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REGISTERED NUMBER: 12882869 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

BLADE GROUP LTD

BLADE GROUP LTD (REGISTERED NUMBER: 12882869)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLADE GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs M B Highsted
S B Highsted





REGISTERED OFFICE: Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP





REGISTERED NUMBER: 12882869 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

BLADE GROUP LTD (REGISTERED NUMBER: 12882869)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,952 1,430

CURRENT ASSETS
Debtors 6 3,984 7,303
Cash at bank 2,647 3,249
6,631 10,552
CREDITORS
Amounts falling due within one year 7 15,949 11,478
NET CURRENT LIABILITIES (9,318 ) (926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,366

)

504

PROVISIONS FOR LIABILITIES 8 488 272
NET (LIABILITIES)/ASSETS (7,854 ) 232

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (7,954 ) 132
SHAREHOLDERS' FUNDS (7,854 ) 232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 GROUP LTD (REGISTERED NUMBER: 12882869)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2023 and were signed on its behalf by:





S B Highsted - Director


BLADE GROUP LTD (REGISTERED NUMBER: 12882869)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Blade Group 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. 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.
Motor vehicles - 25% on reducing balance
Equipment - 25% on cost

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


BLADE GROUP LTD (REGISTERED NUMBER: 12882869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. ACCOUNTING POLICIES - continued
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.

Going concern
The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The directors have confirmed their intention to continue their support to the company for the foreseeable future.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such on the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

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

BLADE GROUP LTD (REGISTERED NUMBER: 12882869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 October 2022 1,519 968 2,487
Additions - 1,299 1,299
At 30 September 2023 1,519 2,267 3,786
DEPRECIATION
At 1 October 2022 676 381 1,057
Charge for year 211 566 777
At 30 September 2023 887 947 1,834
NET BOOK VALUE
At 30 September 2023 632 1,320 1,952
At 30 September 2022 843 587 1,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,604 2,994
Other debtors 429 429
Directors' current accounts - 3,880
Tax recoverable 1,951 -
3,984 7,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 129 6,234
VAT 1,814 3,210
Other creditors - 527
Directors' current accounts 11,452 -
Accruals and deferred income 2,554 1,507
15,949 11,478

BLADE GROUP LTD (REGISTERED NUMBER: 12882869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 488 272

Deferred
tax
£   
Balance at 1 October 2022 272
Provided during year 216
Balance at 30 September 2023 488

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mrs M B Highsted
Balance outstanding at start of year 1,940 (390 )
Amounts advanced 2,772 24,248
Amounts repaid (10,437 ) (21,918 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,725 ) 1,940

BLADE GROUP LTD (REGISTERED NUMBER: 12882869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S B Highsted
Balance outstanding at start of year 1,940 (390 )
Amounts advanced 2,772 24,248
Amounts repaid (10,437 ) (21,918 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,725 ) 1,940

11. RELATED PARTY DISCLOSURES

The company has made a loan to MSH Retail Ltd, with whom it shares directors. The loan is interest-free and repayable upon demand. At 30 September 2023 the balance on this loan was £429 (2022: £429).