P.K. BELL LIMITED

P.K. BELL LIMITED

P.K. BELL LIMITED - Company Information

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P.K. BELL LIMITED

Company Registration Number:
05124040 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

P.K. BELL LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

P.K. BELL LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 199,781 231,085
Total fixed assets: 199,781 231,085
Current assets
Debtors:   41,482 60,322
Cash at bank and in hand: 158,827 102,004
Total current assets: 200,309 162,326
Creditors: amounts falling due within one year:   (220,288) (163,384)
Net current assets (liabilities): (19,979) (1,058)
Total assets less current liabilities: 179,802 230,027
Creditors: amounts falling due after more than one year:   (76,304) (120,868)
Provision for liabilities: (37,958) (43,906)
Total net assets (liabilities): 65,540 65,253
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 65,340 65,053
Shareholders funds: 65,540 65,253

The notes form part of these financial statements

P.K. BELL LIMITED

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2020
and signed on behalf of the board by:

Name: P K Bell
Status: Director

The notes form part of these financial statements

P.K. BELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

TurnoverTurnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

DepreciationDepreciation 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:Plant and machinery - 15% straight lineFittings fixtures and equipment - 15%Motor vehicles - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which therelated service is provided. Prepaid contributions are recognised as an asset to the extent that theprepayment will lead to a reduction in future payments or a cash refund.When contributions are not expected to be settled wholly within 12 months of the end of the reportingdate in which the employees render the related service, the liability is measured on a discountedpresent value basis. The unwinding of the discount is recognised in finance costs in profit or loss in theperiod in which it arises.

P.K. BELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 19 19

P.K. BELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible Assets

Total
Cost £
At 01 April 2019 555,938
Additions 30,500
At 31 March 2020 586,438
Depreciation
At 01 April 2019 324,853
Charge for year 61,804
At 31 March 2020 386,657
Net book value
At 31 March 2020 199,781
At 31 March 2019 231,085