Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-31false2023-04-01falseNo description of principal activity2425truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02328379 2023-04-01 2024-03-31 02328379 2022-04-01 2023-03-31 02328379 2024-03-31 02328379 2023-03-31 02328379 2022-04-01 02328379 c:Director2 2023-04-01 2024-03-31 02328379 c:Director3 2023-04-01 2024-03-31 02328379 c:RegisteredOffice 2023-04-01 2024-03-31 02328379 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 02328379 d:Buildings d:LongLeaseholdAssets 2024-03-31 02328379 d:Buildings d:LongLeaseholdAssets 2023-03-31 02328379 d:PlantMachinery 2023-04-01 2024-03-31 02328379 d:PlantMachinery 2024-03-31 02328379 d:PlantMachinery 2023-03-31 02328379 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02328379 d:FurnitureFittings 2023-04-01 2024-03-31 02328379 d:FurnitureFittings 2024-03-31 02328379 d:FurnitureFittings 2023-03-31 02328379 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02328379 d:OfficeEquipment 2023-04-01 2024-03-31 02328379 d:OfficeEquipment 2024-03-31 02328379 d:OfficeEquipment 2023-03-31 02328379 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02328379 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02328379 d:CurrentFinancialInstruments 2024-03-31 02328379 d:CurrentFinancialInstruments 2023-03-31 02328379 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02328379 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02328379 d:ShareCapital 2024-03-31 02328379 d:ShareCapital 2023-03-31 02328379 d:SharePremium 2024-03-31 02328379 d:SharePremium 2023-03-31 02328379 d:RetainedEarningsAccumulatedLosses 2024-03-31 02328379 d:RetainedEarningsAccumulatedLosses 2023-03-31 02328379 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02328379 c:OrdinaryShareClass1 2024-03-31 02328379 c:OrdinaryShareClass1 2023-03-31 02328379 c:FRS102 2023-04-01 2024-03-31 02328379 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02328379 c:FullAccounts 2023-04-01 2024-03-31 02328379 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02328379 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02328379 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02328379 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02328379










JOHN BELLMAN LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




















 
JOHN BELLMAN LIMITED
 
 
Company Information


Directors
W Pasfield 
A Penfold 




Registered number
02328379



Registered office
New Pound
Wisborough Green

Nr. Billingshurt

West Sussex

RH14 0AZ





 
JOHN BELLMAN LIMITED
Registered number: 02328379

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
125,874
66,296

  
125,874
66,296

Current assets
  

Debtors: amounts falling due within one year
 5 
752,411
658,175

Cash at bank and in hand
 6 
742,602
808,466

  
1,495,013
1,466,641

Creditors: amounts falling due within one year
 7 
(875,505)
(899,964)

Net current assets
  
 
 
619,508
 
 
566,677

Total assets less current liabilities
  
745,382
632,973

Provisions for liabilities
  

Deferred tax
 8 
(28,444)
(13,094)

  
 
 
(28,444)
 
 
(13,094)

Net assets
  
716,938
619,879


Capital and reserves
  

Called up share capital 
 9 
125
125

Share premium account
  
9,975
9,975

Profit And Loss Account
  
706,838
609,779

  
716,938
619,879


Page 1

 
JOHN BELLMAN LIMITED
Registered number: 02328379
    
Balance Sheet (continued)
As at 31 March 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 January 2025.




A Penfold
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JOHN BELLMAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

John Bellman Limited is a private company limited by share capital, incorporated in England and Wales, registration number 02328379. The address of the registered office is New Pound, Wisborough Green, Nr. Billingshurst, West Sussex, RH14 0AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
JOHN BELLMAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Buyers premium
A premium is charged on the hammer price and is due on lots sold, this is recognised on the date of the sale. Premiums from catalogue and internet sales, which are charged on the sale price, are also included within this figure.
Online surcharge fee
Fees are charged to all buyers who purchase lots through an internet auction platform, this revenue is recognised on the date of the transaction.
Catalogue sales
Revenues from the sale of catalogues are recognised at the point of sale. Revenues from annual subscriptions are recognised when the catalogues are transferred to these customers. Charges to sellers for the inclusion of lots in catalogues are recognised are the point of the distribution of that catalogue. 
Vendors commission
A vendors commission charge is applicable for every lot sold at auction, revenue is recognised at the date of the auction.
Lotting fees
Fees are charged upon the successful sale, the revenue is recognised on the date of successful sale through an auction. Lotting fees are debited if items are withdrawn or non-sold.
Valuations
These are fees due for the provision of probate and insurance valuations, revenue is recognised upon the completition of the valuation.
 

Page 4

 
JOHN BELLMAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed below.

Depreciation is provided on the following basis:

Long-term leasehold property
-
25%
straight line method
Plant and machinery
-
25%
reducing balance method
Fixtures and fittings
-
25%
reducing balance method
Office equipment
-
25%
reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
JOHN BELLMAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 24 (2023 - 25).

Page 6

 
JOHN BELLMAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
27,609
179,121
186,569
181,092
574,391


Additions
85,246
-
-
16,288
101,534



At 31 March 2024

112,855
179,121
186,569
197,380
675,925



Depreciation


At 1 April 2023
27,609
176,911
161,111
142,463
508,094


Charge for the year on owned assets
21,311
553
6,364
13,729
41,957



At 31 March 2024

48,920
177,464
167,475
156,192
550,051



Net book value



At 31 March 2024
63,935
1,657
19,094
41,188
125,874



At 31 March 2023
-
2,210
25,458
38,630
66,298


5.


Debtors

2024
2023
£
£


Trade debtors
633,523
639,082

Other debtors
118,888
19,093

752,411
658,175


Page 7

 
JOHN BELLMAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
742,602
808,466

742,602
808,466



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
157,239
59,810

Corporation tax
19,772
31,260

Other taxation and social security
71,901
83,191

Other creditors
626,593
725,703

875,505
899,964



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(13,094)
(12,803)


Charged to profit or loss
(15,350)
(291)



At end of year
(28,444)
(13,094)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(28,444)
(13,094)

Page 8

 
JOHN BELLMAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



125 (2023 - 125) Ordinary shares of £1.00 each
125
125



10.


Related party transactions

At the year end, the company was owed £3,120 (2023: £3,395) by the directors. 
During the year the shareholders purchased goods from the company to the value of £17,980 (2023: £27,960).

 
Page 9