Registered number
05754770
WILLIAM BLYTH LIMITED
Filleted Accounts
31 March 2022
WILLIAM BLYTH LIMITED
Registered number: 05754770
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 4 - 655,339
Current assets
Debtors 5 - 9,015
Cash at bank and in hand 21,390 69,659
21,390 78,674
Creditors: amounts falling due within one year 6 (8,689) (821,800)
Net current assets/(liabilities) 12,701 (743,126)
Total assets less current liabilities 12,701 (87,787)
Provisions for liabilities - (6,905)
Net assets/(liabilities) 12,701 (94,692)
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,601 (94,792)
Shareholders' funds 12,701 (94,692)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr H Harrison
Director
Approved by the board on 19 July 2022
WILLIAM BLYTH LIMITED
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Government grants
Government grants are recognised in the Financial Statements, as ‘Other operating income’ in the Profit and Loss Account, as they accrue to the company. Government grants receivable are shown separately, as income, and not off-set against payroll or expenditure (to which they relate). Material amounts receivable by the company at the year-end are accrued for as ‘Other debtors’ on the Balance Sheet.
3 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 11
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2021 696,521 82,637 779,158
Additions 189 - 189
Disposals (696,710) (82,637) (779,347)
At 31 March 2022 - - -
Depreciation
At 1 April 2021 62,676 61,143 123,819
On disposals (62,676) (61,143) (123,819)
At 31 March 2022 - - -
Net book value
At 31 March 2022 - - -
At 31 March 2021 633,845 21,494 655,339
5 Debtors 2022 2021
£ £
Trade debtors - 1,283
Prepayments - 675
Other debtors - 7,057
- 9,015
6 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 234 13,675
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 793,449
Taxation and social security costs 8,455 12,429
Accruals - 247
Other creditors - 2,000
8,689 821,800
7 Related party transactions
During the year the company entered into the following transactions with related parties:
Purchase of goods or services 2022 2021
£ £
Other related entities 11,654 3,597
11,654 3,597
The following amounts were outstanding at the reporting year end date
Amounts owed to related parties
2022 2021
£ £
Entities who are part of the same group 0 793,449
0 793,449
Amounts owed by related parties
2022 2021
£ £
Other related entities 0 7,000
0 7,000
8 Controlling party
WILLIAM BLYTH LIMITED is a wholly owned subsidiary of Gordon Harrison Limited, it's registered office is: Monckton Manor , Chevet Lane, Notton, Wakefield . WF4 2PD
9 Other information
WILLIAM BLYTH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Monckton Manor
Chevet Lane
Notton
Wakefield
WF4 2PD
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