Registered number
00984152
Bells Builders Merchants (Dulwich) Limited
Filleted Accounts
31 May 2024
Bells Builders Merchants (Dulwich) Limited
Registered number: 00984152
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,342 27,781
Current assets
Stocks 142,974 136,845
Debtors 4 12,609 7,340
Cash at bank and in hand 140,037 261,057
295,620 405,242
Creditors: amounts falling due within one year 5 (139,285) (244,404)
Net current assets 156,335 160,838
Net assets 183,677 188,619
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 173,677 178,619
Shareholders' funds 183,677 188,619
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N A Bell
Director
Approved by the board on 17 February 2025
Bells Builders Merchants (Dulwich) Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance/20% straight line
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company
including directors 8 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 94,826 56,920 151,746
Additions 8,980 - 8,980
Disposals - (18,750) (18,750)
At 31 May 2024 103,806 38,170 141,976
Depreciation
At 1 June 2023 89,535 34,430 123,965
Charge for the year 2,653 5,622 8,275
On disposals - (17,606) (17,606)
At 31 May 2024 92,188 22,446 114,634
Net book value
At 31 May 2024 11,618 15,724 27,342
At 31 May 2023 5,291 22,490 27,781
4 Debtors 2024 2023
£ £
Trade debtors 490 1,348
Other debtors 12,119 5,992
12,609 7,340
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,833 30,833
Trade creditors 96,704 177,507
Taxation and social security costs 23,215 29,820
Other creditors 3,533 6,244
139,285 244,404
6 Other information
Bells Builders Merchants (Dulwich) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kempston
Mill Hill
Edenbridge
Kent
TN8 5DQ
The business operates from:
169-171 Lordship Lane
East Dulwich
London
SE22 8HY
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