Company Registration No. 00866933 (England and Wales)
Blackman & White Limited
Unaudited accounts
for the year ended 31 March 2022
Blackman & White Limited
Statement of financial position
as at 31 March 2022
Tangible assets
159,535
208,608
Inventories
436,135
329,390
Cash at bank and in hand
174,373
280,399
Creditors: amounts falling due within one year
(368,382)
(455,838)
Net current assets
384,827
537,103
Total assets less current liabilities
544,362
745,711
Creditors: amounts falling due after more than one year
(343,904)
(414,917)
Net assets
200,458
330,794
Called up share capital
90
90
Profit and loss account
200,368
330,704
Shareholders' funds
200,458
330,794
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2022 and were signed on its behalf by
L White
Director
Company Registration No. 00866933
Blackman & White Limited
Notes to the Accounts
for the year ended 31 March 2022
Blackman & White Limited is a private company, limited by shares, registered in England and Wales, registration number 00866933. The registered office is Unit 8, The Street Industrial Estate, Maldon, Essex, CM9 4XB, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the manufacture of equipment 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 are included at cost less accumulated amortisation.
Additions to intagible assets are written off in the year they are incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor vehicles
3 Years, or length of lease, which ever is longer
Fixtures & fittings
3 Years
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases, operating leases which are not classified as rentals and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Expenditure on research and development is written off in the year in which it is incurred.
Blackman & White Limited
Notes to the Accounts
for the year ended 31 March 2022
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
At 31 March 2022
3,837,164
At 31 March 2022
3,837,164
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
593,414
126,965
48,348
768,727
At 31 March 2022
593,414
126,965
50,278
770,657
At 1 April 2021
473,744
46,613
39,762
560,119
Charge for the year
30,187
16,916
3,900
51,003
At 31 March 2022
503,931
63,529
43,662
611,122
At 31 March 2022
89,483
63,436
6,616
159,535
At 31 March 2021
119,670
80,352
8,586
208,608
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
86,445
115,260
- Motor vehicles
63,436
80,352
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Debtors: amounts falling due within one year
2022
2021
Trade debtors
85,255
328,914
Accrued income and prepayments
7,326
7,326
Other debtors
47,877
40,870
Blackman & White Limited
Notes to the Accounts
for the year ended 31 March 2022
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
58,897
102,503
Obligations under finance leases and hire purchase contracts
49,823
64,849
Trade creditors
271,119
267,445
Taxes and social security
21,206
19,668
Other creditors
3,514
1,373
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Creditors: amounts falling due after more than one year
2022
2021
Bank loans
186,612
189,544
Obligations under finance leases and hire purchase contracts
44,100
92,208
Amounts owed to group undertakings and other participating interests
113,192
133,165
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Operating lease commitments
2022
2021
At 31 March 2022 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
12,406
228
Within two to five years
-
122,119
The company is a 100% subsidiary of B W Cutters Limited (0551066). Registered Office and principal place of business at Unit 8, The Street Industrial Estate, Maldon, Essex, CM9 4XB
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Average number of employees
During the year the average number of employees was 23 (2021: 21).