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REGISTERED NUMBER: 06965034 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Blanshard's Limited

Blanshard's Limited (Registered number: 06965034)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blanshard's Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F S Blanshard
S Blanshard





REGISTERED OFFICE: 91 Osward Courtwood Lane
Croydon
Surrey
CR0 9HD





REGISTERED NUMBER: 06965034 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Blanshard's Limited (Registered number: 06965034)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,040 10,997
27,040 10,997

CURRENT ASSETS
Debtors 6 20,946 12,011
Cash at bank and in hand 4,714 2,918
25,660 14,929
CREDITORS
Amounts falling due within one year 7 (34,431 ) (22,756 )
NET CURRENT LIABILITIES (8,771 ) (7,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,269

3,170

CREDITORS
Amounts falling due after more than one
year

8

(12,012

)

-

PROVISIONS FOR LIABILITIES 9 (5,138 ) (2,089 )
NET ASSETS 1,119 1,081

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 1,019 981
1,119 1,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Blanshard's Limited (Registered number: 06965034)

Balance Sheet - continued
31 March 2024


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 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 26 July 2024 and were signed on its behalf by:





F S Blanshard - Director


Blanshard's Limited (Registered number: 06965034)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Blanshard's 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of lift engineering.

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
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings25% on Reducing Balance
Computer equipment25% on Reducing Balance
Motor Vehicles20% on Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

FINANCIAL INSTRUMENTS
The company only enters into basic financial instrument transactions that results in the recognition of financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Blanshard's Limited (Registered number: 06965034)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

LEASED ASSETS
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of comprehensive income so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

PROVISION FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earnings in the year that the company becomes aware of the obligation, and are measured at the best estimates at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Blanshard's Limited (Registered number: 06965034)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,014 21,815 483 24,312
Additions - 33,447 - 33,447
Disposals (420 ) (21,815 ) - (22,235 )
At 31 March 2024 1,594 33,447 483 35,524
DEPRECIATION
At 1 April 2023 1,900 11,204 211 13,315
Charge for year 26 6,689 68 6,783
Eliminated on disposal (410 ) (11,204 ) - (11,614 )
At 31 March 2024 1,516 6,689 279 8,484
NET BOOK VALUE
At 31 March 2024 78 26,758 204 27,040
At 31 March 2023 114 10,611 272 10,997

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,160 3,900
Other debtors 786 8,111
20,946 12,011

The directors consider the carrying value of trade and other receivables approximate to their fair value.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,368 3,809
Trade creditors 168 125
Taxation and social security 6,032 13,232
Other creditors 23,863 5,590
34,431 22,756

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 12,012 -

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

Blanshard's Limited (Registered number: 06965034)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,138 2,089

Deferred
tax
£   
Balance at 1 April 2023 2,089
Provided during year 3,049
Balance at 31 March 2024 5,138

10. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors are amount due to the directors £23,708 (2023 - £2,682 included in other debtors). This loan is interest free and repayable on demand.