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Company Registration No. 12014186 (England and Wales)
Blacksmiths Technology Ltd Unaudited accounts for the year ended 31 May 2023
Blacksmiths Technology Ltd Unaudited accounts Contents
Page
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Blacksmiths Technology Ltd Company Information for the year ended 31 May 2023
Directors
Alexander Ali Robert James Chapman
Company Number
12014186 (England and Wales)
Registered Office
Pure Offices Lake View Drive Sherwood Business Park Nottingham NG15 0DT
Accountants
RLTP Accountants Suite 8, Riverside Business Centre Foundry Lane Milford, Belper Derbyshire DE56 0RN
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Blacksmiths Technology Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,151 
707 
Current assets
Debtors
12,138 
4,484 
Cash at bank and in hand
42,128 
63,587 
54,266 
68,071 
Creditors: amounts falling due within one year
(245,348)
(112,118)
Net current liabilities
(191,082)
(44,047)
Net liabilities
(188,931)
(43,340)
Capital and reserves
Called up share capital
19 
19 
Share premium
149,996 
149,996 
Profit and loss account
(338,946)
(193,355)
Shareholders' funds
(188,931)
(43,340)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
Alexander Ali Director Company Registration No. 12014186
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Blacksmiths Technology Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Blacksmiths Technology Ltd is a private company, limited by shares, registered in England and Wales, registration number 12014186. The registered office is Pure Offices Lake View Drive, Sherwood Business Park, Nottingham, NG15 0DT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% SL
Computer equipment
33.33% SL
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Blacksmiths Technology Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
- 
2,123 
2,123 
Additions
1,159 
2,317 
3,476 
Disposals
- 
(249)
(249)
At 31 May 2023
1,159 
4,191 
5,350 
Depreciation
At 1 June 2022
- 
1,416 
1,416 
Charge for the year
386 
1,480 
1,866 
On disposals
- 
(83)
(83)
At 31 May 2023
386 
2,813 
3,199 
Net book value
At 31 May 2023
773 
1,378 
2,151 
At 31 May 2022
- 
707 
707 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,370 
4,484 
Other debtors
768 
- 
12,138 
4,484 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
460 
2,525 
Taxes and social security
822 
583 
Other creditors
50,016 
50,000 
Loans from directors
194,050 
59,010 
245,348 
112,118 
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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