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Registered number: 07779980
Belstone Management Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Shilton Accounting Services
Certified Practising Accountant
1 The Clock House
Brize Norton Road
Carterton
Oxfordshire
OX18 3HN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07779980
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 519,752 525,875
519,752 525,875
CURRENT ASSETS
Debtors 5 1,877,535 1,281,022
Investments 6 - 1
Cash at bank and in hand 950,567 468,639
2,828,102 1,749,662
Creditors: Amounts Falling Due Within One Year 7 (1,103,401 ) (505,212 )
NET CURRENT ASSETS (LIABILITIES) 1,724,701 1,244,450
TOTAL ASSETS LESS CURRENT LIABILITIES 2,244,453 1,770,325
Creditors: Amounts Falling Due After More Than One Year 8 (201,203 ) (229,928 )
NET ASSETS 2,043,250 1,540,397
CAPITAL AND RESERVES
Called up share capital 10 1,333 1,333
Share premium account 1,332 1,332
Profit and Loss Account 2,040,585 1,537,732
SHAREHOLDERS' FUNDS 2,043,250 1,540,397
Page 1
Page 2
For the year ending 30 September 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 Nicholas Marshall-Lee
Director
14/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Belstone Management Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07779980 . The registered office is Follyfield House, Ladburn Lane, Shilton, Oxfordshire, OX18 4AJ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. 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:
Freehold Not depreciated
Plant & Machinery 25% Straight line
Motor Vehicles 25% Straight line
Computer Equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 7 7
Site operatives 187 171
194 178
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 478,746 145,068 22,461 646,275
Additions - 19,800 5,031 24,831
As at 30 September 2024 478,746 164,868 27,492 671,106
Depreciation
As at 1 October 2023 - 102,370 18,030 120,400
Provided during the period - 26,299 4,655 30,954
As at 30 September 2024 - 128,669 22,685 151,354
Net Book Value
As at 30 September 2024 478,746 36,199 4,807 519,752
As at 1 October 2023 478,746 42,698 4,431 525,875
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,839,774 1,238,831
Prepayments and accrued income 21,861 15,961
Cycle loan (Debtors < 1 year) 682 200
Other debtors (3) 6,632 -
Deferred tax current asset 8,371 8,239
Net wages 150 -
Directors' loan accounts 65 65
Amounts owed by subsidiaries - 17,726
1,877,535 1,281,022
6. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries - 1
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,424 6,424
Trade creditors 119,092 8,527
Bank loans and overdrafts 11,754 20,589
Corporation tax 294,021 83,727
Other taxes and social security 149,422 128,328
VAT 313,416 203,571
Other creditors 800 -
Pension Control 24,019 19,500
Accruals and deferred income 184,453 34,546
1,103,401 505,212
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,489 45,913
Bank loans 161,714 184,015
201,203 229,928
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,767 10,767
Later than one year and not later than five years 41,660 52,427
52,427 63,194
Less: Finance charges allocated to future periods 6,514 10,857
45,913 52,337
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,333 1,333
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