Company Registration No. SC473006 (Scotland)
Blackburn Fencing Ltd
Filleted accounts
for the year ended 31 March 2024
Blackburn Fencing Ltd
Filleted accounts
Contents
Blackburn Fencing Ltd
Company Information
for the year ended 31 March 2024
Directors
Alan Blackburn
Eleanor Blackburn
Company Number
SC473006 (Scotland)
Registered Office
Newton House
Insch Road
Avoch
IV9 8RD
Scotland
Accountants
Cameron Consulting (Scotland) Ltd
7 Poles Road
Dornoch
IV25 3HP
Blackburn Fencing Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
313,829
244,934
Cash at bank and in hand
153,162
53,335
Creditors: amounts falling due within one year
(192,546)
(155,035)
Net current assets
89,392
79,055
Total assets less current liabilities
403,221
323,989
Creditors: amounts falling due after more than one year
(79,149)
(51,830)
Provisions for liabilities
Deferred tax
(75,285)
(46,537)
Net assets
248,787
225,622
Called up share capital
2
2
Profit and loss account
248,785
225,620
Shareholders' funds
248,787
225,622
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2024 and were signed on its behalf by
Alan Blackburn
Director
Company Registration No. SC473006
Blackburn Fencing Ltd
Notes to the Accounts
for the year ended 31 March 2024
Blackburn Fencing Ltd is a private company, limited by shares, registered in Scotland, registration number SC473006. The registered office is Newton House, Insch Road, Avoch, IV9 8RD, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
straight line over 5-7 years
Motor vehicles
straight line over 4 years
Fixtures & fittings
straight line over 5 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Blackburn Fencing Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
-
370,036
370,036
Additions
6,124
186,094
192,218
Disposals
-
(71,144)
(71,144)
At 31 March 2024
6,124
484,986
491,110
At 1 April 2023
-
125,102
125,102
Charge for the year
1,225
80,431
81,656
On disposals
-
(29,477)
(29,477)
At 31 March 2024
1,225
176,056
177,281
At 31 March 2024
4,899
308,930
313,829
At 31 March 2023
-
244,934
244,934
Amounts falling due within one year
Trade debtors
128,776
179,331
Blackburn Fencing Ltd
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
60,189
37,722
Trade creditors
80,839
46,556
Taxes and social security
16,544
20,126
Loans from directors
2,398
3,848
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
67,135
29,816
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).