Otis & Belle Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12736228 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Otis & Belle Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W R Alexander

REGISTERED OFFICE:

Kenton House

Oxford Street

Moreton-in-Marsh

GL56 0LA

REGISTERED NUMBER:

12736228 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

FIXED ASSETS

Tangible assets

4

127,699

113,134

Investments

5

100

127,799

113,234

CURRENT ASSETS

Stocks

4,522

2,609

Debtors

6

326,877

84,718

Cash at bank and in hand

13,863

4,525

345,262

91,852

CREDITORS

Amounts falling due within one year

7

362,944

102,055

NET CURRENT LIABILITIES

(17,682

)

(10,203

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

110,117

103,031

CREDITORS

Amounts falling due after more than one
year

8

(63,024

)

(50,284

)

PROVISIONS FOR LIABILITIES

(31,925

)

(20,712

)

NET ASSETS

15,168

32,035

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

15,068

31,935

15,168

32,035

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

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

The director acknowledges his 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 director and authorised for issue on 10 March 2026 and were signed by:

W R Alexander - Director

1.	STATUTORY INFORMATION

Otis & Belle Ltd 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

in accordance with the property

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 45 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 August 2024

10,992

87,848

36,695

Additions

-

37,847

-

At 31 July 2025

10,992

125,695

36,695

DEPRECIATION

At 1 August 2024

8,796

17,124

24,618

Charge for year

2,196

10,857

3,083

At 31 July 2025

10,992

27,981

27,701

NET BOOK VALUE

At 31 July 2025

-

97,714

8,994

At 31 July 2024

2,196

70,724

12,077

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 August 2024

46,226

2,367

184,128

Additions

-

37,847

At 31 July 2025

46,226

2,367

221,975

DEPRECIATION

At 1 August 2024

18,520

1,936

70,994

Charge for year

6,926

220

23,282

At 31 July 2025

25,446

2,156

94,276

NET BOOK VALUE

At 31 July 2025

20,780

211

127,699

At 31 July 2024

27,706

431

113,134

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 August 2024

41,299

33,962

75,261

Additions

37,303

-

37,303

At 31 July 2025

78,602

33,962

112,564

DEPRECIATION

At 1 August 2024

4,130

12,053

16,183

Charge for year

7,447

5,477

12,924

At 31 July 2025

11,577

17,530

29,107

NET BOOK VALUE

At 31 July 2025

67,025

16,432

83,457

At 31 July 2024

37,169

21,909

59,078

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

and 31 July 2025

100

NET BOOK VALUE

At 31 July 2025

100

At 31 July 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

227

Other debtors

326,877

84,491

326,877

84,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts (see note 9)

22,102

14,315

Trade creditors

9,225

18,973

Taxation and social security

20,380

28,708

Other creditors

311,237

40,059

362,944

102,055

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Hire purchase contracts (see note 9)

63,024

50,284

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

22,102

14,315

Between one and five years

63,024

50,284

85,126

64,599

Non-cancellable

operating leases

2025

2024

£

Within one year

14,000

Between one and five years

56,000

-

70,000

14,000

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £53,000 (2024 - £17,500) were paid to the director .

Included within creditors is a director's current account in the sum of £2,878 (2024: £10,576). The account is unsecured, interest free and carries no fixed date of repayment.

Also included within creditors: amounts falling due within one year is a loan provided by Otis & Belle Broadway Limited a company in which the director has an interest, in the sum of £179,526 (2024: £25,250). The loan is unsecured, interest free and carries no fixed date of repayment.

Included within debtors: amounts falling due within one year is a loan provided to Otis & Belle Bakeries Limited a company in which the director has an interest, in the sum of £310,422 (2024: £61,609). The loan is unsecured, interest free and carries no fixed date of repayment.

Also included within debtors: amounts falling due within one year is a loan provided to Otis & Belle Stow Limited a company in which the director has an interest, in the sum of £14,282 (2024: £125,173). The loan is unsecured, interest free and carries no fixed date of repayment.