Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09030102 Mr Jonathan Charles Dick Mrs Emma Catherine Dick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09030102 2023-05-31 09030102 2024-05-31 09030102 2023-06-01 2024-05-31 09030102 frs-core:CurrentFinancialInstruments 2024-05-31 09030102 frs-core:Non-currentFinancialInstruments 2024-05-31 09030102 frs-core:ComputerEquipment 2024-05-31 09030102 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09030102 frs-core:ComputerEquipment 2023-05-31 09030102 frs-core:FurnitureFittings 2024-05-31 09030102 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09030102 frs-core:FurnitureFittings 2023-05-31 09030102 frs-core:NetGoodwill 2024-05-31 09030102 frs-core:NetGoodwill 2023-06-01 2024-05-31 09030102 frs-core:NetGoodwill 2023-05-31 09030102 frs-core:PlantMachinery 2024-05-31 09030102 frs-core:PlantMachinery 2023-06-01 2024-05-31 09030102 frs-core:PlantMachinery 2023-05-31 09030102 frs-core:ShareCapital 2024-05-31 09030102 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09030102 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09030102 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09030102 frs-bus:SmallEntities 2023-06-01 2024-05-31 09030102 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09030102 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09030102 frs-bus:Director1 2023-06-01 2024-05-31 09030102 frs-bus:Director2 2023-06-01 2024-05-31 09030102 frs-countries:EnglandWales 2023-06-01 2024-05-31 09030102 2022-05-31 09030102 2023-05-31 09030102 2022-06-01 2023-05-31 09030102 frs-core:CurrentFinancialInstruments 2023-05-31 09030102 frs-core:Non-currentFinancialInstruments 2023-05-31 09030102 frs-core:ShareCapital 2023-05-31 09030102 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09030102
Bellman & Flint Ltd.
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09030102
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,000
Tangible Assets 5 25,734 7,799
25,734 8,799
CURRENT ASSETS
Stocks 6 44,643 40,265
Debtors 7 8,607 1,865
Cash at bank and in hand 32,836 51,468
86,086 93,598
Creditors: Amounts Falling Due Within One Year 8 (38,668 ) (32,295 )
NET CURRENT ASSETS (LIABILITIES) 47,418 61,303
TOTAL ASSETS LESS CURRENT LIABILITIES 73,152 70,102
Creditors: Amounts Falling Due After More Than One Year 9 (8,203 ) -
NET ASSETS 64,949 70,102
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 64,945 70,098
SHAREHOLDERS' FUNDS 64,949 70,102
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Charles Dick
Director
06/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bellman & Flint Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09030102 . The registered office is Old Green End Farm, 259 Common Road, Kensworth, Bedfordshire, LU6 2PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost
Plant & Machinery 25
Fixtures & Fittings 25
Computer Equipment 33
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
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3. Average Number of Employees
Average number of employees, including directors, during the year was:2 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 10,000
As at 31 May 2024 10,000
Amortisation
As at 1 June 2023 9,000
Provided during the period 1,000
As at 31 May 2024 10,000
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 1,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 23,273 4,124 1,279 28,676
Additions 25,500 - - 25,500
As at 31 May 2024 48,773 4,124 1,279 54,176
Depreciation
As at 1 June 2023 16,921 3,555 401 20,877
Provided during the period 6,828 311 426 7,565
As at 31 May 2024 23,749 3,866 827 28,442
Net Book Value
As at 31 May 2024 25,024 258 452 25,734
As at 1 June 2023 6,352 569 878 7,799
6. Stocks
2024 2023
£ £
Stock 44,643 40,265
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,314
Prepayments and accrued income 1,297 551
Corporation tax recoverable assets 4,161 -
VAT 3,149 -
8,607 1,865
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,591 11,633
Bank loans and overdrafts 4,531 -
Corporation tax - 4,161
VAT - 1,910
Accruals and deferred income 3,270 3,125
Directors' loan accounts 7,276 11,466
38,668 32,295
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,203 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5