Registered number
06300173
BLACKSTONE EDGE LIMITED
Filleted Accounts
31 July 2023
BLACKSTONE EDGE LIMITED
Registered number: 06300173
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 164 219
Current assets
Cash at bank and in hand 83,507 52,883
Creditors: amounts falling due within one year 4 (97,025) (78,169)
Net current liabilities (13,518) (25,286)
Net liabilities (13,354) (25,067)
Capital and reserves
Called up share capital 1 1
Profit and loss account (13,355) (25,068)
Shareholders' funds (13,354) (25,067)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr L Willis
Director
Approved by the board on 15 April 2024
BLACKSTONE EDGE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 August 2022 5,429
At 31 July 2023 5,429
Depreciation
At 1 August 2022 5,210
Charge for the year 55
At 31 July 2023 5,265
Net book value
At 31 July 2023 164
At 31 July 2022 219
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 20,043 14,964
Other creditors 76,982 63,205
97,025 78,169
5 Controlling party
The company is under the control of the Managing Director, Mr Leeroy Willis.
6 Other information
BLACKSTONE EDGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
25 Auckland Road
London
SE19 2DR
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