REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED (REGISTERED NUMBER: 01605318) |
Contents of the Financial Statements |
for the year ended 31 OCTOBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED |
Company Information |
for the year ended 31 OCTOBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
155 Wellingborough Road |
Rushden |
Northamptonshire |
NN10 9TB |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED (REGISTERED NUMBER: 01605318) |
Balance Sheet |
31 OCTOBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Fair value reserve | 12 |
Retained earnings | 172,942 |
SHAREHOLDERS' FUNDS |
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. |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED (REGISTERED NUMBER: 01605318) |
Balance Sheet - continued |
31 OCTOBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED (REGISTERED NUMBER: 01605318) |
Notes to the Financial Statements |
for the year ended 31 OCTOBER 2023 |
1. | STATUTORY INFORMATION |
M. Bliss (Subcontract Brickwork) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. |
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing |
stock to its present location and condition. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED (REGISTERED NUMBER: 01605318) |
Notes to the Financial Statements - continued |
for the year ended 31 OCTOBER 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. |
Investments |
Fixed asset investments comprising listed securities are stated at cost less provision for diminution in value. |
Provision to rectify works |
Provision is made for the cost of labour, materials and transport required to rectify brickwork undertaken in the period. |
Investments |
Fixed asset investments comprising listed securities are stated at fair value. Any gain or loss on fair value is transferred to the profit and loss account. |
Long term contracts |
Profit on long term contracts have been attributed to accounting periods based upon their degree of completion at the accounting period end date and the expected overall profit. The valuation in the balance sheet is at net cost, less foreseeable losses and payments on account. |
3. | EMPLOYEES |
The average number of employees during the year was |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED (REGISTERED NUMBER: 01605318) |
Notes to the Financial Statements - continued |
for the year ended 31 OCTOBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 November 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
The net book value of tangible fixed assets includes £ 37,710 in respect of assets held under hire purchase contracts. |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 November 2022 |
Revaluations | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
Cost or valuation at 31 October 2023 is represented by: |
Other |
investments |
£ |
Valuation in 2020 | 1,474 |
Valuation in 2021 | 678 |
Valuation in 2022 | (101 | ) |
Valuation in 2023 | (313 | ) |
1,738 |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED (REGISTERED NUMBER: 01605318) |
Notes to the Financial Statements - continued |
for the year ended 31 OCTOBER 2023 |
5. | FIXED ASSET INVESTMENTS - continued |
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 4,056 | 4,056 |
Fixed asset investments were valued on a fair value basis on 31 October 2022 by the directors . |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2022 |
and 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
Fair value at 31 October 2023 is represented by: |
£ |
Valuation in 2022 | 19,393 |
Cost | 250,607 |
270,000 |
The investment properties were valued on an open market value basis on 31 October 2022 by the directors . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
M. BLISS (SUBCONTRACT BRICKWORK) LIMITED (REGISTERED NUMBER: 01605318) |
Notes to the Financial Statements - continued |
for the year ended 31 OCTOBER 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank overdrafts |
Hire purchase contracts | 36,401 | - |
There is a bank overdraft facility of up to £150,000 which is secured against an investment property owned by the company (7 Dane Ridge, Duston). There is also a fixed and floating charge against the assets of the company. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
12. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 November 2022 |
and 31 October 2023 |