REGISTERED NUMBER: 03191603 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Belsales Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

SD Belsey

KF Belsey

SECRETARY:

KF Belsey

REGISTERED OFFICE:

238 Station Road

Addlestone

Surrey

KT15 2PS

REGISTERED NUMBER:

03191603 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

191,813

242,233

191,813

242,233

CURRENT ASSETS

Inventories

32,402

35,680

Debtors

6

103,250

65,799

Cash at bank and in hand

587,813

665,670

723,465

767,149

CREDITORS

Amounts falling due within one year

7

(243,875

)

(266,186

)

NET CURRENT ASSETS

479,590

500,963

TOTAL ASSETS LESS CURRENT LIABILITIES

671,403

743,196

CREDITORS

Amounts falling due after more than one year

8

(8,988

)

(60,260

)

PROVISIONS FOR LIABILITIES

(47,953

)

(60,558

)

NET ASSETS

614,462

622,378

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

614,362

622,278

SHAREHOLDERS' FUNDS

614,462

622,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

SD Belsey - Director

1.	STATUTORY INFORMATION

Belsales 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.

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.

Revenue

Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Office Equipment

-

25% on reducing balance

Inventories

Inventories 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.

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Office

machinery

Equipment

Totals

£

£

£

COST

At 1 April 2024

943,069

10,535

953,604

Additions

10,139

-

10,139

At 31 March 2025

953,208

10,535

963,743

DEPRECIATION

At 1 April 2024

704,133

7,238

711,371

Charge for year

59,734

825

60,559

At 31 March 2025

763,867

8,063

771,930

NET BOOK VALUE

At 31 March 2025

189,341

2,472

191,813

At 31 March 2024

238,936

3,297

242,233

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

92,069

46,877

Prepayments

11,181

18,922

103,250

65,799

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

51,272

46,707

Trade creditors

7,289

5,807

Tax

66,319

115,439

VAT

34,118

35,362

Other creditors

29,700

7,187

Directors' current accounts

51,890

52,445

Accrued expenses

3,287

3,239

243,875

266,186

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - 1-2 years

8,988

51,272

Other loans - 2-5 years

-

8,988

8,988

60,260

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

44,563

44,563

Between one and five years

100,266

144,828

144,829

189,391