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REGISTERED NUMBER: 07579491 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Bells Enterprises Ltd

Bells Enterprises Ltd (Registered number: 07579491)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bells Enterprises Ltd

Company Information
for the Year Ended 31 March 2020







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 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 853,178 860,147
Tangible assets 5 524,405 571,678
1,377,583 1,431,825

CURRENT ASSETS
Stocks 198,521 161,570
Debtors 6 368,055 280,872
Cash at bank and in hand 62,911 227
629,487 442,669
CREDITORS
Amounts falling due within one year 7 550,961 528,883
NET CURRENT ASSETS/(LIABILITIES) 78,526 (86,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,456,109

1,345,611

CREDITORS
Amounts falling due after more than one
year

8

1,117,803

1,102,692
NET ASSETS 338,306 242,919

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 90,000 90,000
Retained earnings 248,206 152,819
SHAREHOLDERS' FUNDS 338,306 242,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 2020


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 13 May 2020 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 2020

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 27 (2019 - 21 ) .

Bells Enterprises Ltd (Registered number: 07579491)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2019 877,147
Additions 2,560
At 31 March 2020 879,707
AMORTISATION
At 1 April 2019 17,000
Charge for year 9,529
At 31 March 2020 26,529
NET BOOK VALUE
At 31 March 2020 853,178
At 31 March 2019 860,147

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2019 402,382 254,080 656,462
Additions - 12,201 12,201
At 31 March 2020 402,382 266,281 668,663
DEPRECIATION
At 1 April 2019 16,908 67,876 84,784
Charge for year 8,202 51,272 59,474
At 31 March 2020 25,110 119,148 144,258
NET BOOK VALUE
At 31 March 2020 377,272 147,133 524,405
At 31 March 2019 385,474 186,204 571,678

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 256,670 179,737
Other debtors 111,385 101,135
368,055 280,872

Bells Enterprises Ltd (Registered number: 07579491)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Bank loans and overdrafts - 33,073
Finance leases 16,450 84,133
Trade creditors 44,432 3,953
Taxation and social security 157,127 214,055
Other creditors 332,952 193,669
550,961 528,883

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.20 31.3.19
£    £   
Other creditors 1,117,803 1,102,692

Creditors greater than one year includes an amount of £37,531 (2019: £210,465) due from the company to the
sole director Ms J Bell.

9. RESERVES
Revaluation
reserve
£   
At 1 April 2019
and 31 March 2020 90,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms J M Bell.