2022-12-012023-11-302023-11-30false11086966BLACK HILLS PRODUCTS 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BLACK HILLS PRODUCTS LIMITED

Registered Number
11086966
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

BLACK HILLS PRODUCTS LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

CROSSMAN, David Victor
CROSSMAN, Lynsey Anne

Registered Address

1 B Fergusons Business Park West
Sleekburn
Northumberland
NE22 7DH

Registered Number

11086966 (England and Wales)
BLACK HILLS PRODUCTS LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3170181
Tangible assets441,90560,102
42,07560,283
Current assets
Stocks14,40033,500
Debtors594,33342,117
Cash at bank and on hand11,72437,005
120,457112,622
Creditors amounts falling due within one year6(110,991)(50,850)
Net current assets (liabilities)9,46661,772
Total assets less current liabilities51,541122,055
Creditors amounts falling due after one year7(63,908)(89,991)
Provisions for liabilities(8,657)(12,800)
Net assets(21,024)19,264
Capital and reserves
Called up share capital22
Profit and loss account(21,026)19,262
Shareholders' funds(21,024)19,264
The financial statements were approved and authorised for issue by the Board of Directors on 10 September 2024, and are signed on its behalf by:
CROSSMAN, David Victor
Director
Registered Company No. 11086966
BLACK HILLS PRODUCTS LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Patents & licences 5% Straight Line
Research and development
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings20-
Vehicles25-
Office Equipment-20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
2.Average number of employees

20232022
Average number of employees during the year55
3.Intangible assets

Total

£
Cost or valuation
At 01 December 22220
At 30 November 23220
Amortisation and impairment
At 01 December 2239
Charge for year11
At 30 November 2350
Net book value
At 30 November 23170
At 30 November 22181
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 22133,119
Additions12,694
Disposals(49,310)
At 30 November 2396,503
Depreciation and impairment
At 01 December 2273,017
Charge for year11,287
On disposals(29,706)
At 30 November 2354,598
Net book value
At 30 November 2341,905
At 30 November 2260,102
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables83,97037,426
Other debtors4,9213,371
Prepayments and accrued income5,4421,320
Total94,33342,117
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables21,8155,128
Bank borrowings and overdrafts15,13114,212
Taxation and social security11,47418,482
Finance lease and HP contracts10,95210,115
Other creditors48,827159
Accrued liabilities and deferred income2,7922,754
Total110,99150,850
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts52,63967,770
Other creditors11,26922,221
Total63,90889,991
8.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts11,26922,221
9.Operating lease commitments
At 30 November 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £43,800 (2022 – £52,560)