IRIS Accounts Production v23.4.0.336 05511917 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055119172022-12-31055119172023-12-31055119172023-01-012023-12-31055119172021-12-31055119172022-01-012022-12-31055119172022-12-3105511917ns15:EnglandWales2023-01-012023-12-3105511917ns14:PoundSterling2023-01-012023-12-3105511917ns10:Director12023-01-012023-12-3105511917ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105511917ns10:SmallEntities2023-01-012023-12-3105511917ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3105511917ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105511917ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105511917ns10:FullAccounts2023-01-012023-12-310551191712023-01-012023-12-3105511917ns10:Director22023-01-012023-12-3105511917ns10:Director32023-01-012023-12-3105511917ns10:RegisteredOffice2023-01-012023-12-3105511917ns5:CurrentFinancialInstruments2023-12-3105511917ns5:CurrentFinancialInstruments2022-12-3105511917ns5:Non-currentFinancialInstruments2023-12-3105511917ns5:Non-currentFinancialInstruments2022-12-3105511917ns5:ShareCapital2023-12-3105511917ns5:ShareCapital2022-12-3105511917ns5:RetainedEarningsAccumulatedLosses2023-12-3105511917ns5:RetainedEarningsAccumulatedLosses2022-12-3105511917ns5:NetGoodwill2023-01-012023-12-3105511917ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3105511917ns5:PlantMachinery2023-01-012023-12-3105511917ns5:NetGoodwill2022-12-3105511917ns5:NetGoodwill2023-12-3105511917ns5:NetGoodwill2022-12-3105511917ns5:PlantMachinery2022-12-3105511917ns5:PlantMachinery2023-12-3105511917ns5:PlantMachinery2022-12-3105511917ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105511917ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 05511917 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 December 2023

for

ORIGINAL BLEND COMPANY LIMITED

ORIGINAL BLEND COMPANY LIMITED (REGISTERED NUMBER: 05511917)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ORIGINAL BLEND COMPANY LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B A Snowdon
Mrs M L Wheeldon
Miss C A McGuire





REGISTERED OFFICE: A1 OYO Business Park
187 Park Lane
Castle Vale
Birmingham
B35 6AN





REGISTERED NUMBER: 05511917 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

ORIGINAL BLEND COMPANY LIMITED (REGISTERED NUMBER: 05511917)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,583 14,583
Tangible assets 5 26,428 29,905
40,011 44,488

CURRENT ASSETS
Stocks 130,500 120,712
Debtors 6 214,333 193,123
Investments 7 26,138 23,791
Cash at bank 168,236 147,717
539,207 485,343
CREDITORS
Amounts falling due within one year 8 87,342 85,981
NET CURRENT ASSETS 451,865 399,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,876

443,850

CREDITORS
Amounts falling due after more than one year 9 (36,795 ) (40,533 )

PROVISIONS FOR LIABILITIES (6,150 ) (5,682 )
NET ASSETS 448,931 397,635

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 448,731 397,435
SHAREHOLDERS' FUNDS 448,931 397,635

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ORIGINAL BLEND COMPANY LIMITED (REGISTERED NUMBER: 05511917)

Balance Sheet - continued
31 December 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 10 April 2024 and were signed on its behalf by:





B A Snowdon - Director


ORIGINAL BLEND COMPANY LIMITED (REGISTERED NUMBER: 05511917)

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


1. STATUTORY INFORMATION

Original Blend Company 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Stock Provision
The directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is the amount paid in connection with the acquisition of a business in 2007 and is to be written off over a 30 year period.

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.

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 and 15% 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.

ORIGINAL BLEND COMPANY LIMITED (REGISTERED NUMBER: 05511917)

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


2. ACCOUNTING POLICIES - continued

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.

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 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023 15,417
Charge for year 1,000
At 31 December 2023 16,417
NET BOOK VALUE
At 31 December 2023 13,583
At 31 December 2022 14,583

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 83,170
Additions 3,291
At 31 December 2023 86,461
DEPRECIATION
At 1 January 2023 53,265
Charge for year 6,768
At 31 December 2023 60,033
NET BOOK VALUE
At 31 December 2023 26,428
At 31 December 2022 29,905

ORIGINAL BLEND COMPANY LIMITED (REGISTERED NUMBER: 05511917)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 143,937 140,116
Other debtors 70,396 53,007
214,333 193,123

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 2,798 6,135
Other 23,340 17,656
26,138 23,791

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,956 3,859
Trade creditors 19,888 55,254
Taxation and social security 50,620 14,717
Other creditors 12,878 12,151
87,342 85,981

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 36,795 40,533

10. ULTIMATE CONTROLLING PARTY

The company is controlled by B Snowdon who owns 90% of the voting share capital.

11. EMPLOYEE BENEFITS

Under previous UK GAAP, the company was not required to make adjustment for short-term benefits earned but not provided by the year end. Under FRS 102 the company is required to accrue for such amounts. A review of holidays not taken at the year end has been conducted, it was concluded that the effect was immaterial and therefore has not been provided for. The review will be carried out annually and a provision made accordingly if the result is considered material to give a true and fair view.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Original Blend Company Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Original Blend Company Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Original Blend Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Original Blend Company Limited and state those matters that we have agreed to state to the Board of Directors of Original Blend Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Original Blend Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Original Blend Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Original Blend Company Limited. You consider that Original Blend Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Original Blend Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


10 April 2024