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 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

P.K. BELL LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

P.K. BELL LIMITED

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 204,504 227,476
Total fixed assets: 204,504 227,476
Current assets
Debtors:   75,830 26,003
Cash at bank and in hand: 218,895 326,721
Total current assets: 294,725 352,724
Creditors: amounts falling due within one year:   (200,666) (251,670)
Net current assets (liabilities): 94,059 101,054
Total assets less current liabilities: 298,563 328,530
Creditors: amounts falling due after more than one year:   (180,073) (152,370)
Provision for liabilities: (38,856) (43,220)
Total net assets (liabilities): 79,634 132,940
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 79,434 132,740
Shareholders funds: 79,634 132,940

The notes form part of these financial statements

P.K. BELL LIMITED

Balance sheet statements

For the year ending 31 March 2022 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 13 December 2022
and signed on behalf of the board by:

Name: L 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 2022

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

Turnover 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

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:Plant and machinery - 15% straight line Fittings fixtures and equipment - 15% reducing balanceMotor 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

ProvisionsProvisions are recognised when the entity has an obligation at the reporting date as a result of a pastevent; it is probable that the entity will be required to transfer economic benefits in settlement and theamount of the obligation can be estimated reliably. Provisions are recognised as a liability in thestatement 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 atthe reporting date and subsequently reviewed at each reporting date and adjusted to reflect the currentbest estimate of the amount that would be required to settle the obligation. Any adjustments to theamounts previously recognised are recognised in profit or loss unless the provision was originallyrecognised as part of the cost of an asset. When a provision is measured at the present value of theamount expected to be required to settle the obligation, the unwinding of the discount is recognised infinance costs in profit or loss in the period it arisesDefined 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 2022

2. Employees

2022 2021
Average number of employees during the period 24 20

P.K. BELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 670,398
Additions 60,358
Disposals (24,324)
At 31 March 2022 706,432
Depreciation
At 01 April 2021 442,922
Charge for year 67,524
On disposals (8,518)
At 31 March 2022 501,928
Net book value
At 31 March 2022 204,504
At 31 March 2021 227,476