M & D Bell Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

M & D Bell Ltd

Company Information

Directors

ME Bell F E Bell J E Bell

Registered office

Thornbrough Farm Thornbrough Farm Corbridge Northumberland NE45 5LX

Accountants

TyneRede Accountancy Ltd Chartered Certified Accountant Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ

M & D Bell Ltd

(Registration number: 07596257)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,192,213	1,697,745
Current assets
Stocks	5	6,477	69,803
Debtors	6	1,090,079	924,856
		1,096,556	994,659
Creditors: Amounts falling due within one year	7	(1,341,628)	(945,693)
Net current (liabilities)/assets		(245,072)	48,966
Total assets less current liabilities		1,947,141	1,746,711
Creditors: Amounts falling due after more than one year	7	(341,036)	(205,204)
Provisions for liabilities		(423,932)	(309,815)
Net assets		1,182,173	1,231,692
Capital and reserves
Called up share capital	8	201,000	201,000
Retained earnings		981,173	1,030,692
Shareholders' funds		1,182,173	1,231,692

For the financial 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 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 8 December 2025 and signed on its behalf by:
 

......................................... ME Bell Director

M & D Bell Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Thornbrough Farm
Thornbrough Farm
Corbridge
Northumberland
NE45 5LX

These financial statements were authorised for issue by the Board on 8 December 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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, 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.

M & D Bell Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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	15% reducing balance basis
Motor vehicles	25% reducing balance basis
Tractors & Farm Vehicles	15% reducing balance basis

Trade 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.

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 inventories 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.

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 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.

M & D Bell Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 5).

4	Tangible assets

	Tractors and Farm Vehicles  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	3,516,647	107,743	3,624,390
Additions	1,104,550	-	1,104,550
Disposals	(506,900)	(5,053)	(511,953)
At 31 March 2025	4,114,297	102,690	4,216,987
Depreciation
At 1 April 2024	1,853,900	72,745	1,926,645
Charge for the year	382,245	8,719	390,964
Eliminated on disposal	(287,902)	(4,933)	(292,835)
At 31 March 2025	1,948,243	76,531	2,024,774
Carrying amount
At 31 March 2025	2,166,054	26,159	2,192,213
At 31 March 2024	1,662,747	34,998	1,697,745

Leased assets
Included within the net book value of tangible assets is £1,715,581 (2024 - £1,305,708) in respect of assets held under finance leases and similar hire purchase contracts. Depreciation for the year on these assets was £302,750 (2024 - £230,419).

5

Stocks

	2025 £	2024 £
Other inventories	6,477	69,803

M & D Bell Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

debtors

Current	2025 £	2024 £
Trade debtors	291,984	219,652
Prepayments	31,500	-
Other debtors	766,595	705,204
	1,090,079	924,856

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	565,689	359,248
Trade creditors		43,911	31,895
Taxation and social security		95,108	103,385
Accruals and deferred income		3,453	2,250
Other creditors		633,467	448,915
		1,341,628	945,693

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	341,036	205,204

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000
Preference of £1 each	200,000	200,000	200,000	200,000
	201,000	201,000	201,000	201,000

M & D Bell Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	20,409	42,773
Hire purchase contracts	320,627	162,431
	341,036	205,204

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,100	22,100
Bank overdrafts	198,247	92,780
Hire purchase contracts	345,342	244,368
	565,689	359,248

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £Nil).