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BELLCO DEVELOPMENTS LIMITED

Registered Number
04852629
(England and Wales)

Unaudited Financial Statements for the Period ended
29 March 2024

BELLCO DEVELOPMENTS LIMITED
Company Information
for the period from 1 April 2023 to 29 March 2024

Directors

BELL, Claire
BELL, Steven Andrew

Company Secretary

ELVIN, Michael Andrew St John

Registered Address

Suite 2a, Chatsworth House Prime Business Centre
Raynesway
Derby
DE21 7SR

Registered Number

04852629 (England and Wales)
BELLCO DEVELOPMENTS LIMITED
Balance Sheet as at
29 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,9012,534
Investment property4550,000-
551,9012,534
Current assets
Debtors4,881,2604,742,306
Cash at bank and on hand18,43318,433
4,899,6934,760,739
Creditors amounts falling due within one year5(5,229,597)(4,197,056)
Net current assets (liabilities)(329,904)563,683
Total assets less current liabilities221,997566,217
Creditors amounts falling due after one year6-(350,000)
Net assets221,997216,217
Capital and reserves
Called up share capital22
Profit and loss account221,995216,215
Shareholders' funds221,997216,217
The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2025, and are signed on its behalf by:
BELL, Steven Andrew
Director
Registered Company No. 04852629
BELLCO DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the period ended 29 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 234,4196,15010,569
At 29 March 244,4196,15010,569
Depreciation and impairment
At 01 April 234,3623,6738,035
Charge for year14619633
At 29 March 244,3764,2928,668
Net book value
At 29 March 24431,8581,901
At 31 March 23572,4772,534
4.Investment property

£
Additions550,000
At 29 March 24550,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,384,5972,338,416
Bank borrowings and overdrafts837,3901,761,728
Taxation and social security1,48917,108
Accrued liabilities and deferred income6,12179,804
Total5,229,5974,197,056
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-350,000
Total-350,000