REGISTERED NUMBER: SC150935 (Scotland)

BELL ELECTRICAL GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G W Bell

Ms K J Graham

SECRETARY:

Ms K J Graham

REGISTERED OFFICE:

15 Mains Street

Lockerbie

Dumfriesshire

DG11 2DG

REGISTERED NUMBER:

SC150935 (Scotland)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

142,706

99,922

142,706

99,922

CURRENT ASSETS

Stocks

86,812

107,909

Debtors

6

149,796

238,938

Cash at bank

846,985

701,360

1,083,593

1,048,207

CREDITORS

Amounts falling due within one year

7

200,462

266,260

NET CURRENT ASSETS

883,131

781,947

TOTAL ASSETS LESS CURRENT LIABILITIES

1,025,837

881,869

PROVISIONS FOR LIABILITIES

35,301

24,615

NET ASSETS

990,536

857,254

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

990,436

857,154

SHAREHOLDERS' FUNDS

990,536

857,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Ms K J Graham - Director

1.	STATUTORY INFORMATION

Bell Electrical Group Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and was amortised on a systematic basis over its expected life, which was 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 20% and 15% reducing balance and 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued based on the company's performance of contracts undertaken and its subsequent right to consideration. Profit has been recognised on contracts which are not invoiced at the year end based on the stage of completion of the individual contracts, where the profit can be ascertained with reasonable certainty. Provision has been made for any foreseeable losses where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

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

Hire purchase

Assets obtained under hire purchase contracts are capitalised in the balance sheet. These assets are initially recognised at transaction price and are depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period using the effective interest rate method. The capital element of future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

290,000

AMORTISATION

At 1 February 2024

and 31 January 2025

290,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

285,667

Additions

70,854

At 31 January 2025

356,521

DEPRECIATION

At 1 February 2024

185,745

Charge for year

28,070

At 31 January 2025

213,815

NET BOOK VALUE

At 31 January 2025

142,706

At 31 January 2024

99,922

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

127,432

204,590

Other debtors

22,364

34,348

149,796

238,938

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

-

5,278

Trade creditors

58,284

46,875

Director's loan account

15,945

23,677

Amounts owed to group undertakings

5,878

3,107

Taxation and social security

109,419

160,184

Other creditors

10,936

27,139

200,462

266,260

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

-

5,278

Hire purchase creditors have security over related assets.

9.	OTHER FINANCIAL COMMITMENTS

At 31 January 2025 the company was committed to making total payments under operating leases of £16,250 (2024, £23,750).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

11.	RELATED PARTY DISCLOSURES