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REGISTERED NUMBER: 09997683 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BLAKES DESIGN LTD

BLAKES DESIGN LTD (REGISTERED NUMBER: 09997683)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


BLAKES DESIGN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: R E Blake





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 09997683 (England and Wales)






CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BLAKES DESIGN LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blakes Design Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Blakes Design Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blakes Design Ltd and state those matters that we have agreed to state to the director of Blakes Design Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blakes Design Ltd and its director for our work or for this report.

It is your duty to ensure that Blakes Design Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blakes Design Ltd. You consider that Blakes Design Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Blakes Design Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








24 October 2023

BLAKES DESIGN LTD (REGISTERED NUMBER: 09997683)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,198 24,340

CURRENT ASSETS
Stocks 5 220,074 114,431
Debtors 6 43,325 4,087
Cash at bank 16,595 101,118
279,994 219,636
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

161,834

139,448
NET CURRENT ASSETS 118,160 80,188
TOTAL ASSETS LESS CURRENT LIABILITIES 166,358 104,528

CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR

8

(20,991

)

(30,739

)

PROVISIONS FOR LIABILITIES 9 (9,158 ) (4,605 )
NET ASSETS 136,209 69,184

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 136,208 69,183
SHAREHOLDERS' FUNDS 136,209 69,184

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 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.

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 director and authorised for issue on 24 October 2023 and were signed by:




R E Blake - Director


BLAKES DESIGN LTD (REGISTERED NUMBER: 09997683)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Blakes Design 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the company obtains the right to consideration for sales of good or building services.

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 - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BLAKES DESIGN LTD (REGISTERED NUMBER: 09997683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 19,757 30,952 4,993 55,702
Additions 14,496 25,351 - 39,847
At 31 March 2023 34,253 56,303 4,993 95,549
DEPRECIATION
At 1 April 2022 4,440 23,975 2,947 31,362
Charge for year 5,138 9,827 1,024 15,989
At 31 March 2023 9,578 33,802 3,971 47,351
NET BOOK VALUE
At 31 March 2023 24,675 22,501 1,022 48,198
At 31 March 2022 15,317 6,977 2,046 24,340

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 10,700 10,000
Work-in-progress 209,374 104,431
220,074 114,431

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 24,507 -
Other debtors 4,672 -
VAT - 2,204
Prepayments 14,146 1,883
43,325 4,087

BLAKES DESIGN LTD (REGISTERED NUMBER: 09997683)

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
£    £   
Bank loans and overdrafts 10,677 10,927
Trade creditors 28,281 43,372
Tax 29,059 21,051
Social security and other taxes (531 ) 258
VAT 3,910 -
Other creditors 7,450 7,343
Directors' current accounts 76,508 26,524
Accrued expenses 6,480 29,973
161,834 139,448

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,427 10,677
Bank loans - 2-5 years 10,564 20,062
20,991 30,739

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 9,158 4,605

Deferred
tax
£   
Balance at 1 April 2022 4,605
Provided during year 4,553
Balance at 31 March 2023 9,158

10. RELATED PARTY DISCLOSURES

The company owes Director Mr R Blake £76,508 (£26,524 - 2022)

The loan is repayable on demand and does not bear interest.