REGISTERED NUMBER: 11673665 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

BIS Wells Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L P Card

N E Frost

Mrs T Thompson

D J Kelly

A D Cossins

REGISTERED OFFICE:

Unit 17 - 23 Kingfisher Park

West Moors

Ferndown

Dorset

BH21 6US

REGISTERED NUMBER:

11673665 (England and Wales)

ACCOUNTANTS:

Stephen Penny and Partners Limited

Chartered Certified Accountants

and Business Advisors

898-902 Wimborne Road

Bournemouth

Dorset

BH9 2DW

FIXED ASSETS

Intangible assets

4

5,833

7,833

Tangible assets

5

44,780

58,183

50,613

66,016

CURRENT ASSETS

Stocks

146,833

115,887

Debtors

6

86,598

57,280

Cash at bank and in hand

67,522

111,602

300,953

284,769

CREDITORS

Amounts falling due within one year

7

528,294

464,891

NET CURRENT LIABILITIES

(227,341

)

(180,122

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(176,728

)

(114,106

)

CREDITORS

Amounts falling due after more than one year

8

-

113,388

NET LIABILITIES

(176,728

)

(227,494

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(176,828

)

(227,594

)

(176,728

)

(227,494

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 18 September 2026 and were signed on its behalf by:

Mrs T Thompson - Director

1.	STATUTORY INFORMATION

BIS Wells 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

20% on reducing balance

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

20,000

AMORTISATION

At 1 January 2025

12,167

Charge for year

2,000

At 31 December 2025

14,167

NET BOOK VALUE

At 31 December 2025

5,833

At 31 December 2024

7,833

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

30,694

57,346

88,040

Additions

-

1,436

1,436

At 31 December 2025

30,694

58,782

89,476

DEPRECIATION

At 1 January 2025

8,682

21,175

29,857

Charge for year

7,139

7,700

14,839

At 31 December 2025

15,821

28,875

44,696

NET BOOK VALUE

At 31 December 2025

14,873

29,907

44,780

At 31 December 2024

22,012

36,171

58,183

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

42,887

12,070

Amounts recoverable on contract

19,213

14,221

Other debtors

24,498

30,989

86,598

57,280

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Payments on account

10,214

43,293

Trade creditors

389,349

347,983

Taxation and social security

9,351

-

Other creditors

119,380

73,615

528,294

464,891

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

-

113,388

9.	RELATED PARTY DISCLOSURES

During the year the company made purchases from and was charged management charges of £377,742 (2024 £327,675) and rent of £2,167 (2024 £nil) from BIS Valves Limited.

During the year the company made sales to BIS Valves Limited of £4,094 (2024 £34,907).

As at 31 December 2025 the company owed loans to BIS Valves Limited of £112,651 (2024 £184,653) and £358,605 (2024 £332,058) of creditors.

BIS Valves Limited is the parent company of BIS Wells Limited.