IRIS Accounts Production v23.2.0.158 08947592 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089475922022-03-31089475922023-03-31089475922022-04-012023-03-31089475922021-03-31089475922021-04-012022-03-31089475922022-03-3108947592ns10:Originalns15:EnglandWales2022-04-012023-03-3108947592ns14:PoundSterlingns10:Original2022-04-012023-03-3108947592ns10:Originalns10:Director12022-04-012023-03-3108947592ns10:Original2022-04-012023-03-3108947592ns10:Original2023-03-3108947592ns10:Originalns10:CompanyLimitedByGuarantee2022-04-012023-03-3108947592ns10:Originalns10:SmallEntities2022-04-012023-03-3108947592ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108947592ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108947592ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108947592ns10:Originalns10:FullAccounts2022-04-012023-03-3108947592ns10:Originalns10:Director22022-04-012023-03-3108947592ns10:Originalns10:Director32022-04-012023-03-3108947592ns10:Originalns10:Director42022-04-012023-03-3108947592ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108947592ns10:Original2022-03-3108947592ns10:Originalns5:CurrentFinancialInstruments2023-03-3108947592ns10:Originalns5:CurrentFinancialInstruments2022-03-3108947592ns10:Originalns5:Non-currentFinancialInstruments2023-03-3108947592ns10:Originalns5:Non-currentFinancialInstruments2022-03-3108947592ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108947592ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108947592ns10:Originalns5:PlantMachinery2022-04-012023-03-3108947592ns10:Originalns5:MotorVehicles2022-04-012023-03-3108947592ns10:Originalns5:ComputerEquipment2022-04-012023-03-3108947592ns10:Original2021-04-012022-03-3108947592ns10:Originalns5:PlantMachinery2022-03-3108947592ns10:Originalns5:MotorVehicles2022-03-3108947592ns10:Originalns5:ComputerEquipment2022-03-3108947592ns10:Original2022-03-3108947592ns10:Originalns5:PlantMachinery2023-03-3108947592ns10:Originalns5:MotorVehicles2023-03-3108947592ns10:Originalns5:ComputerEquipment2023-03-3108947592ns10:Originalns5:PlantMachinery2022-03-3108947592ns10:Originalns5:MotorVehicles2022-03-3108947592ns10:Originalns5:ComputerEquipment2022-03-3108947592ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108947592ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 08947592 (England and Wales)


















Blair Project Ltd

Unaudited Financial Statements for the Year Ended 31 March 2023






Blair Project Ltd (Registered number: 08947592)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blair Project Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Dr M A Comrie
N J Henry
A E Mason
Ms L C Maynard-Atem





REGISTERED OFFICE: Manchester Technology Centre
Oxford Road
Manchester
M1 7ED





REGISTERED NUMBER: 08947592 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Blair Project Ltd (Registered number: 08947592)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,442 16,180

CURRENT ASSETS
Stocks 5 80,000 -
Debtors 6 79,316 140,273
Cash at bank and in hand 11,522 7,302
170,838 147,575
CREDITORS
Amounts falling due within one year 7 138,645 104,724
NET CURRENT ASSETS 32,193 42,851
TOTAL ASSETS LESS CURRENT LIABILITIES 43,635 59,031

CREDITORS
Amounts falling due after more than one year 8 89,303 116,411
NET LIABILITIES (45,668 ) (57,380 )

RESERVES
Income and expenditure account 10 (45,668 ) (57,380 )
(45,668 ) (57,380 )

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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





Dr M A Comrie - Director


Blair Project Ltd (Registered number: 08947592)

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

1. STATUTORY INFORMATION

Blair Project Ltd is a private company, limited by guarantee , 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
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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,500 10,833 18,190 30,523
Additions - - 1,517 1,517
At 31 March 2023 1,500 10,833 19,707 32,040
DEPRECIATION
At 1 April 2022 375 2,708 11,260 14,343
Charge for year 281 2,031 3,943 6,255
At 31 March 2023 656 4,739 15,203 20,598
NET BOOK VALUE
At 31 March 2023 844 6,094 4,504 11,442
At 31 March 2022 1,125 8,125 6,930 16,180

Blair Project Ltd (Registered number: 08947592)

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

5. STOCKS

The directors are satisfied with the company's achievements in the reporting period, incorporating a work-in-progress valuation of £80,000 to acknowledge the substantial investment in project development for 2024. The intricate nature of these projects is recognised, with the valuation serving as the best estimate of their economic benefit to the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 79,316 140,273

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 7,637
Social security and other taxes 19,544 3,285
VAT 3,880 16,914
Other creditors 55,333 12,000
Directors' current accounts 58,088 63,088
Accrued expenses 1,800 1,800
138,645 104,724

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 89,303 116,411

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 89,303 116,411

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 89,303 116,411

10. RESERVES
Income
and
expenditure
account
£   

At 1 April 2022 (57,380 )
Surplus for the year 11,712
At 31 March 2023 (45,668 )