Registration number: 0587692

R.K.Bell Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

R.K.Bell Limited

(Registration number: 0587692)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,378,776	2,447,460
Current assets
Stocks	5	500	500
Debtors	6	731,308	714,384
Cash at bank and in hand		534,792	746,789
		1,266,600	1,461,673
Creditors: Amounts falling due within one year	7	(1,359,549)	(1,172,279)
Net current (liabilities)/assets		(92,949)	289,394
Total assets less current liabilities		3,285,827	2,736,854
Creditors: Amounts falling due after more than one year	7	(1,492,412)	(880,629)
Provisions for liabilities		(593,012)	(543,150)
Net assets		1,200,403	1,313,075
Capital and reserves
Called up share capital		800	800
Share premium reserve		4,163	4,163
Retained earnings		1,195,440	1,308,112
Shareholders' funds		1,200,403	1,313,075

R.K.Bell Limited

(Registration number: 0587692)
Balance Sheet as at 31 December 2024

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

N R Bell Director

R.K.Bell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dunwear Depot
Bridgwater
Somerset
TA7 0AA
UK

These financial statements were authorised for issue by the Board on 25 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at fair value when there is reasonable assurance that the Company will comply with the conditions attached to them and that the grants will be received. Grants related to the the purchase of assets are treated as deferred income and allocated to the income statement over the useful lives of the related assets whils grants related to expenses are treated as other income in the income statement.

R.K.Bell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, with the exception of plant and machinery which is held at valuation, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on reducing balance
Fixtures and fittings	15% on reducing balance
Motor vehicles	20 - 25% on reducing balance
Office equipment	33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

R.K.Bell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

R.K.Bell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined benefit pension obligation

The company operates a delined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 56 (2023 - 54).

However, 27 (2023: 30) of these employees work for R K Bell Projects Limited, a company also controlled by the managing director. R K Bell Projects Limited are recharged the total costs for wages, national insurance and pension for these employees.

R.K.Bell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment £	Plant and machinery £	Computer equipment £	Motor vehicles  £	Total £
Cost
At 1 January 2024	159,402	4,147,891	33,822	399,120	4,740,235
Additions	20,484	1,396,591	1,473	299,903	1,718,451
Disposals	(690)	(450,363)	(6,063)	(45,123)	(502,239)
At 31 December 2024	179,196	5,094,119	29,232	653,900	5,956,447
Depreciation
At 1 January 2024	52,733	1,910,261	26,632	303,149	2,292,775
Charge for the year	18,566	599,981	6,440	55,742	680,729
Eliminated on disposal	(509)	(349,423)	(6,063)	(39,838)	(395,833)
At 31 December 2024	70,790	2,160,819	27,009	319,053	2,577,671
Carrying amount
At 31 December 2024	108,406	2,933,300	2,223	334,847	3,378,776
At 31 December 2023	106,670	2,237,629	7,190	95,971	2,447,460

5

Stocks

	2024 £	2023 £
Other inventories	500	500

6

Debtors

	Note	2024 £	2023 £
Trade debtors		265,539	280,024
Amounts owed by related parties	10	396,035	304,361
Other debtors		1,060	2,319
Prepayments		58,574	127,680
Accrued income		10,100	-
		731,308	714,384

R.K.Bell Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Due within one year	Note	2024 £	2023 £
Loans and borrowings	8	707,949	485,288
Trade creditors		142,485	298,669
Amounts due to related parties	10	144,751	3,210
Social security and other taxes		261,440	225,658
Other creditors		28,683	58,927
Accruals		74,241	100,527
		1,359,549	1,172,279
Due after one year
Loans and borrowings	8	1,492,412	880,629