Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01falseNo description of principal activity77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02875348 2022-12-01 2023-11-30 02875348 2021-12-01 2022-11-30 02875348 2023-11-30 02875348 2022-11-30 02875348 c:CompanySecretary1 2022-12-01 2023-11-30 02875348 c:Director1 2022-12-01 2023-11-30 02875348 c:Director2 2022-12-01 2023-11-30 02875348 c:RegisteredOffice 2022-12-01 2023-11-30 02875348 d:PlantMachinery 2022-12-01 2023-11-30 02875348 d:PlantMachinery 2023-11-30 02875348 d:PlantMachinery 2022-11-30 02875348 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 02875348 d:MotorVehicles 2022-12-01 2023-11-30 02875348 d:MotorVehicles 2023-11-30 02875348 d:MotorVehicles 2022-11-30 02875348 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 02875348 d:FurnitureFittings 2022-12-01 2023-11-30 02875348 d:FurnitureFittings 2023-11-30 02875348 d:FurnitureFittings 2022-11-30 02875348 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 02875348 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 02875348 d:FreeholdInvestmentProperty 2023-11-30 02875348 d:FreeholdInvestmentProperty 2022-11-30 02875348 d:FreeholdInvestmentProperty 2 2022-12-01 2023-11-30 02875348 d:CurrentFinancialInstruments 2023-11-30 02875348 d:CurrentFinancialInstruments 2022-11-30 02875348 d:Non-currentFinancialInstruments 2023-11-30 02875348 d:Non-currentFinancialInstruments 2022-11-30 02875348 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02875348 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 02875348 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 02875348 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 02875348 d:ShareCapital 2023-11-30 02875348 d:ShareCapital 2022-11-30 02875348 d:RetainedEarningsAccumulatedLosses 2023-11-30 02875348 d:RetainedEarningsAccumulatedLosses 2022-11-30 02875348 c:FRS102 2022-12-01 2023-11-30 02875348 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 02875348 c:FullAccounts 2022-12-01 2023-11-30 02875348 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 02875348 6 2022-12-01 2023-11-30 02875348 f:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 02875348







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


BLACKLEDGE ENGINEERING SERVICES LIMITED






































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BLACKLEDGE ENGINEERING SERVICES LIMITED
 


 
COMPANY INFORMATION


Directors
Mr M Blackledge 
Mrs S Blackledge 




Company secretary
Mrs S Blackledge



Registered number
02875348



Registered office
49 Victoria Road North

Southsea

Hampshire

PO5 1PW




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


BLACKLEDGE ENGINEERING SERVICES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9


 


BLACKLEDGE ENGINEERING SERVICES LIMITED
REGISTERED NUMBER:02875348



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,602
32,687

Investment property
 5 
2,457,022
2,242,365

  
2,481,624
2,275,052

Current assets
  

Stocks
  
558,294
462,835

Debtors: amounts falling due within one year
 6 
7,937
18,453

Cash at bank and in hand
  
6,413
8,693

  
572,644
489,981

Creditors: amounts falling due within one year
 7 
(562,430)
(428,737)

Net current assets
  
 
 
10,214
 
 
61,244

Total assets less current liabilities
  
2,491,838
2,336,296

Creditors: amounts falling due after more than one year
 8 
(315,207)
(315,207)

Provisions for liabilities
  

Deferred tax
  
(202,200)
(187,874)

  
 
 
(202,200)
 
 
(187,874)

Net assets
  
1,974,431
1,833,215


Capital and reserves
  

Called up share capital 
  
102
102

Profit and loss account
  
1,974,329
1,833,113

  
1,974,431
1,833,215


Page 1

 


BLACKLEDGE ENGINEERING SERVICES LIMITED
REGISTERED NUMBER:02875348


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr M Blackledge
Director

Date: 15 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 


BLACKLEDGE ENGINEERING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Blackledge Engineering Services Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency is £GB rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 


BLACKLEDGE ENGINEERING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 


BLACKLEDGE ENGINEERING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 5

 


BLACKLEDGE ENGINEERING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 6

 


BLACKLEDGE ENGINEERING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 December 2022
17,462
83,660
52,971
154,093


Disposals
-
(5,000)
-
(5,000)



At 30 November 2023

17,462
78,660
52,971
149,093



Depreciation


At 1 December 2022
16,447
60,857
44,102
121,406


Charge for the year on owned assets
402
5,544
1,330
7,276


Disposals
-
(4,191)
-
(4,191)



At 30 November 2023

16,849
62,210
45,432
124,491



Net book value



At 30 November 2023
613
16,450
7,539
24,602



At 30 November 2022
1,015
22,803
8,869
32,687


5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2022
2,242,365


Surplus on revaluation
214,657



At 30 November 2023
2,457,022

The 2023 valuations were made by the director, on an open market value for existing use basis.







Page 7

 


BLACKLEDGE ENGINEERING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
4,725
5,396

Prepayments and accrued income
2,210
2,226

Tax recoverable
1,002
10,831

7,937
18,453



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
20,000
30,000

Trade creditors
6,559
10,297

Other taxation and social security
1,925
2,851

Other creditors
533,946
385,589

562,430
428,737



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
315,207
315,207

315,207
315,207


Secured loans
The bank loan due after more than one year is secured against the investment property at 21 Havelock Road, Southsea, Hampshire.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2023
2022
£
£


Repayable other than by instalments
315,207
315,207

315,207
315,207

The loan repayments are interest only and the full loan is  repayable at the end of the term.

Page 8

 


BLACKLEDGE ENGINEERING SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Related party transactions

At the year end included within other creditors was an amount of £530,149 (2022 - £378,863) owed to the directors. This amount is unsecured, undated and interest free.
Included in other creditors, amounts due within one year is a loan of £20,000 from a member of the directors' family. The company has agreed to pay interest on the loan at a rate of 5% per anum.

 
Page 9