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REGISTERED NUMBER: 03762380















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Blakes of Farnham Limited

Blakes of Farnham Limited (Registered number: 03762380)






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


Blakes of Farnham Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs V Blake
Mr S Blake





SECRETARY: Mrs V Blake





REGISTERED OFFICE: 3 Bowling Alley
Crondhall
Farnham
Surrey
GU10 5RJ





REGISTERED NUMBER: 03762380





ACCOUNTANT: E T McLoughlin FCCA ATT
13 Beta Road
Farnborough
Hampshire
GU14 8PG

Blakes of Farnham Limited (Registered number: 03762380)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,608 14,896

CURRENT ASSETS
Stocks 35,000 53,540
Debtors 5 86,813 132,047
Cash in hand 1,345 1,297
123,158 186,884
CREDITORS
Amounts falling due within one year 6 120,873 189,883
NET CURRENT ASSETS/(LIABILITIES) 2,285 (2,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,893

11,897

CREDITORS
Amounts falling due after more than one
year

7

-

3,763
NET ASSETS 6,893 8,134

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,793 8,034
SHAREHOLDERS' FUNDS 6,893 8,134

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.

Blakes of Farnham Limited (Registered number: 03762380)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:




Mrs V Blake - Director



Mr S Blake - Director


Blakes of Farnham Limited (Registered number: 03762380)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Blakes of Farnham Limited is a private company, limited by shares , registered in Not specified/Other. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Blakes of Farnham Limited (Registered number: 03762380)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 3 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 15,632 4,183 16,495 60,467 96,777
Additions - - - 316 316
Disposals - - (16,495 ) - (16,495 )
At 30 September 2023 15,632 4,183 - 60,783 80,598
DEPRECIATION
At 1 October 2022 15,280 3,074 7,216 56,311 81,881
Charge for year 88 277 - 960 1,325
Eliminated on disposal - - (7,216 ) - (7,216 )
At 30 September 2023 15,368 3,351 - 57,271 75,990
NET BOOK VALUE
At 30 September 2023 264 832 - 3,512 4,608
At 30 September 2022 352 1,109 9,279 4,156 14,896

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 16,495
Disposals (16,495 )
At 30 September 2023 -
DEPRECIATION
At 1 October 2022 7,216
Eliminated on disposal (7,216 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 9,279

Blakes of Farnham Limited (Registered number: 03762380)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 84,939 121,236
Other debtors 1,874 10,811
86,813 132,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 32,636 40,250
Hire purchase contracts - 3,593
Trade creditors 69,918 120,937
Taxation and social security 10,528 17,136
Other creditors 7,791 7,967
120,873 189,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts - 3,763

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 10,450 14,459

The bank overdraft is secured by a floating charge over the assets of the company. The floating charge can be converted to a fixed charge at the discretion of the bank.