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REGISTERED NUMBER: 07579491 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Bells Enterprises Ltd

Bells Enterprises Ltd (Registered number: 07579491)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bells Enterprises Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTOR: Ms J M Bell





REGISTERED OFFICE: Bells Accountants
10a Chislehurst 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 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 161,500 170,000
Tangible assets 5 526,979 370,958
688,479 540,958

CURRENT ASSETS
Stocks 104,239 62,768
Debtors 6 389,085 296,304
Cash at bank and in hand 7,422 5,628
500,746 364,700
CREDITORS
Amounts falling due within one year 7 356,990 339,316
NET CURRENT ASSETS 143,756 25,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,235

566,342

CREDITORS
Amounts falling due after more than one
year

8

679,072

532,265
NET ASSETS 153,163 34,077

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 90,000 -
Retained earnings 63,063 33,977
SHAREHOLDERS' FUNDS 153,163 34,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2018


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 16 April 2018 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 2018

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 9 (2017 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 170,000
AMORTISATION
Charge for year 8,500
At 31 March 2018 8,500
NET BOOK VALUE
At 31 March 2018 161,500
At 31 March 2017 170,000

Bells Enterprises Ltd (Registered number: 07579491)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2017 312,382 74,732 387,114
Additions - 92,343 92,343
Revaluations 90,000 - 90,000
At 31 March 2018 402,382 167,075 569,457
DEPRECIATION
At 1 April 2017 - 16,156 16,156
Charge for year 8,540 17,782 26,322
At 31 March 2018 8,540 33,938 42,478
NET BOOK VALUE
At 31 March 2018 393,842 133,137 526,979
At 31 March 2017 312,382 58,576 370,958

Cost or valuation at 31 March 2018 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 402,382 - 402,382
Cost - 167,075 167,075
402,382 167,075 569,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 48,585 51,636
Other debtors 340,500 244,668
389,085 296,304

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 55,582 46,764
Finance leases 98,753 102,009
Trade creditors 47,370 30,913
Taxation and social security 65,480 27,615
Other creditors 89,805 132,015
356,990 339,316

Bells Enterprises Ltd (Registered number: 07579491)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Other creditors 679,072 532,265

Creditors greater than one year includes an amount of £173,440 (2017: £49,605) due from the company to the
sole director Ms J Bell.

9. RESERVES
Revaluation
reserve
£   
Revaluation 90,000

At 31 March 2018 90,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms J M Bell.