Bell Flow Systems Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

22nd September 2025

AM Taxation Limited

Church View Barn

Beech Tree Court

Whitchurch

Buckinghamshire

HP22 4JR

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Bell Flow Systems Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 03386045

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		20,696		25,000
Tangible Assets	5		172,016		162,339

			192,712		187,339
CURRENT ASSETS
Stocks	6	418,931		422,171
Debtors	7	155,945		256,461
Cash at bank and in hand		908,414		805,574

		1,483,290		1,484,206
Creditors: Amounts Falling Due Within One Year	8	(372,704 )		(377,772 )

NET CURRENT ASSETS (LIABILITIES)			1,110,586		1,106,434

TOTAL ASSETS LESS CURRENT LIABILITIES			1,303,298		1,293,773

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(38,421 )		(34,335 )

NET ASSETS			1,264,877		1,259,438

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			1,264,777		1,259,338

SHAREHOLDERS' FUNDS			1,264,877		1,259,438

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Bell Flow Systems Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 L Brogan

Director

22nd September 2025

The notes on pages 4 to 7 form part of these financial statements.

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Bell Flow Systems Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Bell Flow Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03386045 . The registered office is Unit 7 Swan Business Centre, Osier Way, Buckingham, Buckinghamshire, MK18 1TB.

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 as well as management charges, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is the company website. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are patents which are amortised to the profit and loss account overtheir estimated economic life of 5 years.

2.5. 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:

Leasehold	over the life of the lease
Plant & Machinery	20% on a straight line basis
Motor Vehicles	15% on a reducing balance
Fixtures & Fittings	10% on a straight line basis
Computer Equipment	33% on a straight line basis

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.7. 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.

2.8. 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 year 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.

...CONTINUED

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Bell Flow Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Taxation - continued

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 asset reflects 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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Stocks

2.11. Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Development costs, for example for product design and testing, are recognised as intangible assets when certain criteria are met, which include the reliable measurement and attribution of the costs, and reasonable certainty of the technical feasibility and future commercial viability of the product. Development costs that are capitalised as intangibles are amortised over the estimated useful life.

2.12. Investment in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2.13. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 8)

4. Intangible Assets

	Other	Intellectual Property	Total
	£	£	£
Cost
As at 1 January 2024	-	33,333	33,333
Additions	2,532	-	2,532

As at 31 December 2024	2,532	33,333	35,865

Amortisation
As at 1 January 2024	-	8,333	8,333
Provided during the period	169	6,667	6,836

As at 31 December 2024	169	15,000	15,169

Net Book Value
As at 31 December 2024	2,363	18,333	20,696

As at 1 January 2024	-	25,000	25,000

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Bell Flow Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2024	110,151	237,215	347,366
Additions	-	97,596	97,596
Disposals	-	(77,450 )	(77,450 )

As at 31 December 2024	110,151	257,361	367,512

Depreciation
As at 1 January 2024	110,151	74,876	185,027
Provided during the period	-	28,621	28,621
Disposals	-	(18,152 )	(18,152 )

As at 31 December 2024	110,151	85,345	195,496

Net Book Value
As at 31 December 2024	-	172,016	172,016

As at 1 January 2024	-	162,339	162,339

6. Stocks

	2024	2023
	£	£
Stock	418,931	422,171

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	117,330	100,643
Amounts owed by group undertakings	30	-
Other debtors	38,585	155,818

	155,945	256,461

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	104,178	109,682
Amounts owed to group undertakings	-	3,568
Other creditors	19,103	16,138
Taxation and social security	249,423	248,384

	372,704	377,772

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Bell Flow Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	38,421	34,335

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

Bell Flow Systems Holdings Limited

The parent company; the balance owed by Bell Flow Systems Holdings Limited is £30 (2023: the company owed £3,568).

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