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REGISTERED NUMBER: NI678899 (Northern Ireland)















GRAHAM BELL & SON LTD

Unaudited Financial Statements for the Year Ended 30 April 2024






GRAHAM BELL & SON LTD (REGISTERED NUMBER: NI678899)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRAHAM BELL & SON LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Graham Bell
Rosaleen Bell





REGISTERED OFFICE: 24b Balunasollus Road
Cookstown
Tyrone
BT80 9QT





REGISTERED NUMBER: NI678899 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

GRAHAM BELL & SON LTD (REGISTERED NUMBER: NI678899)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 35,000 40,000
Property, plant and equipment 6 253,092 295,276
288,092 335,276

CURRENT ASSETS
Receivables: amounts falling due within
one year

7

75,482

102,831
Cash at bank 85,752 69,229
161,234 172,060
PAYABLES
Amounts falling due within one year 8 (158,864 ) (181,427 )
NET CURRENT ASSETS/(LIABILITIES) 2,370 (9,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,462

325,909

PAYABLES
Amounts falling due after more than
one year

9

(111,993

)

(174,285

)
NET ASSETS 178,469 151,624

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 95,106 114,988
Retained earnings 83,353 36,626
178,469 151,624

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 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.

GRAHAM BELL & SON LTD (REGISTERED NUMBER: NI678899)

Statement of Financial Position - continued
30 APRIL 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 4 November 2024 and were signed on its behalf by:





Graham Bell - Director


GRAHAM BELL & SON LTD (REGISTERED NUMBER: NI678899)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Graham Bell & Son Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets, including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 25% reducing balance

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

GRAHAM BELL & SON LTD (REGISTERED NUMBER: NI678899)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 50,000
AMORTISATION
At 1 May 2023 10,000
Amortisation for year 5,000
At 30 April 2024 15,000
NET BOOK VALUE
At 30 April 2024 35,000
At 30 April 2023 40,000

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 May 2023 424,865 705 425,570
Additions 31,550 - 31,550
Disposals (23,237 ) - (23,237 )
At 30 April 2024 433,178 705 433,883
DEPRECIATION
At 1 May 2023 129,986 308 130,294
Charge for year 58,763 99 58,862
Eliminated on disposal (8,365 ) - (8,365 )
At 30 April 2024 180,384 407 180,791
NET BOOK VALUE
At 30 April 2024 252,794 298 253,092
At 30 April 2023 294,879 397 295,276

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 75,482 102,831

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,906 9,664
Hire purchase contracts 59,909 60,593
Trade payables 33,287 19,458
Taxation and social security 27,493 21,089
Other payables 28,269 70,623
158,864 181,427

GRAHAM BELL & SON LTD (REGISTERED NUMBER: NI678899)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 13,307 23,455
Hire purchase contracts 98,686 150,830
111,993 174,285

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 158,595 211,423

Hire purchase liabilities are secured against the asset to which they relate.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a balance of £33,519 (2023: £46,745) was due to the Directors in respect of monies advanced to the company.