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REGISTERED NUMBER: 00547332 (England and Wales)










BELL BOATS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BELL BOATS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTOR: Mr J W Bell



REGISTERED OFFICE: Waterside
Brundall
Norwich
Norfolk
NR13 5QA



REGISTERED NUMBER: 00547332 (England and Wales)



ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS



BANKERS: HSBC Bank Plc
18 London Street
Norwich
Norfolk
NR2 1LF

BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,459 227,651

CURRENT ASSETS
Stocks 113,650 113,650
Debtors 5 7,349 4,802
Cash at bank 406,208 376,445
527,207 494,897
CREDITORS
Amounts falling due within one year 6 96,136 94,432
NET CURRENT ASSETS 431,071 400,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,530

628,116

PROVISIONS FOR LIABILITIES 31,000 31,000
NET ASSETS 628,530 597,116

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 627,530 596,116
SHAREHOLDERS' FUNDS 628,530 597,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:



Mr J W Bell - Director


BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Bell Boats 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and hiring charges, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 15% on reducing balance
Boat - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Caravan and chalets - 15% on reducing balance

Stocks
Stock and work in progress have been valued at the lower cost or net realisable value.

Cost is determined on a first-in first-out basis. The cost of work in progress and finished goods comprises materials, direct labour and attributable production overheads.

Net realisable value is based on the estimated selling price after taking into account all further costs expected to be incurred on completion and disposal.

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.

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

BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold equipment
£    £    £   
COST
At 1 January 2024 104,875 4,233 394,608
Additions - - 24,403
At 31 December 2024 104,875 4,233 419,011
DEPRECIATION
At 1 January 2024 - 4,233 287,518
Charge for year - - 19,724
At 31 December 2024 - 4,233 307,242
NET BOOK VALUE
At 31 December 2024 104,875 - 111,769
At 31 December 2023 104,875 - 107,090

Caravan
Motor and
Boat vehicles chalets Totals
£    £    £    £   
COST
At 1 January 2024 195 36,595 10,286 550,792
Additions - - - 24,403
At 31 December 2024 195 36,595 10,286 575,195
DEPRECIATION
At 1 January 2024 194 21,411 9,785 323,141
Charge for year - 3,796 75 23,595
At 31 December 2024 194 25,207 9,860 346,736
NET BOOK VALUE
At 31 December 2024 1 11,388 426 228,459
At 31 December 2023 1 15,184 501 227,651

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,190 1,611
Other debtors 3,159 3,191
7,349 4,802

BELL BOATS LIMITED (REGISTERED NUMBER: 00547332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,897 7,233
Taxation and social security 16,322 7,906
Other creditors 76,917 79,293
96,136 94,432