
99,054 
Accruals
3,125 
4,856 
155,421 
154,650 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,786 
25,621 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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