The Bell Cleaning Company Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04609686 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

FOR

THE BELL CLEANING COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr NA Bell

Mrs J Bell

SECRETARY:

Mrs J Bell

REGISTERED OFFICE:

Ossington Chambers

6/8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

04609686 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

25,291

33,818

25,291

33,818

CURRENT ASSETS

Stocks

410

407

Debtors

6

59,146

61,770

Cash at bank

78,236

84,926

137,792

147,103

CREDITORS

Amounts falling due within one year

7

71,399

74,447

NET CURRENT ASSETS

66,393

72,656

TOTAL ASSETS LESS CURRENT LIABILITIES

91,684

106,474

CREDITORS

Amounts falling due after more than one year

8

(1,249

)

(6,379

)

PROVISIONS FOR LIABILITIES

9

(1,633

)

(2,775

)

NET ASSETS

88,802

97,320

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

88,702

97,220

SHAREHOLDERS' FUNDS

88,802

97,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors on 29th May 2017 and were signed on its behalf by:

Mr NA Bell - Director

Mrs J Bell - Director

1.	STATUTORY INFORMATION

The Bell Cleaning Company 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.

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 2002, 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2016 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

36,000

AMORTISATION

At 1st April 2016

and 31st March 2017

36,000

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2016

36,915

27,499

64,414

Additions

1,267

-

1,267

Disposals

-

(3,700

)

(3,700

)

At 31st March 2017

38,182

23,799

61,981

DEPRECIATION

At 1st April 2016

24,377

6,219

30,596

Charge for year

1,988

4,492

6,480

Eliminated on disposal

-

(386

)

(386

)

At 31st March 2017

26,365

10,325

36,690

NET BOOK VALUE

At 31st March 2017

11,817

13,474

25,291

At 31st March 2016

12,538

21,280

33,818

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Trade debtors

55,426

58,040

Prepayments

3,720

3,730

59,146

61,770

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Hire purchase contracts

5,130

5,130

Trade creditors

4,513

3,079

Tax

14,975

18,798

Social security and other taxes

3,083

2,706

VAT

5,453

8,419

Directors' current accounts

29,337

27,446

Accrued expenses

8,908

8,869

71,399

74,447

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/17

31/3/16

£

£

Hire purchase contracts

1,249

6,379

9.	PROVISIONS FOR LIABILITIES

31/3/17

31/3/16

£

£

Deferred tax

1,633

2,775

Deferred

tax

£

Balance at 1st April 2016

2,775

Advanced capital allowances

(1,142

)

Balance at 31st March 2017

1,633

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/17

31/3/16

value:

£

£

38

"A" Ordinary

£1

38

38

24

"D" Ordinary

£1

24

24

38

"B" Ordinary

£1

38

38

100

100

11.

RESERVES

Retained

earnings

£

At 1st April 2016

97,220

Profit for the year

55,482

Dividends

(64,000

)

At 31st March 2017

88,702

12.	CONTINGENT LIABILITIES

There were no contingent liabilities at 31st March 2017 and 31st March 2016.

13.	CAPITAL COMMITMENTS

31/3/17

31/3/16

£

£

Contracted but not provided for in the

financial statements

-

-

14.	ULTIMATE CONTROLLING PARTY

At 31st March 2017, Mr NA and Mrs J Bell together own 100% of the issued share capital of the company.

15.	FIRST TIME ADOPTION OF FINANCIAL REPORTING STANDARD 102

These financial statements are the first which the company has prepared in accordance with the provisions of

Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The

transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative

period at 1st April 2015, the income statement for the comparative period ended 31st March 2016 or the closing

balance sheet of the comparative period at 31st March 2016.