Bellmans Yard Garage Ltd 31/03/2025 iXBRL

Company registration number: 07766080

Bellmans Yard Garage Ltd

Unaudited filleted financial statements

31 March 2025

Bellmans Yard Garage Ltd

Contents

Balance sheet

Notes to the financial statements

Bellmans Yard Garage Ltd

Balance sheet

31 March 2025

Note £ £ £ £

Fixed assets

Intangible assets 5 - -

Tangible assets 6 336,026 352,830

_______ | _______ |

336,026 352,830

Current assets

Stocks 12,465 7,600

Debtors 7 110,158 131,390

Cash at bank and in hand 163,394 48,069

_______ | _______ |

286,017 187,059

Creditors: amounts falling due

within one year 8 ( 166,617 ) ( 126,057 )

_______ | _______ |

Net current assets 119,400 61,002

_______ | _______ |

Total assets less current liabilities 455,426 413,832

Creditors: amounts falling due

after more than one year 9 ( 78,608 ) ( 53,382 )

_______ | _______ |

Net assets 376,818 360,450

_______ | _______ |

Capital and reserves

Called up share capital 100 100

Profit and loss account 376,718 360,350

_______ | _______ |

Shareholders funds 376,818 360,450

_______ | _______ |

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.

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 Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mrs Charmaine Briscoe

Director

Company registration number: 07766080

Bellmans Yard Garage Ltd

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 & Wales. The address of the registered office is Bellmans Yard Garage Ltd, Bellmans Yard, High Street, Newport, Shropshire, TF10 7AJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. 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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated 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:


Freehold property	-	2 %	reducing balance
Plant and machinery	-	20 %	reducing balance
Fittings fixtures and equipment	-	33 %	straight line
Motor vehicles	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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 stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 7 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	124,000	124,000
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	124,000	124,000
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	224,734	91,340	13,378	191,927	521,379
Additions	-	4,594	1,040	38,636	44,270
Disposals	-	( 495)	( 1,286)	( 45,340)	( 47,121)
	_______	_______	_______	_______	_______
At 31 March 2025	224,734	95,439	13,132	185,223	518,528
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	18,493	62,028	10,866	77,162	168,549
Charge for the year	3,344	7,540	1,107	19,131	31,122
Disposals	-	( 303)	( 1,017)	( 15,849)	( 17,169)
	_______	_______	_______	_______	_______
At 31 March 2025	21,837	69,265	10,956	80,444	182,502
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	202,897	26,174	2,176	104,779	336,026
	_______	_______	_______	_______	_______
At 31 March 2024	206,241	29,312	2,512	114,765	352,830
	_______	_______	_______	_______	_______

7. Debtors

£ £

Trade debtors 15,670 5,209

Other debtors 94,488 126,181

_______ | _______ |

110,158 131,390

_______ | _______ |

8. Creditors: amounts falling due within one year

£ £

Bank loans and overdrafts 98,951 77,059

Trade creditors 24,760 37,839

Corporation tax 32,594 4,425

Social security and other taxes 8,562 6,067

Other creditors 1,750 667

_______ | _______ |

166,617 126,057

_______ | _______ |

9. Creditors: amounts falling due after more than one year

£ £

Bank loans and overdrafts 1,747 11,715

Other creditors 76,861 41,667

_______ | _______ |

78,608 53,382

_______ | _______ |

10. Directors advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward	Advances /(credits) to the directors	Balance o/standing
	£	£	£
Mrs Charmaine Briscoe	45,190	( 17,509)	27,681
Mr Paul Briscoe	45,189	( 17,508)	27,681
	_______	_______	_______
	90,379	( 35,017)	55,362
	_______	_______	_______

	Balance brought forward	Advances /(credits) to the directors	Balance o/standing
	£	£	£
Mrs Charmaine Briscoe	38,197	6,993	45,190
Mr Paul Briscoe	38,196	6,993	45,189
	_______	_______	_______
	76,393	13,986	90,379
	_______	_______	_______