Company Registration No. 04355591 (England and Wales)
Bell Sport And Classic Ltd
Unaudited accounts
for the year ended 31 March 2025
Bell Sport And Classic Ltd
Unaudited accounts
Contents
Bell Sport And Classic Ltd
Company Information
for the year ended 31 March 2025
Directors
Matthew Barry Wilton
Timothy John Kearns
Company Number
04355591 (England and Wales)
Registered Office
Hillview Luton Road
Markyate
St. Albans
AL3 8QE
ENGLAND
Accountants
Trimantic Accountants
1 Victor House
Barnet Road
London Colney
AL2 1BJ
Bell Sport And Classic Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
1,691,326
1,813,120
Inventories
1,593,423
1,846,506
Cash at bank and in hand
978,559
1,213,008
Creditors: amounts falling due within one year
(5,617,607)
(5,876,720)
Net current liabilities
(2,820,980)
(2,556,315)
Total assets less current liabilities
(1,129,654)
(743,195)
Creditors: amounts falling due after more than one year
(2,500)
(12,500)
Net liabilities
(1,132,154)
(755,695)
Called up share capital
4,250,001
4,250,001
Profit and loss account
(5,382,155)
(5,005,696)
Shareholders' funds
(1,132,154)
(755,695)
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. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Timothy John Kearns
Director
Company Registration No. 04355591
Bell Sport And Classic Ltd
Notes to the Accounts
for the year ended 31 March 2025
Bell Sport And Classic Ltd is a private company, limited by shares, registered in England and Wales, registration number 04355591. The registered office is Hillview Luton Road, Markyate, St. Albans, AL3 8QE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Bell Sport And Classic Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
2,319,017
304,471
90,818
155,243
56,150
2,925,699
Additions
-
7,814
-
10,085
-
17,899
Disposals
-
-
(16,250)
-
-
(16,250)
At 31 March 2025
2,319,017
312,285
74,568
165,328
56,150
2,927,348
At 1 April 2024
633,931
243,834
52,319
131,743
50,752
1,112,579
Charge for the year
95,129
18,644
13,083
7,849
3,972
138,677
On disposals
-
-
(15,234)
-
-
(15,234)
At 31 March 2025
729,060
262,478
50,168
139,592
54,724
1,236,022
At 31 March 2025
1,589,957
49,807
24,400
25,736
1,426
1,691,326
At 31 March 2024
1,685,086
60,637
38,499
23,500
5,398
1,813,120
Amounts falling due within one year
Trade debtors
148,554
172,612
Accrued income and prepayments
67,341
52,171
Other debtors
8,750
16,700
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
112,509
428,232
Taxes and social security
27,229
31,534
Other creditors
129,530
40,868
Loans from directors
5,164,710
5,264,710
7
Creditors: amounts falling due after more than one year
2025
2024
Bell Sport And Classic Ltd
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
4,250,000 Redeemable Preferance Shares of £1 each
4,250,000
4,250,000
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
63,228
63,228
Later than one year and not later than five years
42,152
42,152
10
Transactions with related parties
During the year the company received loans from Michael Bedford, a shareholder of the company. The loans are non-interest bearing and repayable on demand. At the Balance Sheet date £5,164,710 (2024: £5,499,710) was outstanding.
11
Average number of employees
During the year the average number of employees was 19 (2024: 21).