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REGISTERED NUMBER: 11302531 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Blade Flooring Ltd

Blade Flooring Ltd (Registered number: 11302531)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Blade Flooring Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: T Hill
T F Dodsworth





SECRETARY: T F Dodsworth





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 11302531 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Blade Flooring Ltd (Registered number: 11302531)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 212,757 131,678

CURRENT ASSETS
Stocks 353,858 -
Debtors 6 2,479,777 2,669,672
Cash at bank 2,904,591 1,139,226
5,738,226 3,808,898
CREDITORS
Amounts falling due within one year 7 877,863 1,372,506
NET CURRENT ASSETS 4,860,363 2,436,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,073,120

2,568,070

CREDITORS
Amounts falling due after more than one
year

8

(112,099

)

(36,505

)

PROVISIONS FOR LIABILITIES (40,191 ) (1,957 )
NET ASSETS 4,920,830 2,529,608

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 20 20
Retained earnings 4,920,810 2,529,588
4,920,830 2,529,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Blade Flooring Ltd (Registered number: 11302531)

Statement of Financial Position - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:




T Hill - Director



T F Dodsworth - Director


Blade Flooring Ltd (Registered number: 11302531)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Blade Flooring 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.

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


2. STATEMENT OF COMPLIANCE

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.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Blade Flooring Ltd (Registered number: 11302531)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

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 15 (2022 - 15 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 64,114 5,384 104,949 27,362 201,809
Additions 2,680 4,366 124,098 7,002 138,146
Disposals - - (29,031 ) - (29,031 )
At 31 March 2023 66,794 9,750 200,016 34,364 310,924
DEPRECIATION
At 1 April 2022 16,029 4,311 35,624 14,167 70,131
Charge for year 16,307 1,223 23,359 8,102 48,991
Eliminated on disposal - - (20,955 ) - (20,955 )
At 31 March 2023 32,336 5,534 38,028 22,269 98,167
NET BOOK VALUE
At 31 March 2023 34,458 4,216 161,988 12,095 212,757
At 31 March 2022 48,085 1,073 69,325 13,195 131,678

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,310,228 2,181,778
Amounts recoverable on contracts - 339,228
VAT 132,262 143,183
Prepayments 37,287 5,483
2,479,777 2,669,672

Blade Flooring Ltd (Registered number: 11302531)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases 18,019 20,488
Trade creditors 285,466 766,934
Tax 445,993 481,459
Social security and other taxes 59,695 93,535
Other creditors 1,830 1,988
Directors' current accounts 4,460 3,060
Accrued expenses 62,400 5,042
877,863 1,372,506

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases 112,099 36,505

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments of £36,505 at 31/03/2023 and £56,992 as at 31/03/2022.