Belbin Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14103904

Belbin Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Belbin Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		6,284	5,336

Current assets

Stocks		21,198	11,419
Debtors	6	243,425	271,301
Cash at bank and in hand		348,369	202,607
		---------	---------
		612,992	485,327

Creditors: amounts falling due within one year	7	298,790		280,142
		---------		---------
Net current assets			314,202	205,185
			---------	---------
Total assets less current liabilities			320,486	210,521
			---------	---------
Net assets			320,486	210,521
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	320,386	210,421
	---------	---------
Shareholders funds	320,486	210,521
	---------	---------

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 comprehensive income has not been delivered.

For the year ending 31 March 2025 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 .

Belbin Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 27 November 2025 , and are signed on behalf of the board by:

Mrs J Cooper	Miss J Keeler
Director	Director

Company registration number: 14103904

Belbin Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3-4 Bennell Court, West Street, Comberton, Cambridge, Cambridgeshire, CB23 7EN, England.

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. 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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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. Revenue from services rendered is recognised when each stage of the service has been performed, 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.

Income 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 12 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024	4,000	3,691	7,691
Additions	–	2,849	2,849
	-------	-------	--------
At 31 March 2025	4,000	6,540	10,540
	-------	-------	--------
Depreciation
At 1 April 2024	1,375	980	2,355
Charge for the year	656	1,245	1,901
	-------	-------	--------
At 31 March 2025	2,031	2,225	4,256
	-------	-------	--------
Carrying amount
At 31 March 2025	1,969	4,315	6,284
	-------	-------	--------
At 31 March 2024	2,625	2,711	5,336
	-------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	173,996	211,979
Other debtors	69,429	59,322
	---------	---------
	243,425	271,301
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,088	102
Social security and other taxes	170,233	175,580
Other creditors	123,469	104,460
	---------	---------
	298,790	280,142
	---------	---------

8. Other financial commitments

The total future minimum lease payments under non-cancellable operating leases is £ 15,680 (2024: £47,040).