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
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
Blacksmiths Technology Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
42,128
63,587
Creditors: amounts falling due within one year
(245,348)
(112,118)
Net current liabilities
(191,082)
(44,047)
Net liabilities
(188,931)
(43,340)
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
Blacksmiths Technology Ltd
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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
At 31 May 2023
1,159
4,191
5,350
At 1 June 2022
-
1,416
1,416
Charge for the year
386
1,480
1,866
At 31 May 2023
386
2,813
3,199
At 31 May 2023
773
1,378
2,151
Amounts falling due within one year
Trade debtors
11,370
4,484
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
822
583
Other creditors
50,016
50,000
Loans from directors
194,050
59,010
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).