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Registration number: 05479555

Bell Stone Associates Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Bell Stone Associates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Bell Stone Associates Limited

Company Information

Director

Mr Oliver Bell

Registered office

26b Tesla Court
Innovation Way
Peterborough
PE2 6FL

 

Bell Stone Associates Limited

(Registration number: 05479555)
Balance Sheet as at 30 June 2024

Note

2024

2023

   

£

£

£

£

Fixed Assets

   

 

Tangible Assets

4

 

38,325

 

42,153

Current assets

   

 

Debtors

5

187,576

 

214,810

 

Cash at bank and in hand

 

44,949

 

11,667

 

 

232,525

 

226,477

 

Creditors: Amounts falling due within one year

6

(202,980)

 

(225,540)

 

Net current assets

   

29,545

 

937

Total assets less current liabilities

   

67,870

 

43,090

Creditors: Amounts falling due after more than one year

6

 

(64,167)

 

(86,167)

Net assets/(liabilities)

   

3,703

 

(43,077)

Capital and Reserves

   

 

Called up share capital

7

100

 

100

 

Share premium reserve

12,467

 

12,467

 

Retained Earnings

(8,864)

 

(55,644)

 

Shareholders' funds/(deficit)

   

3,703

 

(43,077)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 March 2025
 

 

Bell Stone Associates Limited

(Registration number: 05479555)
Balance Sheet as at 30 June 2024

.........................................
Mr Oliver Bell
Director

   
     
 

Bell Stone Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
26b Tesla Court
Innovation Way
Peterborough
PE2 6FL
England

The principal place of business is:
7 Queen Gardens
Peterborough
Cambridgeshire
PE1 2UN

These financial statements were authorised for issue by the director on 28 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bell Stone Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Plant and machinery

20% reducing balance

Motor vehicles

20% reducing balance

Office equipment

20% reducing balance

Amortisation

Asset class

Amortisation method and rate

Goodwill

10% straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bell Stone Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2023 - 11).

 

Bell Stone Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible Assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 July 2023

6,294

23,548

13,036

27,064

Additions

-

-

3,263

916

At 30 June 2024

6,294

23,548

16,299

27,980

Depreciation

At 1 July 2023

-

21,376

7,193

12,002

Charge for the year

-

435

1,821

3,195

At 30 June 2024

-

21,811

9,014

15,197

Carrying amount

At 30 June 2024

6,294

1,737

7,285

12,783

At 30 June 2023

6,294

2,172

5,843

15,062

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

29,300

99,242

Additions

-

4,179

At 30 June 2024

29,300

103,421

Depreciation

At 1 July 2023

16,518

57,089

Charge for the year

2,556

8,007

At 30 June 2024

19,074

65,096

Carrying amount

At 30 June 2024

10,226

38,325

At 30 June 2023

12,782

42,153

Included within the net book value of land and buildings above is £6,294 (2023 - £6,294) in respect of long leasehold land and buildings.
 

 

Bell Stone Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Debtors

Current

2024
£

2023
£

Trade Debtors

157,062

187,926

Other debtors

30,514

26,884

 

187,576

214,810

 

Bell Stone Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

8,897

9,416

Trade Creditors

 

92,891

146,231

Taxation and social security

 

48,708

34,069

Accruals and deferred income

 

1,625

1,757

Other creditors

 

50,859

34,067

 

202,980

225,540

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

64,167

86,167

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

64,167

86,167

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

8,897

9,416