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REGISTERED NUMBER: 01882327 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BLACKWELD LIMITED

BLACKWELD LIMITED (REGISTERED NUMBER: 01882327)

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


BLACKWELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R W Perry
P M Stanley





REGISTERED OFFICE: Mr R Perry
3 Malthouse Road
Tipton
West Midlands
DY4 9AE





REGISTERED NUMBER: 01882327 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

BLACKWELD LIMITED (REGISTERED NUMBER: 01882327)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5
Investment property 5 510,000 510,000
510,000 510,005

CURRENT ASSETS
Debtors 6 300,617 300,616
Cash at bank 800 800
301,417 301,416
CREDITORS
Amounts falling due within one year 7 437,662 447,458
NET CURRENT LIABILITIES (136,245 ) (146,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,755

363,963

PROVISIONS FOR LIABILITIES 9 36,778 27,951
NET ASSETS 336,977 336,012

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 214,877 223,704
Retained earnings 122,000 112,208
SHAREHOLDERS' FUNDS 336,977 336,012

BLACKWELD LIMITED (REGISTERED NUMBER: 01882327)

BALANCE SHEET - continued
31 OCTOBER 2023


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.

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 26 July 2024 and were signed on its behalf by:





R W Perry - Director


BLACKWELD LIMITED (REGISTERED NUMBER: 01882327)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Blackweld 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 as modified by the revaluation of certain assets.

Intangible fixed assets and amortisation
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

Amortisation is provided at the following rates:

Goodwill - Over 20 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.

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.

Rent receivable
Rental Income is credited to the profit and loss account as and when the amount falls due.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BLACKWELD LIMITED (REGISTERED NUMBER: 01882327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 200
AMORTISATION
At 1 November 2022 195
Amortisation for year 5
At 31 October 2023 200
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 5

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 510,000
NET BOOK VALUE
At 31 October 2023 510,000
At 31 October 2022 510,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2018 251,655
Cost 258,345
510,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related parties 296,976 296,976
Other debtors 3,641 3,640
300,617 300,616

BLACKWELD LIMITED (REGISTERED NUMBER: 01882327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to related parties 431,718 443,963
Corporation tax 5,944 3,495
437,662 447,458

8. SECURED DEBTS

The bank loans and overdrafts falling due within one year and falling due in greater than one year are secured by the company.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 36,778 27,951

Deferred
tax
£   
Balance at 1 November 2022 27,951
Unrealised gain
Changes in tax rate 8,827
Balance at 31 October 2023 36,778

10. CONTINGENT LIABILITIES

Blackweld Limited and its fellow subsidiaries of TWP Manufacturing Limited are cross guaranteeing the 10 year bank loan In TWP Manufacturing Limited 2022: 261,473 (2021: £297,067).

11. ULTIMATE CONTROLLING PARTY

On the 21st December 2018 TWP Manufacturing Limited's directors are now the ultimate controlling party.