A W Blake Limited 02969527 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is that of the hire, supply and transportation of plant and machinery Digita Accounts Production Advanced 6.30.9574.0 true 02969527 2022-12-01 2023-11-30 02969527 2023-11-30 02969527 core:RetainedEarningsAccumulatedLosses 2023-11-30 02969527 core:ShareCapital 2023-11-30 02969527 core:CurrentFinancialInstruments 2023-11-30 02969527 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 02969527 core:Non-currentFinancialInstruments 2023-11-30 02969527 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 02969527 core:FurnitureFittingsToolsEquipment 2023-11-30 02969527 core:LandBuildings 2023-11-30 02969527 core:MotorVehicles 2023-11-30 02969527 core:OtherPropertyPlantEquipment 2023-11-30 02969527 bus:SmallEntities 2022-12-01 2023-11-30 02969527 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 02969527 bus:FilletedAccounts 2022-12-01 2023-11-30 02969527 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 02969527 bus:RegisteredOffice 2022-12-01 2023-11-30 02969527 bus:CompanySecretaryDirector1 2022-12-01 2023-11-30 02969527 bus:Director1 2022-12-01 2023-11-30 02969527 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 02969527 bus:Agent1 2022-12-01 2023-11-30 02969527 core:FurnitureFittings 2022-12-01 2023-11-30 02969527 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 02969527 core:LandBuildings 2022-12-01 2023-11-30 02969527 core:MotorVehicles 2022-12-01 2023-11-30 02969527 core:OfficeEquipment 2022-12-01 2023-11-30 02969527 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 02969527 core:PlantMachinery 2022-12-01 2023-11-30 02969527 countries:EnglandWales 2022-12-01 2023-11-30 02969527 2022-11-30 02969527 core:FurnitureFittingsToolsEquipment 2022-11-30 02969527 core:LandBuildings 2022-11-30 02969527 core:MotorVehicles 2022-11-30 02969527 core:OtherPropertyPlantEquipment 2022-11-30 02969527 2021-12-01 2022-11-30 02969527 2022-11-30 02969527 core:RetainedEarningsAccumulatedLosses 2022-11-30 02969527 core:ShareCapital 2022-11-30 02969527 core:CurrentFinancialInstruments 2022-11-30 02969527 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 02969527 core:Non-currentFinancialInstruments 2022-11-30 02969527 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 02969527 core:FurnitureFittingsToolsEquipment 2022-11-30 02969527 core:LandBuildings 2022-11-30 02969527 core:MotorVehicles 2022-11-30 02969527 core:OtherPropertyPlantEquipment 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 02969527

A W Blake Limited

Unaudited Financial Statements

30 November 2023

image-name

 

A W Blake Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A W Blake Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A W Blake Limited for the year ended 30 November 2023 as set out on pages 2 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of A W Blake Limited, as a body, in accordance with the terms of our engagement letter dated 31 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of A W Blake Limited and state those matters that we have agreed to state to the Board of Directors of A W Blake Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A W Blake Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A W Blake Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A W Blake Limited. You consider that A W Blake Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A W Blake Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

2 May 2024

 

A W Blake Limited

(Registration number: 02969527)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,866,246

3,479,005

Current assets

 

Stocks

929,814

1,020,745

Debtors

5

578,909

552,437

Cash at bank and in hand

 

363,401

220,747

 

1,872,124

1,793,929

Creditors: Amounts falling due within one year

6

(403,986)

(395,982)

Net current assets

 

1,468,138

1,397,947

Total assets less current liabilities

 

5,334,384

4,876,952

Creditors: Amounts falling due after more than one year

6

(54,148)

(91,943)

Provisions for liabilities

(942,710)

(842,644)

Net assets

 

4,337,526

3,942,365

Capital and reserves

 

Allotted, called up and fully paid share capital

505,000

505,000

Profit and loss account

3,832,526

3,437,365

Total equity

 

4,337,526

3,942,365

 

A W Blake Limited

(Registration number: 02969527)
Balance Sheet as at 30 November 2023 (continued)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 May 2024 and signed on its behalf by:
 

.........................................

A W Blake

Director

.........................................

E A Blake

Company secretary and director

 

A W Blake Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Swaithwaite Head
Ivegill
Carlisle
Cumbria
CA4 0PA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.

Grants for the purpose of giving immediate financial support with no future related costs to be incurred are recognised in the profit and loss account when the grant proceeds become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

A W Blake Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

5% straight line

Plant and equipment

10% to 35% reducing balance

Motor vehicles

20% reducing balance

Furniture and fittings

12% to 25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

A W Blake Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

A W Blake Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Preference shares are classified as equity when the shares are redeemable in the future at the option of the company.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2022 - 13).

 

A W Blake Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

4

Tangible assets

Land and buildings
£

Plant and equipment
 £

Motor vehicles
 £

Furniture, fittings and office equipment
 £

Total
£

Cost or valuation

At 1 December 2022

306,528

5,192,394

181,690

16,177

5,696,789

Additions

-

949,385

117,356

-

1,066,741

Disposals

-

(312,330)

(67,500)

-

(379,830)

At 30 November 2023

306,528

5,829,449

231,546

16,177

6,383,700

Depreciation

At 1 December 2022

183,136

1,915,128

104,529

14,991

2,217,784

Charge for the year

15,326

416,849

22,289

281

454,745

Eliminated on disposal

-

(112,008)

(43,067)

-

(155,075)

At 30 November 2023

198,462

2,219,969

83,751

15,272

2,517,454

Carrying amount

At 30 November 2023

108,066

3,609,480

147,795

905

3,866,246

At 30 November 2022

123,392

3,277,266

77,161

1,186

3,479,005

5

Debtors

2023
£

2022
£

Trade debtors

508,694

486,604

Other debtors

70,215

65,833

578,909

552,437

 

A W Blake Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

38,116

64,791

Trade creditors

 

317,295

247,455

Taxation and social security

 

24,241

19,815

Corporation tax liability

 

19,955

49,461

Other creditors

 

4,379

14,460

 

403,986

395,982

Due after one year

 

Loans and borrowings

7

54,148

91,943

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Finance lease liabilities

38,116

64,791

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

2023
£

2022
£

Finance lease liabilities

38,116

64,791

Finance lease liabilities are secured on the assets to which they relate.

2023
£

2022
£

Non-current loans and borrowings

Finance lease liabilities

-

38,220

Other borrowings

54,148

53,723

54,148

91,943

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

2023
£

2022
£

Finance lease liabilities

-

38,220

Finance lease liabilities are secured on the assets to which they relate.