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REGISTERED NUMBER: 00785381 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

N. E. Downing (Blackheath) Limited

N. E. Downing (Blackheath) Limited (Registered number: 00785381)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N. E. Downing (Blackheath) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S E Downing
S K Downing
W S Downing
L H Griffiths





SECRETARY: W S Downing





REGISTERED OFFICE: 68/72 Mount Pleasant
Quarry Bank
Brierley Hill
West Midlands
DY5 2YS





REGISTERED NUMBER: 00785381 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

N. E. Downing (Blackheath) Limited (Registered number: 00785381)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,830 51,003
Tangible assets 5 - -
35,830 51,003

CURRENT ASSETS
Stocks 40,162 62,000
Debtors 6 348,441 555,171
Cash at bank and in hand 489,512 199,050
878,115 816,221
CREDITORS
Amounts falling due within one year 7 224,391 231,565
NET CURRENT ASSETS 653,724 584,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,554

635,659

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 669,554 615,659
SHAREHOLDERS' FUNDS 689,554 635,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2024 and were signed on its behalf by:





S E Downing - Director


N. E. Downing (Blackheath) Limited (Registered number: 00785381)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

N. E. Downing (Blackheath) 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.

Goodwill
Goodwill is amortised in equal instalments over 10 years being the directors estimate of its useful economic life.


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost

Stocks
Stock is valued at the lower of cost and net realisable value.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

N. E. Downing (Blackheath) Limited (Registered number: 00785381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 384,725
AMORTISATION
At 1 April 2023 333,722
Amortisation for year 15,173
At 31 March 2024 348,895
NET BOOK VALUE
At 31 March 2024 35,830
At 31 March 2023 51,003

5. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
At 1 April 2023
and 31 March 2024 26,817
DEPRECIATION
At 1 April 2023
and 31 March 2024 26,817
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,549 130,044
Amounts owed by parent company 205,688 374,180
Other debtors 56,204 50,947
348,441 555,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 186,859 188,326
Taxation and social security 15,372 12,593
Other creditors 22,160 30,646
224,391 231,565

N. E. Downing (Blackheath) Limited (Registered number: 00785381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
W S Downing
Balance outstanding at start of year - 9,298
Amounts advanced 35,000 90,395
Amounts repaid (25,005 ) (99,693 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,995 -