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REGISTERED NUMBER: SC435235 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Blacklock & Douglas Limited

Blacklock & Douglas Limited (Registered number: SC435235)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Blacklock & Douglas Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S Patterson
Mrs J L Patterson





REGISTERED OFFICE: 47-49 The Square
Kelso
Roxburghshire
TD5 7HW





REGISTERED NUMBER: SC435235 (Scotland)





ACCOUNTANTS: EQ Accountants (Trading name)
Douglas Home & Co Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Blacklock & Douglas Limited (Registered number: SC435235)

Statement of Financial Position
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 122,620 74,119
122,620 74,119

CURRENT ASSETS
Inventories 6 2,500 140,140
Debtors 7 387,866 209,682
Cash at bank 325,803 353,380
716,169 703,202
CREDITORS
Amounts falling due within one year 8 196,295 173,735
NET CURRENT ASSETS 519,874 529,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,494

603,586

CREDITORS
Amounts falling due after more than one
year

9

(49,806

)

(30,047

)

PROVISIONS FOR LIABILITIES (20,500 ) (8,500 )
NET ASSETS 572,188 565,039

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 572,088 564,939
SHAREHOLDERS' FUNDS 572,188 565,039

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

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

Blacklock & Douglas Limited (Registered number: SC435235)

Statement of Financial Position - continued
31 October 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 24 July 2024 and were signed on its behalf by:





S Patterson - Director


Blacklock & Douglas Limited (Registered number: SC435235)

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

1. STATUTORY INFORMATION

Blacklock & Douglas Limited is a private company, limited by shares , registered in Scotland. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Blacklock & Douglas Limited (Registered number: SC435235)

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

2. ACCOUNTING POLICIES - continued

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 17 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 80,000
AMORTISATION
At 1 November 2022
and 31 October 2023 80,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 40,000 8,768 63,969 841 113,578
Additions - 905 62,142 - 63,047
At 31 October 2023 40,000 9,673 126,111 841 176,625
DEPRECIATION
At 1 November 2022 - 4,987 33,855 617 39,459
Charge for year - 1,099 13,391 56 14,546
At 31 October 2023 - 6,086 47,246 673 54,005
NET BOOK VALUE
At 31 October 2023 40,000 3,587 78,865 168 122,620
At 31 October 2022 40,000 3,781 30,114 224 74,119

6. INVENTORIES
31/10/23 31/10/22
£    £   
Stocks 2,500 2,500
Work-in-progress - 137,640
2,500 140,140

Blacklock & Douglas Limited (Registered number: SC435235)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 221,246 16,314
Other debtors 113,015 143,539
VAT 53,605 49,829
387,866 209,682

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 9,000 9,000
Hire purchase contracts 17,718 4,625
Trade creditors 106,071 59,420
Tax 12,132 36,058
Social security and other taxes 16,210 12,463
Other creditors 1,311 1,554
Directors' current accounts 29,448 46,065
Accrued expenses 4,405 4,550
196,295 173,735

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank Loan 14,266 23,266
Hire purchase contracts 35,540 6,781
49,806 30,047

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
90 Ordinary A 1 90 90
10 Ordinary B 1 10 10
100 100

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Patterson.