6 false false false false false false false false false false true false false false false false true No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 40,000 36,000 4,000 40,000 4,000 xbrli:pure xbrli:shares iso4217:GBP 05290058 2023-10-01 2024-09-30 05290058 2024-09-30 05290058 2023-09-30 05290058 2022-10-01 2023-09-30 05290058 2023-09-30 05290058 2022-09-30 05290058 core:NetGoodwill 2023-10-01 2024-09-30 05290058 core:FurnitureFittings 2023-10-01 2024-09-30 05290058 core:MotorVehicles 2023-10-01 2024-09-30 05290058 bus:Director3 2023-10-01 2024-09-30 05290058 bus:Director4 2023-10-01 2024-09-30 05290058 bus:Director5 2023-10-01 2024-09-30 05290058 core:NetGoodwill 2023-09-30 05290058 core:NetGoodwill 2024-09-30 05290058 core:FurnitureFittings 2023-09-30 05290058 core:MotorVehicles 2023-09-30 05290058 core:FurnitureFittings 2024-09-30 05290058 core:MotorVehicles 2024-09-30 05290058 core:WithinOneYear 2024-09-30 05290058 core:WithinOneYear 2023-09-30 05290058 core:AfterOneYear 2024-09-30 05290058 core:AfterOneYear 2023-09-30 05290058 core:ShareCapital 2024-09-30 05290058 core:ShareCapital 2023-09-30 05290058 core:RetainedEarningsAccumulatedLosses 2024-09-30 05290058 core:RetainedEarningsAccumulatedLosses 2023-09-30 05290058 core:NetGoodwill 2023-09-30 05290058 core:FurnitureFittings 2023-09-30 05290058 core:MotorVehicles 2023-09-30 05290058 bus:Director3 2023-09-30 05290058 bus:Director3 2024-09-30 05290058 bus:Director5 2023-09-30 05290058 bus:Director5 2024-09-30 05290058 bus:Director3 2022-09-30 05290058 bus:Director3 2023-09-30 05290058 bus:Director5 2022-09-30 05290058 bus:Director5 2023-09-30 05290058 bus:Director3 2022-10-01 2023-09-30 05290058 bus:Director5 2022-10-01 2023-09-30 05290058 bus:SmallEntities 2023-10-01 2024-09-30 05290058 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05290058 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05290058 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05290058 bus:FullAccounts 2023-10-01 2024-09-30 05290058 core:AllUnconsolidatedStructuredEntities core:AdministrativeServices 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 05290058
R T BELL & CO (BROADSTAIRS) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
R T BELL & CO (BROADSTAIRS) LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Intangible assets
5
4,000
Tangible assets
6
27,572
14,816
---------
---------
27,572
18,816
CURRENT ASSETS
Stocks
9,150
9,060
Debtors
7
85,839
76,237
Cash at bank and in hand
105,117
160,465
-----------
-----------
200,106
245,762
CREDITORS: amounts falling due within one year
8
137,762
173,644
-----------
-----------
NET CURRENT ASSETS
62,344
72,118
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
89,916
90,934
CREDITORS: amounts falling due after more than one year
9
6,767
16,905
---------
---------
NET ASSETS
83,149
74,029
---------
---------
CAPITAL AND RESERVES
Called up share capital
200
200
Profit and loss account
82,949
73,829
---------
---------
SHAREHOLDERS FUNDS
83,149
74,029
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
R T BELL & CO (BROADSTAIRS) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
A R Frost
Mrs S Frost
Director
Director
Company registration number: 05290058
R T BELL & CO (BROADSTAIRS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Anson Close, Pysons Road Industrial Estate, Broadstairs, Kent, CT10 2YB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Corporation Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Purchased Goodwill will be amortised over its estimated useful life of 10 years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance Leases and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
40,000
---------
Amortisation
At 1 October 2023
36,000
Charge for the year
4,000
---------
At 30 September 2024
40,000
---------
Carrying amount
At 30 September 2024
---------
At 30 September 2023
4,000
---------
6. TANGIBLE ASSETS
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
42,974
22,125
65,099
Additions
20,000
20,000
---------
---------
---------
At 30 September 2024
42,974
42,125
85,099
---------
---------
---------
Depreciation
At 1 October 2023
28,379
21,904
50,283
Charge for the year
2,189
5,055
7,244
---------
---------
---------
At 30 September 2024
30,568
26,959
57,527
---------
---------
---------
Carrying amount
At 30 September 2024
12,406
15,166
27,572
---------
---------
---------
At 30 September 2023
14,595
221
14,816
---------
---------
---------
7. DEBTORS
2024
2023
£
£
Trade debtors
79,766
70,837
Other debtors
6,073
5,400
---------
---------
85,839
76,237
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,052
Trade creditors
32,878
52,648
Corporation tax
19,925
24,627
Social security and other taxes
11,058
16,899
Other creditors
63,901
69,418
-----------
-----------
137,762
173,644
-----------
-----------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,667
16,632
Other creditors
100
273
--------
---------
6,767
16,905
--------
---------
10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A R Frost
( 38,123)
( 2,223)
( 40,346)
A G Frost
( 8,467)
1,467
( 7,000)
---------
--------
---------
( 46,590)
( 756)
( 47,346)
---------
--------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A R Frost
( 33,914)
( 4,209)
( 38,123)
A G Frost
( 5,955)
( 2,512)
( 8,467)
---------
--------
---------
( 39,869)
( 6,721)
( 46,590)
---------
--------
---------
11. RELATED PARTY TRANSACTIONS
The company was under the control of Mr A. R. Frost throughout the current year and is the managing director and majority shareholder.
12.