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REGISTERED NUMBER: SC277786 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

B. L. FIXINGS LTD.

B. L. FIXINGS LTD. (REGISTERED NUMBER: SC277786)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B. L. FIXINGS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: B Crangle





SECRETARY: G Rennie





REGISTERED OFFICE: Unit Q
Parkway Point
Springhill Parkway
Baillieston
G69 6GA





REGISTERED NUMBER: SC277786 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

B. L. FIXINGS LTD. (REGISTERED NUMBER: SC277786)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,284 2,196

CURRENT ASSETS
Stocks 5 19,750 19,247
Debtors 6 58,277 66,676
Cash at bank and in hand 362,471 472,878
440,498 558,801
CREDITORS
Amounts falling due within one year 7 76,396 201,494
NET CURRENT ASSETS 364,102 357,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,386

359,503

PROVISIONS FOR LIABILITIES 8 89 -
NET ASSETS 365,297 359,503

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 364,297 358,503
SHAREHOLDERS' FUNDS 365,297 359,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

B. L. FIXINGS LTD. (REGISTERED NUMBER: SC277786)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





B Crangle - Director


B. L. FIXINGS LTD. (REGISTERED NUMBER: SC277786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

B. L. Fixings Ltd. is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

B. L. FIXINGS LTD. (REGISTERED NUMBER: SC277786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2021 13,070 9,550 22,620
Additions 219 - 219
At 31 December 2021 13,289 9,550 22,839
DEPRECIATION
At 1 January 2021 10,875 9,549 20,424
Charge for year 1,131 - 1,131
At 31 December 2021 12,006 9,549 21,555
NET BOOK VALUE
At 31 December 2021 1,283 1 1,284
At 31 December 2020 2,195 1 2,196

5. STOCKS
31.12.21 31.12.20
£    £   
Stock 19,750 19,247

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 49,980 49,785
Deferred tax asset - 7,218
Prepayments and accrued income 8,297 9,673
58,277 66,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 532 738
Loan - 17,500
Trade creditors 56,357 58,003
Corporation tax (1,711 ) 15,220
Payroll taxation 5,199 2,918
Pension fund control 550 1,246
VAT 6,969 7,690
Wages control (877 ) -
Directors' current accounts 7,819 57,239
Accrued charges 1,558 40,940
76,396 201,494

B. L. FIXINGS LTD. (REGISTERED NUMBER: SC277786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. PROVISIONS FOR LIABILITIES
31.12.21
£   
Deferred tax 89

Deferred
tax
£   
Balance at 1 January 2021 (7,218 )
Provided during year 7,307
Balance at 31 December 2021 89

9. ULTIMATE CONTROLLING PARTY

The controlling party is B Crangle.