COMPANY REGISTRATION NUMBER:
01485155
|
Belmonte Business Equipment Limited |
|
|
Filleted Unaudited Abridged Financial Statements |
|
|
Belmonte Business Equipment Limited |
|
|
Abridged Statement of Financial Position |
|
31 March 2026
Fixed assets
|
Tangible assets |
5 |
|
379,267 |
382,795 |
|
|
|
|
|
Current assets
|
Stocks |
218,299 |
|
203,556 |
|
Debtors |
64,530 |
|
32,792 |
|
Cash at bank and in hand |
4 |
|
28,327 |
|
--------- |
|
--------- |
|
282,833 |
|
264,675 |
|
|
|
|
|
Creditors: amounts falling due within one year |
283,763 |
|
238,691 |
|
--------- |
|
--------- |
|
Net current (liabilities)/assets |
|
(
930) |
25,984 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
378,337 |
408,779 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
2,838 |
13,513 |
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
27,369 |
27,085 |
|
|
--------- |
--------- |
|
Net assets |
|
348,130 |
368,181 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Revaluation reserve |
|
112,012 |
114,298 |
|
Profit and loss account |
|
236,018 |
253,783 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
348,130 |
368,181 |
|
|
--------- |
--------- |
|
|
|
|
These abridged 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 abridged statement of comprehensive income has not been delivered.
For the year ending 31 March 2026 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 abridged 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 abridged financial statements
.
|
Belmonte Business Equipment Limited |
|
|
Abridged Statement of Financial Position (continued) |
|
31 March 2026
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
21 September 2026
, and are signed on behalf of the board by:
|
Mr D S Robertshaw |
|
Director |
|
Company registration number:
01485155
|
Belmonte Business Equipment Limited |
|
|
Notes to the Abridged Financial Statements |
|
Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 18 Haigh Park, Haigh Avenue, Whitehill Industrial Estate, Stockport, Cheshire, SK4 1QR.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents net invoiced sales of goods and services excluding Value Added Tax and is recognised when invoiced except in respect of service contracts where turnover is recognised when the company obtains the right to consideration subject to an adjustment to defer the amount invoiced in advance at the balance sheet date on a time apportionment basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax in the future. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less accumulated depreciation. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less subsequent accumulated depreciation. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset the excess shall be recognised in profit or loss.
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% straight line |
|
Office equipment |
- |
33% straight line |
|
Fixtures and fittings |
- |
15% reducing balance |
|
Motor vehicles |
- |
25% reducing balance |
|
|
|
|
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 stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2025:
8
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 April 2025 |
461,570 |
|
Additions |
6,000 |
|
--------- |
|
At 31 March 2026 |
467,570 |
|
--------- |
|
Depreciation |
|
|
At 1 April 2025 |
78,775 |
|
Charge for the year |
9,528 |
|
--------- |
|
At 31 March 2026 |
88,303 |
|
--------- |
|
Carrying amount |
|
|
At 31 March 2026 |
379,267 |
|
--------- |
|
At 31 March 2025 |
382,795 |
|
--------- |
|
|
Tangible assets held at valuation
The freehold property owned by the company and occupied as its business premises was revalued at £380,000 at the reporting date. This is based on an independent professional valuation carried out by Messrs. Impey & Company of 88 Lower Hillgate, Stockport as at 24 March 2025. The revaluation surplus has been taken to a separate non-distributable reserve in the balance sheet after providing for the deferred tax arising thereon.