Registered number
SC693140
Blunt Knife Co. Limited
Unaudited Filleted Accounts
31 March 2024
Blunt Knife Co. Limited
Registered number: SC693140
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Stocks 438 2,920
Debtors 3 - 4,179
Cash at bank and in hand 1,352 8,874
1,790 15,973
Creditors: amounts falling due within one year 4 (16,079) (22,335)
Net current liabilities (14,289) (6,362)
Net liabilities (14,289) (6,362)
Capital and reserves
Profit and loss account (14,289) (6,362)
Shareholder's funds (14,289) (6,362)
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 member has 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.
Emma Sweeney
Director
Approved by the board on 26 August 2024
Blunt Knife Co. Limited
Notes to the Accounts
for the year ended 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 accounts are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The company constitutes a public benefit entity as defined by FRS 102.
Going concern
The financial statements have been prepared on the going concern basis following a commitment by the directors to continue to support the company's working capital requirements with personal funds.
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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in other income within profit or loss in the same period as the related expenditure
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
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company becomes a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial. Financial assets comprise cash, trade debtors and other debtors. Financial liabilities comprise bank overdrafts, trade creditors and other creditors.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors - 4,179
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 23
Other creditors 16,079 22,312
16,079 22,335
5 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 5,000
6 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Emma Sweeney
Loan (interest free, repayable on demand) 2,063 3,954 (5,000) 1,017
Marian Blythe
Loan (interest free, repayable on demand) 19,649 3,954 (9,200) 14,403
21,712 7,908 (14,200) 15,420
7 Other information
Blunt Knife Co. Limited is a private company limited by guarantee and incorporated in Scotland Its registered office is:
127 Leith Walk
Edinburgh
EH6 8NP
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