Accounts


	BELLS ENGINEERING PRODUCTS LIMITED


	ABBREVIATED UNAUDITED ACCOUNTS


	FOR THE YEAR ENDED 31 MARCH 2016
























	INDEX TO THE ACCOUNTS



	Pages

	1	Abbreviated Balance Sheet

	2-3	Notes to the Abbreviated Accounts

BELLS ENGINEERING PRODUCTS LIMITED
Company registered number: 03435037
ABBREVIATED BALANCE SHEET
AT 31 March 2016

	Note		2016	2015
		£	£	£
FIXED ASSETS
Tangible Assets	2		18,652	4,920

CURRENT ASSETS
Stock	1c	8,900		8,900
Debtors falling due within one year		361,817		379,014
Cash at bank and in hand		193,142		119,744
		563,859		507,658
CREDITORS: Amounts falling due within one year		242,916		158,174
NET CURRENT ASSETS			320,943	349,484
NET ASSETS			£339,595	£354,404

CAPITAL AND RESERVES
Called up share capital	3		100	100
Profit and loss account			339,495	354,304
SHAREHOLDERS' FUNDS			£339,595	£354,404


	In approving these financial statements as directors of the company we hereby confirm the following:
	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	Directors' responsibilities:
	1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
	2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

	These abbreviated accounts were approved by the board of directors on 21 November 2016



	P Edgar, Director


	The notes on pages 2 to 3 form part of these accounts
	page 1

	NOTES TO THE ABBREVIATED ACCOUNTS
	FOR THE YEAR ENDED 31 MARCH 2016



1a.	Basis of accounting

	The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).



1b.	Tangible fixed assets

	Fixed assets are shown at historical cost.

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.


	Plant and machinery	Reducing balance 25%
	Vehicles	Reducing balance 25%
	Fixtures and fittings	Reducing balance 15%
	Equipment	Reducing balance 25%



1c.	Stocks

	Stocks are stated at the lower of cost and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first-in, first-out basis, including transport.



1d.	Taxation

	Corporation tax payable is provided on taxable profits at the current rate.



1e.	Pensions

	The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.



1f.	Turnover

	Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.

	page 2

	BELLS ENGINEERING PRODUCTS LIMITED
	NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 MARCH 2016



3.	SHARE CAPITAL	2016	2015
		£	£
	Allotted, issued and fully paid:

	100 Ordinary shares of £1 each	£100	£100



4.	TRANSACTIONS WITH AND LOANS TO DIRECTORS

	Loans to directors

	Included in other debtors are loans to directors. They are unsecured, interest free and repayable on demand.
		2016	2015
		£	£
	Directors current account	368	3,519

page 3