FIVE BELLS (BASSINGHAM) LIMITED


Directors	GOVIER, Adrian David Hugh
	GOVIER, Diane


Company Secretary	GOVIER, Diane


Registered Address	17 High Street Bassingham
	Lincoln
	LN5 9JZ


Registered Number	04687929 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		46,410		37,869
			46,410		37,869
Current assets
Stocks	5	12,202		11,630
Debtors		222,414		258,194
Cash at bank and on hand		332,139		230,167
		566,755		499,991
Creditors amounts falling due within one year	6	(191,506)		(212,495)
Net current assets (liabilities)			375,249		287,496
Total assets less current liabilities			421,659		325,365
Provisions for liabilities	8		(11,374)		(9,189)
Net assets			410,285		316,176
Capital and reserves
Called up share capital			3		3
Profit and loss account			410,282		316,173
Shareholders' funds			410,285		316,176

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 December 2025, and are signed on its behalf by:

GOVIER, Adrian David Hugh
Director

GOVIER, Diane
Director

Registered Company No. 04687929

FIVE BELLS (BASSINGHAM) LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	Five Bells (Bassingham) Limited 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.

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

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

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

	Employee benefits
	The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

	Foreign currency translation
	Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

	Current taxation
	Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

	Deferred tax
	Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods.  It is recognised in respect of all timing differences, with certain exceptions.  Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.  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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.  Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Depreciation is provide at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost and 15% on reducing balance

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

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

	Financial instruments
	Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at transaction price. Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	22		21

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	30,000	30,000
At 31 March 25	30,000	30,000
Amortisation and impairment
At 01 April 24	30,000	30,000
At 31 March 25	30,000	30,000
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	64,714	116,152	1,969	182,835
Additions	578	13,944	965	15,487
At 31 March 25	65,292	130,096	2,934	198,322
Depreciation and impairment
At 01 April 24	37,215	106,452	1,299	144,966
Charge for year	4,154	2,305	487	6,946
At 31 March 25	41,369	108,757	1,786	151,912
Net book value
At 31 March 25	23,923	21,339	1,148	46,410
At 31 March 24	27,499	9,700	670	37,869

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	12,202	11,630
Total	12,202	11,630

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	26,902	34,868
Taxation and social security	155,910	163,980
Other creditors	5,882	11,108
Accrued liabilities and deferred income	2,812	2,539
Total	191,506	212,495

7.	Secured creditors
	The company bankers, NatWest hold a fixed and floating charge over the assets of the company.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	11,374	9,189
Total	11,374	9,189

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
GOVIER, Adrian David Hugh	69,665	77,016	104,597	42,084
GOVIER, Diane	69,665	77,016	104,597	42,084
	139,330	154,032	209,194	84,168


	The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024: