Registered number
05994932
BLT Southwest Limited
Unaudited Filleted Accounts
31 March 2024
BLT Southwest Limited
Registered number: 05994932
Balance Sheet
as at 31 March 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 63,512 8,718
Current assets
Stocks 1,500 3,000
Debtors 4 109,208 29,106
Cash at bank and in hand 18,025 52,305
128,733 84,411
Creditors: amounts falling due within one year 5 (15,369) (40,723)
Net current assets 113,364 43,688
Total assets less current liabilities 176,876 52,406
Creditors: amounts falling due after more than one year 6 (58,292) -
Provisions for liabilities (20,552) (1,656)
Net assets 98,032 50,750
Capital and reserves
Called up share capital 2 2
Profit and loss account 98,030 50,748
Shareholders' funds 98,032 50,750
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.
Mr L Bayliffe
Director
Approved by the board on 27 August 2024
BLT Southwest Limited
Notes to the Accounts
for the period from 1 December 2022 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss in other administrative expenses.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 960 9,998 10,958
Additions 472 77,635 78,107
At 31 March 2024 1,432 87,633 89,065
Depreciation
At 1 December 2022 240 2,000 2,240
Charge for the period 478 22,835 23,313
At 31 March 2024 718 24,835 25,553
Net book value
At 31 March 2024 714 62,798 63,512
At 30 November 2022 720 7,998 8,718
4 Debtors 2024 2022
£ £
Trade debtors 29,459 9,036
Other debtors 79,749 20,070
109,208 29,106
5 Creditors: amounts falling due within one year 2024 2022
£ £
Obligations under finance lease and hire purchase contracts 6,695 -
Trade creditors 1,838 2,888
Taxation and social security costs 6,836 21,400
Other creditors - 16,435
15,369 40,723
6 Creditors: amounts falling due after one year 2024 2022
£ £
Obligations under finance lease and hire purchase contracts 58,292 -
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Directors
Interest charged at HMRC's official rate, repayable on demand 19,940 122,721 (62,913) 79,748
19,940 122,721 (62,913) 79,748
8 Other information
BLT Southwest Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
The year-end has changed from 30-11-2022 to 31-03-2024. As such, the comparatives are not entirely comparable.
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