Registration number: 07475039

Bell Joinery Ltd

trading as Bell Interiors

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Bell Joinery Ltd

trading as Bell Interiors

Company Information

Directors

Mr Justin Clive Rattue Mr Dan Jacobs

Registered office

Tamarind House Bittern Road Sowton Industrial Estate Exeter Devon EX2 7LW

Accountants

Neil Wilson & Co Chartered Accountants Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Bell Joinery Ltd

trading as Bell Interiors

(Registration number: 07475039)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	77,753	96,683
Current assets
Stocks	5	297,707	418,030
Debtors	6	298,302	227,422
Cash at bank and in hand		584,945	535,534
		1,180,954	1,180,986
Creditors: Amounts falling due within one year	7	(175,883)	(268,039)
Net current assets		1,005,071	912,947
Total assets less current liabilities		1,082,824	1,009,630
Provisions for liabilities		(104,355)	(72,838)
Net assets		978,469	936,792
Capital and reserves
Called up share capital	8	40	40
Retained earnings		978,429	936,752
Shareholders' funds		978,469	936,792

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 and 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 28 November 2025 and signed on its behalf by:
 

......................................... Mr Justin Clive Rattue Director

Bell Joinery Ltd

trading as Bell Interiors

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:
Tamarind House
Bittern Road
Sowton Industrial Estate
Exeter
Devon
EX2 7LW
England

The principal place of business is:
Tamarind House
Bittern Road
Sowton Industrial Estate
Exeter
Devon
EX2 7LW
England

These financial statements were authorised for issue by the Board on 28 November 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.

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.

Bell Joinery Ltd

trading as Bell Interiors

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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.

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
Office equipment	10% straight line basis
Motor vehicles	10% straight line basis
Plant and machinery	10% straight line basis
Fixtures and fittings	10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Bell Joinery Ltd

trading as Bell Interiors

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

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2024 - 27).

Bell Joinery Ltd

trading as Bell Interiors

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	43,258	86,862	184,621	314,741
Additions	13,683	-	255	13,938
At 31 March 2025	56,941	86,862	184,876	328,679
Depreciation
At 1 April 2024	24,856	43,675	149,527	218,058
Charge for the year	5,694	8,686	18,488	32,868
At 31 March 2025	30,550	52,361	168,015	250,926
Carrying amount
At 31 March 2025	26,391	34,501	16,861	77,753
At 31 March 2024	18,402	43,187	35,094	96,683

5

Stocks

	2025 £	2024 £
Raw materials and consumables	40,000	40,000
Work in progress	257,707	378,030
	297,707	418,030

6

Debtors

Current	2025 £	2024 £
Trade debtors	145,569	95,814
Prepayments	6,206	357
Other debtors	146,527	131,251
	298,302	227,422

7

Creditors

Creditors: amounts falling due within one year

Bell Joinery Ltd

trading as Bell Interiors

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

	2025 £	2024 £
Due within one year
Trade creditors	28,819	60,448
Taxation and social security	128,575	146,135
Accruals and deferred income	10,086	5,266
Other creditors	8,403	56,190
	175,883	268,039

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A Shares of £1 each	30	30	30	30
Ordinary B Shares of £1 each	8	8	8	8
Ordinary C Shares of £1 each	2	2	2	2
	40	40	40	40

9

Dividends

		2025		2024
		£		£
Interim dividend of £2,950.00 (2024 - £12,333.00) per ordinary share		118,000		115,188

10	Related party transactions

Bell Joinery Ltd

trading as Bell Interiors

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

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	27,435	32,840
Contributions paid to money purchase schemes	83,750	163,997
	111,185	196,837

Dividends paid to directors

		2025 £		2024 £
Mr Justin Clive Rattue
Final dividend		30,000		-
Interim Dividend		44,000		47,000
		74,000		47,000
Mr Dan Jacobs
Interim dividend		44,000		14,188