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Registered number: 04070928
Bellford Developments Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04070928
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 178,242 139,717
178,242 139,717
CURRENT ASSETS
Debtors 5 199,558 226,952
Cash at bank and in hand 235,898 125,050
435,456 352,002
Creditors: Amounts Falling Due Within One Year 6 (348,116 ) (244,313 )
NET CURRENT ASSETS (LIABILITIES) 87,340 107,689
TOTAL ASSETS LESS CURRENT LIABILITIES 265,582 247,406
Creditors: Amounts Falling Due After More Than One Year 7 (14,767 ) (24,490 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,447 ) -
NET ASSETS 249,368 222,916
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 248,368 221,916
SHAREHOLDERS' FUNDS 249,368 222,916
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
T Simpson
Director
24 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bellford Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04070928 . The registered office is Alton House, 66/68 High Street, Northwood, Middlesex, HA6 1BL.
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 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:
Plant & Machinery Straight line over 5 years
Motor Vehicles 25% on reducing balance
Computer Equipment Straight line over 3 years
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. Taxation
Corporation 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 82,612 171,932 1,293 255,837
Additions 44,500 72,333 2,091 118,924
Disposals (42,658 ) (32,757 ) (1,144 ) (76,559 )
As at 30 September 2024 84,454 211,508 2,240 298,202
Depreciation
As at 1 October 2023 50,635 64,192 1,293 116,120
Provided during the period 9,800 50,850 699 61,349
Disposals (23,608 ) (32,757 ) (1,144 ) (57,509 )
As at 30 September 2024 36,827 82,285 848 119,960
Net Book Value
As at 30 September 2024 47,627 129,223 1,392 178,242
As at 1 October 2023 31,977 107,740 - 139,717
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 47,357 41,284
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 199,558 215,938
Other debtors - 3,357
Deferred tax current asset - 7,657
199,558 226,952
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,180 12,365
Trade creditors 200,627 141,155
Bank loans and overdrafts 8,000 8,000
Social security and other taxes 13,639 11,127
VAT 82,703 45,805
Accruals 2,450 2,450
Directors' loan accounts 18,517 23,411
348,116 244,313
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,767 10,490
Bank loans 6,000 14,000
14,767 24,490
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,947 22,855
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,180 12,365
Later than one year and not later than five years 8,767 10,490
30,947 22,855
30,947 22,855
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5