Bellcorp Limited - Filleted accounts

Registered number

07752775

Bellcorp Limited

Filleted Accounts

31 August 2025

Bellcorp Limited
Registered number:		07752775
Balance Sheet
as at 31 August 2025

Notes			2025		2024
			£		£
Fixed assets
Tangible assets	3		399,221		451,830

Current assets
Stocks		846,463		624,058
Debtors	4	55,074		172,149
Cash at bank and in hand		20,425		63,105
		921,962		859,312

Creditors: amounts falling due within one year	5	(471,343)		(328,591)

Net current assets			450,619		530,721

Total assets less current liabilities			849,840		982,551

Creditors: amounts falling due after more than one year	6		(193,377)		(233,219)

Provisions for liabilities			(21,992)		(35,851)


Net assets			634,471		713,481

Capital and reserves
Called up share capital			100		100
Profit and loss account			634,371		713,381

Shareholder's funds			634,471		713,481

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




L Bell
Director
Approved by the board on 11 March 2026

Bellcorp Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery					33% straight line
	Motor vehicles					25% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
						Number		Number

	Average number of persons employed by the company					8		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	311,449		28,321		233,524		573,294
	Additions	-		2,809		-		2,809
	At 31 August 2025	311,449		31,130		233,524		576,103

	Depreciation
	At 1 September 2024	-		30,399		91,065		121,464
	Charge for the year	-		731		54,687		55,418
	At 31 August 2025	-		31,130		145,752		176,882

	Net book value
	At 31 August 2025	311,449		-		87,772		399,221
	At 31 August 2024	311,449		(2,078)		142,459		451,830


	Freehold land and buildings:					2025		2024
						£		£
	Historical cost					311,449		311,449
	Cumulative depreciation based on historical cost					-		-
						311,449		311,449


4	Debtors					2025		2024
						£		£

	Trade debtors					45,611		130,537
	Other debtors					9,463		41,612
						55,074		172,149


5	Creditors: amounts falling due within one year					2025		2024
						£		£

	Bank loans and overdrafts					10,000		10,000
	Obligations under finance lease and hire purchase contracts					21,269		37,339
	Trade creditors					244,784		85,700
	Corporation tax					103,151		121,567
	Other taxes and social security costs					71,688		45,077
	Other creditors					20,451		28,908
						471,343		328,591


6	Creditors: amounts falling due after one year					2025		2024
						£		£

	Bank loans					165,831		174,801
	Obligations under finance lease and hire purchase contracts					27,546		58,418
						193,377		233,219


7	Loans					2025		2024
						£		£
	Creditors include:
	Instalments falling due for payment after more than five years					121,954		126,875


	Secured bank loans					175,831		184,800

	The Bank loans are secured on the freehold land & buidings held as Fixed Assets together with freehold land held as Stock, and are repayable by equal installments.

8	Loans to directors
	Description and conditions	B/fwd		Paid		Repaid		C/fwd
		£		£		£		£
	L Bell
	Directors loan account included in Other creditors/(debtors), repayable on demand	506,136		-		(506,136)		-

		506,136		-		(506,136)		-


9	Controlling party

	The controlling party is L Bell by virtue of his 100% share ownership
10	Other information

	Bellcorp Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Units 4 - 5
	Pegasus, Orion Court
	Great Blakenham
	Ipswich
	IP6 0LW