REGISTERED NUMBER: 10744920 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

THE NEW BELL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Hayre

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

10744920 (England and Wales)

FIXED ASSETS

Tangible assets

4

175,462

161,961

CURRENT ASSETS

Stocks

5

9,639

10,236

Debtors

6

40,771

28,558

Cash at bank and in hand

241,267

198,208

291,677

237,002

CREDITORS

Amounts falling due within one year

7

191,737

142,912

NET CURRENT ASSETS

99,940

94,090

TOTAL ASSETS LESS CURRENT LIABILITIES

275,402

256,051

CREDITORS

Amounts falling due after more than one year

8

16,520

26,616

NET ASSETS

258,882

229,435

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

258,782

229,335

SHAREHOLDERS' FUNDS

258,882

229,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 October 2025 and were signed by:

S Hayre - Director

1.	STATUTORY INFORMATION

The New Bell Ltd is a private company, limited by shares , registered in England and Wales. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

100,255

124,426

4,200

6,900

235,781

Additions

-

30,528

-

-

30,528

At 31 October 2024

100,255

154,954

4,200

6,900

266,309

DEPRECIATION

At 1 November 2023

6,015

59,554

3,578

4,673

73,820

Charge for year

2,005

14,310

155

557

17,027

At 31 October 2024

8,020

73,864

3,733

5,230

90,847

NET BOOK VALUE

At 31 October 2024

92,235

81,090

467

1,670

175,462

At 31 October 2023

94,240

64,872

622

2,227

161,961

5.

STOCKS

31/10/24

31/10/23

£

£

Stocks

9,639

10,236

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Inter-Company

35,609

17,044

Prepayments

5,162

11,514

40,771

28,558

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Trade creditors

29,075

26,174

Tax

14,939

34,767

Social security and other taxes

479

511

VAT

8,087

11,026

Other creditors

134,887

60,978

Directors' current accounts

58

666

Accrued expenses

4,212

8,790

191,737

142,912

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/24

31/10/23

£

£

Bank loans (see note 9)

16,520

26,616

Amounts falling due in more than five years:

Repayable by instalments

Bounce Back Loan

16,520

26,616

9.

LOANS

An analysis of the maturity of loans is given below:

31/10/24

31/10/23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bounce Back Loan

16,520

26,616

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/24

31/10/23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 November 2023

229,335

Profit for the year

41,647

Dividends

(12,200

)

At 31 October 2024

258,782

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,100 (2023 - £3,500) were paid to the director .