Registered number
10712801
Belle Vale Postal Services Ltd
Filleted Accounts
30 April 2024
Belle Vale Postal Services Ltd
Registered number: 10712801
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,245 33,230
Current assets
Stocks 9,127 -
Debtors 4 42,405 42,405
51,532 42,405
Creditors: amounts falling due within one year 5 (32,243) (21,206)
Net current assets 19,289 21,199
Total assets less current liabilities 47,534 54,429
Creditors: amounts falling due after more than one year 6 (12,593) (19,000)
Net assets 34,941 35,429
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,841 35,329
Shareholder's funds 34,941 35,429
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Shahrukh Mirza
Director
Approved by the board on 7 February 2025
Belle Vale Postal Services Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 6
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 May 2023 33,230
At 30 April 2024 33,230
Depreciation
Charge for the year 4,985
At 30 April 2024 4,985
Net book value
At 30 April 2024 28,245
At 30 April 2023 33,230
4 Debtors 2024 2023
£ £
Other debtors 42,405 42,405
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 32,243 21,206
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,593 19,000
7 Other information
Belle Vale Postal Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit-C
Belle Vale Shopping Centre
Liverpool
L25 2RG
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