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REGISTERED NUMBER: 08538348 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

BLYME LIMITED

BLYME LIMITED (REGISTERED NUMBER: 08538348)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BLYME LIMITED

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTOR: R Crabb





REGISTERED OFFICE: Unit 10
Bishopsgate Business Park
Widdrington Road
Coventry
CV1 4NA





REGISTERED NUMBER: 08538348 (England and Wales)






BLYME LIMITED (REGISTERED NUMBER: 08538348)

ABRIDGED BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,943 9,026
Tangible assets 5 15,355 1,413
27,298 10,439

CURRENT ASSETS
Stocks 1,099,934 940,474
Debtors 91,248 146,335
Cash at bank 1,267 378,461
1,192,449 1,465,270
CREDITORS
Amounts falling due within one year 754,186 1,034,266
NET CURRENT ASSETS 438,263 431,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,561

441,443

PROVISIONS FOR LIABILITIES 3,839 268
NET ASSETS 461,722 441,175

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 461,622 441,075
SHAREHOLDERS' FUNDS 461,722 441,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BLYME LIMITED (REGISTERED NUMBER: 08538348)

ABRIDGED BALANCE SHEET - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2024 and were signed by:





R Crabb - Director


BLYME LIMITED (REGISTERED NUMBER: 08538348)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Blyme Limited 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. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the prior year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Computer equipment - 3 years straight line

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.

BLYME LIMITED (REGISTERED NUMBER: 08538348)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 10,367
Additions 8,496
At 31 May 2023 18,863
AMORTISATION
At 1 June 2022 1,341
Amortisation for year 5,579
At 31 May 2023 6,920
NET BOOK VALUE

At 31 May 2023 11,943
At 31 May 2022 9,026

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 5,054
Additions 14,880
Disposals (1,197 )
At 31 May 2023 18,737
DEPRECIATION
At 1 June 2022 3,641
Charge for year 918
Eliminated on disposal (1,177 )
At 31 May 2023 3,382
NET BOOK VALUE
At 31 May 2023 15,355
At 31 May 2022 1,413

BLYME LIMITED (REGISTERED NUMBER: 08538348)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,209 19,136
Between one and five years - 3,189
3,209 22,325

7. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is R C B Holdings Limited.

8. PENSIONS

The total pension liability outstanding as at the year end was £592 (2022: £424).