Bell Group Holdings Limited - Period Ending 2015-08-31

Registration number: 06047554

Bell Group Holdings Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Bell Group Holdings Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Bell Group Holdings Limited
(Registration number: 06047554)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			743,576			564,621
Investments		2			4			4
					743,580			564,625
Current assets
Debtors					30,981			282,330
Cash at bank and in hand					1,057,073			343,051
					1,088,054			625,381
Creditors: Amounts falling due within one year					(204,299)			(106,944)
Net current assets					883,755			518,437
Total assets less current liabilities					1,627,335			1,083,062
Capital and reserves
Called up share capital		3			6			6
Profit and loss account					1,627,329			1,083,056
Shareholders' funds					1,627,335			1,083,062

For the year ending 31 August 2015 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.

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

Approved by the Board on 4 May 2016 and signed on its behalf by:

.........................................
Mrs C Bell
Company secretary and director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Bell Group Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Buildings	Straight line over 18-50 years
Land	Not depreciated

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Bell Group Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 September 2014		572,342			4			572,346
Additions		184,876			-			184,876
At 31 August 2015		757,218			4			757,222
Depreciation
At 1 September 2014		7,721			-			7,721
Charge for the year		5,921			-			5,921
At 31 August 2015		13,642			-			13,642
Net book value
At 31 August 2015		743,576			4			743,580
At 31 August 2014		564,621			4			564,625

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Bell Steel Fabrications Limited	United Kingdom	Ordinary	100%	Manufacture of fabricated metal products
Bell Silencer Services Limited	United Kingdom	Ordinary	100%	Installation of motor exhaust systems, motor repairs, manufacture of exhaust systems and general engineering

The profit for the financial period of Bell Steel Fabrications Limited was £383,443 and the aggregate amount of capital and reserves at the end of the period was £882,908.

The profit for the financial period of Bell Silencer Services Limited was £239,350 and the aggregate amount of capital and reserves at the end of the period was £366,102.

Page 3

Bell Group Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		6			6			6			6

4

Control

The company is controlled by Mrs C Bell and M A Bell by virtue of their shareholding in the company.

Page 4