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REGISTERED NUMBER: 07579491 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

Bells Enterprises Ltd

Bells Enterprises Ltd (Registered number: 07579491)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bells Enterprises Ltd

Company Information
for the Year Ended 31 March 2019







DIRECTOR: Ms J M Bell





REGISTERED OFFICE: 10a High Street
Chislehurst
Kent
BR7 5AN





REGISTERED NUMBER: 07579491 (England and Wales)





ACCOUNTANTS: Bells Accountants
10a High Street
Chislehurst
Kent
BR7 5AN

Bells Enterprises Ltd (Registered number: 07579491)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 860,147 161,500
Tangible assets 5 571,678 526,979
1,431,825 688,479

CURRENT ASSETS
Stocks 161,570 104,239
Debtors 6 280,872 389,085
Cash at bank and in hand 227 7,422
442,669 500,746
CREDITORS
Amounts falling due within one year 7 528,883 356,990
NET CURRENT (LIABILITIES)/ASSETS (86,214 ) 143,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,345,611

832,235

CREDITORS
Amounts falling due after more than one
year

8

1,102,692

679,072
NET ASSETS 242,919 153,163

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 90,000 90,000
Retained earnings 152,819 63,063
SHAREHOLDERS' FUNDS 242,919 153,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Bells Enterprises Ltd (Registered number: 07579491)

Balance Sheet - continued
31 March 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 24 July 2019 and were signed by:





Ms J M Bell - Director


Bells Enterprises Ltd (Registered number: 07579491)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Bells Enterprises 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2018 - 9 ) .

Bells Enterprises Ltd (Registered number: 07579491)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2018 170,000
Additions 707,147
At 31 March 2019 877,147
AMORTISATION
At 1 April 2018 8,500
Charge for year 8,500
At 31 March 2019 17,000
NET BOOK VALUE
At 31 March 2019 860,147
At 31 March 2018 161,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2018 402,382 167,125 569,507
Additions - 86,955 86,955
At 31 March 2019 402,382 254,080 656,462
DEPRECIATION
At 1 April 2018 8,540 33,938 42,478
Charge for year 8,368 33,938 42,306
At 31 March 2019 16,908 67,876 84,784
NET BOOK VALUE
At 31 March 2019 385,474 186,204 571,678
At 31 March 2018 393,842 133,187 527,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 179,737 48,585
Other debtors 101,135 340,500
280,872 389,085

Bells Enterprises Ltd (Registered number: 07579491)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Bank loans and overdrafts 33,073 55,582
Finance leases 84,133 98,753
Trade creditors 3,953 47,370
Taxation and social security 214,055 65,480
Other creditors 193,669 89,805
528,883 356,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.19 31.3.18
£    £   
Other creditors 1,102,692 679,072

Creditors greater than one year includes an amount of £210,465 (2018: £173,440) due from the company to the
sole director Ms J Bell.

9. RESERVES
Revaluation
reserve
£   
At 1 April 2018
and 31 March 2019 90,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms J M Bell.