Registered number
04933253
Blackler Railton Limited
Filleted Accounts
31 August 2023
Blackler Railton Limited
Registered number: 04933253
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 134,638 117,409
Current assets
Stocks 31,561 61,512
Debtors 4 272,034 408,420
Cash at bank and in hand 131,403 182,396
434,998 652,328
Creditors: amounts falling due within one year 5 (482,468) (632,744)
Net current (liabilities)/assets (47,470) 19,584
Total assets less current liabilities 87,168 136,993
Creditors: amounts falling due after more than one year 6 (85,474) (114,459)
Provisions for liabilities - (156)
Net assets 1,694 22,378
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,692 22,376
Shareholders' funds 1,694 22,378
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.
A Railton
Director
Approved by the board on 21 March 2024
Blackler Railton Limited
Notes to the Accounts
for the year ended 31 August 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:
Freehold buildings over 50 years
Plant and machinery over 3 reducing balance
Motor vehicles over 4 years reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2022 133,623 13,066 77,855 224,544
Additions - 1,462 24,000 25,462
Disposals - - (33,941) (33,941)
At 31 August 2023 133,623 14,528 67,914 216,065
Depreciation
At 1 September 2022 40,083 13,011 54,041 107,135
Charge for the year 2,672 515 5,046 8,233
On disposals - - (33,941) (33,941)
At 31 August 2023 42,755 13,526 25,146 81,427
Net book value
At 31 August 2023 90,868 1,002 42,768 134,638
At 31 August 2022 93,540 55 23,814 117,409
4 Debtors 2023 2022
£ £
Trade debtors 114,379 282,365
Directors' loan account 88,378 51,690
Other debtors 69,277 74,365
272,034 408,420
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 25,546 26,222
Obligations under finance lease and hire purchase contracts 4,673 4,485
Trade creditors 206,871 264,272
Taxation and social security costs 21,775 49,030
Directors' loan account - 38,561
Other creditors 223,603 250,174
482,468 632,744
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 78,091 102,403
Obligations under finance lease and hire purchase contracts 7,383 12,056
85,474 114,459
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 115,693 145,166
Security includes a charge over vehicles and over the general business assets.
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 5,484 -
9 Other information
Blackler Railton Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8 Ergo Business Park
Greenbridge
Swindon
Wilts
SN3 3JW
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