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REGISTERED NUMBER: 02599261 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2024

for

Belle Car Transporters & Specialised
Trailers Limited

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 14


Belle Car Transporters & Specialised
Trailers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A M Parker
Mrs J Bartram





SECRETARY: Mr A M Parker





REGISTERED OFFICE: Hoblongs Industrial Estate
Chelmsford Road
Great Dunmow
Essex
CM6 1JA





REGISTERED NUMBER: 02599261 (England and Wales)





AUDITORS: Cunninghams Statutory Auditors
Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Strategic Report
for the Year Ended 31 March 2024

The directors present their strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
The principal activity of the company remains the manufacture of car transporters and specialised trailers.

Overall, the company has had a successful and profitable year in line with the director's expectations.
Turnover for the year shows a significant increase, whilst the gross profit percentage has also increased following careful cost analysis exercises completed by management. The overall resulting net profit also shows a healthy increase on the year prior.

Throughout the year, the company has continued to reinvest within the business - purchasing additional machinery and IT equipment. These assets will help to ensure the future success of the business.

PRINCIPAL RISKS AND UNCERTAINTIES
All risks are monitored on an ongoing basis by the director and strategies are implemented as necessary in order to minimise the potential impact of these.

Key operating risks in existence at present include, but are not limited to:

- The increasing costs of raw materials, in combination with the reduced availability of such materials.
- Difficulties sourcing and retaining quality staff members.
- Increasing overheads costs, particularly in relation to energy and finance costs.
- The ongoing impact of Brexit.

KEY PERFORMANCE INDICATORS
The company considers turnover, gross profit margin and net profit margin to be key performance indicators.

Performance against these indicators has been summarised below:

2024 2023

Increase/(decrease) in turnover £806,008 (£589,713)
Increase in gross profit percentage 1.07% 1.89%
Increase/(decrease) in net profit percentage 0.27% 0.62%

Overall, the directors are satisfied with the performance against the measures outlined above.

ON BEHALF OF THE BOARD:





Mr A M Parker - Director


13 March 2025

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIVIDENDS
The total distribution of dividends for the year ended 31 March 2024 will be £ 22,252 .

DIRECTOR
Mr A M Parker held office during the whole of the period from 1 April 2023 to the date of this report.

Other changes in directors holding office are as follows:

Mrs J Bartram was appointed as a director after 31 March 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Cunninghams Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr A M Parker - Director


13 March 2025

Report of the Independent Auditors to the Members of
Belle Car Transporters & Specialised
Trailers Limited

Qualified opinion
We have audited the financial statements of Belle Car Transporters & Specialised Trailers Limited (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects on the comparative figures of the matters described in the Basis for qualified opinion section, the financial statements:
- give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion
The value of Stocks as at 31st March 2023 as per the financial statements is based upon a stock count which took place several months after the year end. No year end stock take took place for the comparative year and as thus we did not attend the company premises as at the year end to be able to observe stock levels or the efficacy and accuracy of the stock taking progress. We were able to conduct some post year end testing on Stocks in order to verify the amounts included in the balance sheet, but this testing was felt to be too limited to provide the level of assurance required of an audit. As a result of this, we conclude that we have been unable to obtain sufficient appropriate evidence regarding the comparative value included within the financial statements for Stocks (£475,000).

In addition, were any adjustment to be required in respect of the above balances, this strategic report would also need to be amended.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of
Belle Car Transporters & Specialised
Trailers Limited


Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the value of Stocks at 31st March 2023. We have concluded that where the other information refers to these, or related balances, it may be materially misstated for the same reason.

Qualified opinion on other matters prescribed by the Companies Act 2006
Except for the possible effects on the comparative figures of the matter described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the
financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
Except for the matters described in the basis for qualified opinion section of our report, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

Arising solely from the limitation on the scope of our work relating to the comparative value of stocks, referred to above:
- we have not obtained all of the information and explanations that we considered necessary for the purpose of our audit; and,
- we were unable to determine whether adequate accounting records have been kept.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Belle Car Transporters & Specialised
Trailers Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures which we have conducted and the extent to which these procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management around actual and potential litigation and claims;
- Enquiry of entity staff in compliance functions to identify any instances of non-compliance with laws and regulations;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Benjamin Lynes (Senior Statutory Auditor)
for and on behalf of Cunninghams Statutory Auditors
Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

14 March 2025

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 9,849,486 9,043,478

Cost of sales 8,555,041 7,951,519
GROSS PROFIT 1,294,445 1,091,959

Administrative expenses 806,411 675,746
488,034 416,213

Other operating income 24,160 24,159
OPERATING PROFIT 4 512,194 440,372

Interest receivable and similar income 7,414 167
519,608 440,539

Interest payable and similar expenses 5 53,980 37,457
PROFIT BEFORE TAXATION 465,628 403,082

Tax on profit 6 11,181 5,786
PROFIT FOR THE FINANCIAL YEAR 454,447 397,296

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Other Comprehensive Income
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

PROFIT FOR THE YEAR 454,447 397,296


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

454,447

397,296

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 2,887,387 2,920,615

CURRENT ASSETS
Stocks 9 669,037 475,000
Debtors 10 2,554,168 1,753,502
Cash at bank 699,023 731,285
3,922,228 2,959,787
CREDITORS
Amounts falling due within one year 11 2,413,758 1,873,267
NET CURRENT ASSETS 1,508,470 1,086,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,395,857

4,007,135

CREDITORS
Amounts falling due after more than one
year

12

(384,391

)

(432,553

)

PROVISIONS FOR LIABILITIES 16 (91,828 ) (87,139 )
NET ASSETS 3,919,638 3,487,443

CAPITAL AND RESERVES
Called up share capital 17 450 450
Capital redemption reserve 18 450 450
Retained earnings 18 3,918,738 3,486,543
SHAREHOLDERS' FUNDS 3,919,638 3,487,443

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Mr A M Parker - Director


Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2022 450 3,112,727 450 3,113,627

Changes in equity
Dividends - (23,480 ) - (23,480 )
Total comprehensive income - 397,296 - 397,296
Balance at 31 March 2023 450 3,486,543 450 3,487,443

Changes in equity
Dividends - (22,252 ) - (22,252 )
Total comprehensive income - 454,447 - 454,447
Balance at 31 March 2024 450 3,918,738 450 3,919,638

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Cash Flow Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 287,549 608,604
Interest paid (52,745 ) (34,869 )
Hire purchase interest paid (1,235 ) (2,588 )
Tax paid 4,623 -
Taxation refund (85,055 ) -
Net cash from operating activities 153,137 571,147

Cash flows from investing activities
Purchase of tangible fixed assets (80,127 ) (289,825 )
Interest received 7,414 168
Net cash from investing activities (72,713 ) (289,657 )

Cash flows from financing activities
New loans in year 200,000 -
Loan repayments in year (215,469 ) (242,874 )
Amount withdrawn by directors (67,996 ) (6,500 )
Hire purchase repayments in year (29,221 ) (27,869 )
Net cash from financing activities (112,686 ) (277,243 )

(Decrease)/increase in cash and cash equivalents (32,262 ) 4,247
Cash and cash equivalents at beginning of
year

2

731,285

727,038

Cash and cash equivalents at end of year 2 699,023 731,285

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.3.24 31.3.23
£    £   
Profit before taxation 465,628 403,082
Depreciation charges 112,614 121,121
Loss on disposal of fixed assets 740 6,123
Finance costs 53,980 37,457
Finance income (7,414 ) (167 )
625,548 567,616
Increase in stocks (194,037 ) (209,000 )
Increase in trade and other debtors (720,233 ) (11,909 )
Increase in trade and other creditors 576,271 261,897
Cash generated from operations 287,549 608,604

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 699,023 731,285
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 731,285 731,679
Bank overdrafts - (4,641 )
731,285 727,038


Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 731,285 (32,262 ) 699,023
731,285 (32,262 ) 699,023
Debt
Finance leases (39,273 ) 29,221 (10,052 )
Debts falling due within 1 year (197,142 ) (23,781 ) (220,923 )
Debts falling due after 1 year (422,501 ) 38,110 (384,391 )
(658,916 ) 43,550 (615,366 )
Total 72,369 11,288 83,657

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Belle Car Transporters & Specialised Trailers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS
31.3.24 31.3.23
£    £   
Wages and salaries 2,045,519 1,803,240
Social security costs 173,859 149,770
Other pension costs 37,539 30,318
2,256,917 1,983,328

The average number of employees during the year was as follows:
31.3.24 31.3.23

Administration 2 2
Manufacturing 55 57
57 59

31.3.24 31.3.23
£    £   
Director's remuneration 28,018 26,790

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Hire of plant and machinery 11,679 9,538
Depreciation - owned assets 99,603 105,813
Depreciation - assets on hire purchase contracts 13,011 15,308
Loss on disposal of fixed assets 740 6,123
Auditors' remuneration 9,075 8,640

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.24 31.3.23
£    £   
Bank loan interest 52,745 34,869
Hire purchase 1,235 2,588
53,980 37,457

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 6,492 4,622

Deferred tax 4,689 1,164
Tax on profit 11,181 5,786

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.24 31.3.23
£    £   
Profit before tax 465,628 403,082
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

116,407

76,586

Effects of:
Expenses not deductible for tax purposes 616 260
Depreciation in excess of capital allowances 4,918 3,477
Enhanced tax deductions (109,359 ) (85,855 )
Change in tax rate - 11,318
Marginal relief (1,401 ) -
Total tax charge 11,181 5,786

7. DIVIDENDS
31.3.24 31.3.23
£    £   
Interim 22,252 23,480

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 2,562,432 13,582 1,161,296
Additions 45,970 - 29,102
Disposals - - -
At 31 March 2024 2,608,402 13,582 1,190,398
DEPRECIATION
At 1 April 2023 181,777 10,973 710,454
Charge for year 20,931 391 69,386
Eliminated on disposal - - -
At 31 March 2024 202,708 11,364 779,840
NET BOOK VALUE
At 31 March 2024 2,405,694 2,218 410,558
At 31 March 2023 2,380,655 2,609 450,842

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 104,809 99,221 36,184 3,977,524
Additions - - 5,055 80,127
Disposals (3,602 ) - (14,563 ) (18,165 )
At 31 March 2024 101,207 99,221 26,676 4,039,486
DEPRECIATION
At 1 April 2023 80,665 43,737 29,303 1,056,909
Charge for year 3,569 13,871 4,466 112,614
Eliminated on disposal (3,223 ) - (14,201 ) (17,424 )
At 31 March 2024 81,011 57,608 19,568 1,152,099
NET BOOK VALUE
At 31 March 2024 20,196 41,613 7,108 2,887,387
At 31 March 2023 24,144 55,484 6,881 2,920,615

Included in cost of land and buildings is freehold land of £ 1,546,407 (2023 - £ 1,546,407 ) which is not depreciated.

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 115,000
DEPRECIATION
At 1 April 2023 28,257
Charge for year 13,011
At 31 March 2024 41,268
NET BOOK VALUE
At 31 March 2024 73,732
At 31 March 2023 86,743

9. STOCKS
31.3.24 31.3.23
£    £   
Stocks 669,037 475,000

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,030,866 440,506
Amounts recoverable on contracts 1,487,000 1,201,000
Other debtors 9,395 7,440
Tax - 80,433
Prepayments 26,907 24,123
2,554,168 1,753,502

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 13) 220,923 197,142
Hire purchase contracts (see note 14) 10,052 29,221
Trade creditors 1,453,792 1,298,706
Tax 6,492 -
Social security and other taxes 42,471 36,057
VAT 218,785 176,789
Other creditors 2,672 1,185
Director's current account 22,564 67,996
Deferred income 280,470 -
Accrued expenses 155,537 66,171
2,413,758 1,873,267

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 13) 384,391 422,501
Hire purchase contracts (see note 14) - 10,052
384,391 432,553

13. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 220,923 197,142

Amounts falling due between one and two years:
Bank loans repayable in 1-5 years 375,101 383,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in more than 5 years 9,290 38,834

14. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 10,052 29,221
Between one and five years - 10,052
10,052 39,273

15. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 605,314 619,643
Hire purchase contracts 10,052 39,273
615,366 658,916

The company's freehold property and other assets are charged to its bankers as security for its borrowings.

The hire purchase liabilities are secured on the underlying assets.

Belle Car Transporters & Specialised
Trailers Limited (Registered number: 02599261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

16. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 91,828 87,139

Deferred
tax
£   
Balance at 1 April 2023 87,139
Accelerated capital allowances (14,673 )
Movement in accrued pensions (394 )
Trading losses utilised 19,756
Balance at 31 March 2024 91,828

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
450 Ordinary £1 450 450

18. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 3,486,543 450 3,486,993
Profit for the year 454,447 454,447
Dividends (22,252 ) (22,252 )
At 31 March 2024 3,918,738 450 3,919,188

19. PENSION COMMITMENTS

The company operates a defined contribution pension scheme and the amount committed to be paid after the year end is £1,899 (2023: £Nil).