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REGISTERED NUMBER: 07399667 (England and Wales)


















BLC (WALES) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BLC (WALES) LTD (REGISTERED NUMBER: 07399667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLC (WALES) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M P John
L M Harris





SECRETARY: L M Harris





REGISTERED OFFICE: TramShed Tech
Pendyris Street
CARDIFF
County of Cardiff
CF11 6BH





REGISTERED NUMBER: 07399667 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

BLC (WALES) LTD (REGISTERED NUMBER: 07399667)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,836 130,500

CURRENT ASSETS
Stocks 30,000 20,000
Debtors 5 38,328 245,502
68,328 265,502
CREDITORS
Amounts falling due within one year 6 (384,230 ) (424,867 )
NET CURRENT LIABILITIES (315,902 ) (159,365 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(297,066

)

(28,865

)

CREDITORS
Amounts falling due after more than one
year

7

(56,922

)

(94,711

)
NET LIABILITIES (353,988 ) (123,576 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (354,088 ) (123,676 )
SHAREHOLDERS' FUNDS (353,988 ) (123,576 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





L M Harris - Director


BLC (WALES) LTD (REGISTERED NUMBER: 07399667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Blc (Wales) Ltd 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 company's functional and presentational currency in the financial statements is the Sterling (£) ,rounded to the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Going concern
At 31 March 2023 the company had net current liabilities of £297,066 and net liabilities of £353,988. However the going concern basis of preparation of the financial statements is considered appropriate as the company is continuing to be supported by the directors to enable it to meet its liabilities as they fall due for payment.

Turnover
Turnover represents sales of Lego kits and amounts billed and billable in respect of educational training services provided during the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and Fittings - 20% on cost
Computer equipment - 25% on reducing balance

Stocks
Stock has been estimated by the directors.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

BLC (WALES) LTD (REGISTERED NUMBER: 07399667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

Government grants
Revenue grants are credited to the profit and loss account in the period to which they relate.

Amounts to be billed
Services provided to clients during the financial period, which at the balance sheet date have not been billed have been recognised as sales. Sales recognised in this manner are based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of sales.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property Fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 104,265 25,929 115,224 245,418
Additions - 1,741 697 2,438
Impairments (104,265 ) - - (104,265 )
At 31 March 2023 - 27,670 115,921 143,591
DEPRECIATION
At 1 April 2022 - 17,556 97,362 114,918
Charge for year - 5,284 4,553 9,837
At 31 March 2023 - 22,840 101,915 124,755
NET BOOK VALUE
At 31 March 2023 - 4,830 14,006 18,836
At 31 March 2022 104,265 8,373 17,862 130,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,084 131,833
Other debtors 708 437
Corporation tax - 33,660
Prepayments and accrued income 31,536 79,572
38,328 245,502

BLC (WALES) LTD (REGISTERED NUMBER: 07399667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 34,406 35,655
Trade creditors 11,991 7,424
Social security and other taxes 86,331 89,852
VAT 5,736 28,599
Other loans 38,587 58,023
Amounts owed to related party 37,716 76,963
Directors' current accounts 158,397 107,486
Accruals and deferred income 11,066 20,865
384,230 424,867

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 19,509 28,535
Other loans 27,413 56,176
56,922 94,711

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

The total amount of commitments in respect of operating leases at the year end is £31,878 (2022 - £73,062).