Bell House Foods Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04199575

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

BELL HOUSE FOODS LIMITED

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

C J Botley

S C Botley

M J Botley

J C Bray

SECRETARY:

S C Botley

REGISTERED OFFICE:

Bell House

Bounds Cross

Biddenden

Ashford

Kent

TN27 8LD

BUSINESS ADDRESS:

Bell House

Bell Lane

Biddenden

Ashford

Kent

TN27 8LD

REGISTERED NUMBER:

04199575

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

89 King Street

Maidstone

Kent

ME14 1BG

FIXED ASSETS

Tangible assets

5

62,403

61,341

CURRENT ASSETS

Stocks

6

84,864

64,236

Debtors

7

172,576

180,500

Cash at bank and in hand

118,138

180,289

375,578

425,025

CREDITORS

Amounts falling due within one year

8

83,121

122,332

NET CURRENT ASSETS

292,457

302,693

TOTAL ASSETS LESS CURRENT LIABILITIES

354,860

364,034

CREDITORS

Amounts falling due after more than one year

9

(5,799

)

(4,887

)

PROVISIONS FOR LIABILITIES

(11,631

)

(10,872

)

NET ASSETS

337,430

348,275

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

287,430

298,275

SHAREHOLDERS' FUNDS

337,430

348,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 25 January 2018 and were signed on its behalf by:

S C Botley - Director

1.	STATUTORY INFORMATION

Bell House Foods Limited is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 transition to FRS102 took place on 1st May 2015.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2016

46,544

284,719

6,240

Additions

-

12,000

-

At 30 April 2017

46,544

296,719

6,240

DEPRECIATION

At 1 May 2016

46,544

239,591

6,240

Charge for year

-

17,522

-

Eliminated on disposal

-

-

-

At 30 April 2017

46,544

257,113

6,240

NET BOOK VALUE

At 30 April 2017

-

39,606

-

At 30 April 2016

-

45,128

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2016

44,090

4,228

385,821

Additions

19,149

-

31,149

Disposals

(10,995

)

-

(10,995

)

At 30 April 2017

52,244

4,228

405,975

DEPRECIATION

At 1 May 2016

28,204

3,901

324,480

Charge for year

7,599

327

25,448

Eliminated on disposal

(6,356

)

-

(6,356

)

At 30 April 2017

29,447

4,228

343,572

NET BOOK VALUE

At 30 April 2017

22,797

-

62,403

At 30 April 2016

15,886

327

61,341

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2016

30,990

Additions

16,349

Disposals

(10,995

)

At 30 April 2017

36,344

DEPRECIATION

At 1 May 2016

15,104

Charge for year

6,899

Eliminated on disposal

(6,356

)

At 30 April 2017

15,647

NET BOOK VALUE

At 30 April 2017

20,697

At 30 April 2016

15,886

6.

STOCKS

30.4.17

30.4.16

£

£

Stocks

84,864

64,236

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

155,656

162,606

Other debtors

16,920

17,894

172,576

180,500

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Hire purchase contracts

8,754

5,881

Trade creditors

46,199

52,707

Taxation

-

25,182

Other creditors

12,717

16,027

Other taxes and

social security

4,826

5,910

Accruals

2,950

2,950

Directors current accounts

7,675

13,675

83,121

122,332

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Hire purchase contracts

5,799

4,887

10.	FINANCIAL INSTRUMENTS

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an

asset's carrying amount and the present value of estimated cash flows discounted at the asset's original

effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any

impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference

between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the

company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of

the future payments and subsequently at amortised cost using the effective interest method. Debt instruments

that are payable or receivable within one year, typically trade payables or receivables, are measured, initially

and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or

received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the

payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a

market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is

measured, initially and subsequently, at the present value of the future payments discounted at a market rate of

interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when

there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis

or to realise the asset and settle the liability simultaneously.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the directors at the balance sheet date is shown in creditors falling due within one year.

The company operates from premises owned by Mr. and Mrs. C J Botley. The total rent charge for the year was

£19,200.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr. & Mrs. C J Botley

13.	FIRST YEAR ADOPTION

The transition to FRS 102 1A took place on 1 May 2015. There were no adjustments made to the comparative

figures as a result of the change to FRS 102 1A.