IRIS Accounts Production v23.1.5.20 02992653 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029926532022-11-30029926532023-11-30029926532022-12-012023-11-30029926532021-11-30029926532021-12-012022-11-30029926532022-11-3002992653ns16:EnglandWales2022-12-012023-11-3002992653ns15:PoundSterling2022-12-012023-11-3002992653ns11:Director12022-12-012023-11-3002992653ns11:PrivateLimitedCompanyLtd2022-12-012023-11-3002992653ns11:SmallEntities2022-12-012023-11-3002992653ns11:AuditExempt-NoAccountantsReport2022-12-012023-11-3002992653ns11:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002992653ns11:SmallCompaniesRegimeForAccounts2022-12-012023-11-3002992653ns11:FullAccounts2022-12-012023-11-3002992653ns11:OrdinaryShareClass12022-12-012023-11-3002992653ns11:Director22022-12-012023-11-3002992653ns11:Director32022-12-012023-11-3002992653ns11:RegisteredOffice2022-12-012023-11-3002992653ns6:CurrentFinancialInstruments2023-11-3002992653ns6:CurrentFinancialInstruments2022-11-3002992653ns6:Non-currentFinancialInstruments2023-11-3002992653ns6:Non-currentFinancialInstruments2022-11-3002992653ns6:ShareCapital2023-11-3002992653ns6:ShareCapital2022-11-3002992653ns6:RetainedEarningsAccumulatedLosses2023-11-3002992653ns6:RetainedEarningsAccumulatedLosses2022-11-3002992653ns6:LeaseholdImprovements2022-11-3002992653ns6:PlantMachinery2022-11-3002992653ns6:FurnitureFittings2022-11-3002992653ns6:MotorVehicles2022-11-3002992653ns6:LeaseholdImprovements2022-12-012023-11-3002992653ns6:PlantMachinery2022-12-012023-11-3002992653ns6:FurnitureFittings2022-12-012023-11-3002992653ns6:MotorVehicles2022-12-012023-11-3002992653ns6:LeaseholdImprovements2023-11-3002992653ns6:PlantMachinery2023-11-3002992653ns6:FurnitureFittings2023-11-3002992653ns6:MotorVehicles2023-11-3002992653ns6:LeaseholdImprovements2022-11-3002992653ns6:PlantMachinery2022-11-3002992653ns6:FurnitureFittings2022-11-3002992653ns6:MotorVehicles2022-11-3002992653ns6:WithinOneYearns6:CurrentFinancialInstruments2023-11-3002992653ns6:WithinOneYearns6:CurrentFinancialInstruments2022-11-3002992653ns11:OrdinaryShareClass12023-11-3002992653ns6:RetainedEarningsAccumulatedLosses2022-11-3002992653ns6:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 02992653 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Blockbusters Contracts Limited

Blockbusters Contracts Limited (Registered number: 02992653)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blockbusters Contracts Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: K Connolly
T J Hayes
K W Began





REGISTERED OFFICE: The Old Barn
Ranscombe Lane
Glynde
Lewes
East Sussex
BN8 6AA





REGISTERED NUMBER: 02992653 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

Blockbusters Contracts Limited (Registered number: 02992653)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,968 309,279

CURRENT ASSETS
Stocks 41,875 41,875
Debtors 5 516,115 587,049
Cash at bank and in hand 698 3,468
558,688 632,392
CREDITORS
Amounts falling due within one
year

6

564,358

506,702
NET CURRENT (LIABILITIES)/ASSETS (5,670 ) 125,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,298

434,969

CREDITORS
Amounts falling due after more
than one year

7

(120,834

)

(170,833

)

PROVISIONS FOR LIABILITIES (42,404 ) -
NET ASSETS 78,060 264,136

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 77,960 264,036
SHAREHOLDERS' FUNDS 78,060 264,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Blockbusters Contracts Limited (Registered number: 02992653)

Balance Sheet - continued
30 November 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 12 August 2024 and were signed on its behalf by:





K Connolly - Director


Blockbusters Contracts Limited (Registered number: 02992653)

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

1. STATUTORY INFORMATION

Blockbusters Contracts 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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.

Blockbusters Contracts Limited (Registered number: 02992653)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2022 - 50 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 79,770 490,632 49,657 1,108,003 1,728,062
Additions - 7,100 - 4,751 11,851
Disposals - - - (4,412 ) (4,412 )
At 30 November 2023 79,770 497,732 49,657 1,108,342 1,735,501
DEPRECIATION
At 1 December 2022 15,954 419,544 48,984 934,301 1,418,783
Charge for year 7,977 19,547 168 43,988 71,680
Eliminated on disposal - - - (1,930 ) (1,930 )
At 30 November 2023 23,931 439,091 49,152 976,359 1,488,533
NET BOOK VALUE
At 30 November 2023 55,839 58,641 505 131,983 246,968
At 30 November 2022 63,816 71,088 673 173,702 309,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 512,417 583,992
Other debtors 3,698 3,057
516,115 587,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8)
4,915

17,960
Other loans (see note 8) 28,804 78,789
Trade creditors 141,801 153,546
Tax 58,828 51,887
Social security and other taxes 32,063 30,333
VAT 153,835 165,320
Barclaycard 1,113 536
NW Onecard 9,069 7,157
iZettle Account (3,142 ) (4,578 )
Capital on Tap 19,870 -
Directors' current accounts 16,924 2,802
Accrued expenses 100,278 2,950
564,358 506,702

Blockbusters Contracts Limited (Registered number: 02992653)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 120,834 170,833

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,915 17,960
Other loans 28,804 78,789
33,719 96,749

Amounts falling due between two and five years:
Bounce back loan 120,834 170,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2022 264,036
Profit for the year 91,924
Dividends (278,000 )
At 30 November 2023 77,960