Registered number
11071248
BLC SPORTS LTD
Unaudited Filleted Accounts
30 November 2023
BLC SPORTS LTD
Registered number: 11071248
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 254 531
Current assets
Debtors 4 1,010 31,043
Cash at bank and in hand 40,975 8,869
41,985 39,912
Creditors: amounts falling due within one year 5 (20,626) (21,025)
Net current assets 21,359 18,887
Net assets 21,613 19,418
Capital and reserves
Called up share capital 10 10
Profit and loss account 21,603 19,408
Shareholders' funds 21,613 19,418
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Bryn Lee
Director
Approved by the board on 16 August 2024
BLC SPORTS LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 832
At 30 November 2023 832
Depreciation
At 1 December 2022 301
Charge for the year 277
At 30 November 2023 578
Net book value
At 30 November 2023 254
At 30 November 2022 531
4 Debtors 2023 2022
£ £
Trade debtors - 12,534
Accrued income and prepayment - 12,484
VAT recoverable - 289
Other debtors 1,010 5,736
1,010 31,043
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,186 1,200
Accruals 2,420 2,420
Taxation and social security costs 14,640 15,980
Director's control account 964 1,425
Other creditors 416 -
20,626 21,025
6 Other information
BLC SPORTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 Brocas Terrace
Eton
Windsor
England
SL4 6BS
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