1 false false false true false false false false false false true false false false false true false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 129,943 14,842 144,785 95,887 5,341 101,228 43,557 34,056 1,420,000 1,410,000 200,000 1,210,000 210,000 10,000 xbrli:pure xbrli:shares iso4217:GBP 6746258 2023-04-01 2024-03-31 6746258 2024-03-31 6746258 2023-03-31 6746258 2022-04-01 2023-03-31 6746258 2023-03-31 6746258 core:Subsidiary1 2023-04-01 2024-03-31 6746258 core:PlantMachinery 2023-04-01 2024-03-31 6746258 bus:Director4 2023-04-01 2024-03-31 6746258 core:PlantMachinery 2023-03-31 6746258 core:PlantMachinery 2024-03-31 6746258 core:WithinOneYear 2024-03-31 6746258 core:WithinOneYear 2023-03-31 6746258 core:ShareCapital 2024-03-31 6746258 core:ShareCapital 2023-03-31 6746258 core:CapitalRedemptionReserve 2024-03-31 6746258 core:CapitalRedemptionReserve 2023-03-31 6746258 core:RetainedEarningsAccumulatedLosses 2024-03-31 6746258 core:RetainedEarningsAccumulatedLosses 2023-03-31 6746258 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 6746258 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-03-31 6746258 core:ImpairmentReversalProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2024-03-31 6746258 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-03-31 6746258 core:Non-currentFinancialInstruments 2024-03-31 6746258 core:Non-currentFinancialInstruments 2023-03-31 6746258 core:PlantMachinery 2023-03-31 6746258 bus:SmallEntities 2023-04-01 2024-03-31 6746258 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 6746258 bus:FullAccounts 2023-04-01 2024-03-31 6746258 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 6746258 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 6746258
BLAZON HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
BLAZON HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 7
BLAZON HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
43,557
34,056
Investments
6
210,000
10,000
---------
--------
253,557
44,056
Current assets
Debtors
7
1,148,438
1,103,599
Cash at bank and in hand
188,052
214,041
------------
------------
1,336,490
1,317,640
Creditors: amounts falling due within one year
8
36,555
57,951
------------
------------
Net current assets
1,299,935
1,259,689
------------
------------
Total assets less current liabilities
1,553,492
1,303,745
Provisions
Taxation including deferred tax
8,557
6,470
------------
------------
Net assets
1,544,935
1,297,275
------------
------------
Capital and reserves
Called up share capital
68,000
68,000
Capital redemption reserve
34,000
34,000
Profit and loss account
1,442,935
1,195,275
------------
------------
Shareholders funds
1,544,935
1,297,275
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BLAZON HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 5 September 2024 , and are signed on behalf of the board by:
Mr J Burfield
Director
Company registration number: 6746258
BLAZON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit F2, Northfleet Industrial Estate, Lower Road, Northfleet, Gravesend, Kent, DA11 9SW, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the statement of comprehensive income. The financial statements are prepared in sterling, which is the functional currency of the entity.
Debtors
Debtors are initially recorded at fair value and are assessed for impairment at each reporting date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.
Creditors
Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.
Statement of cash flows
The company has taken advantage of the small companies exemptions and not prepared a statement of cash flows.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
There are no significant estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Revenue refers to the amounts earned from the Company's principal activity; that of a holding company. The revenue shown in the income statement represents amount invoiced during the year, exclusive of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in the statement of comprehensive income.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 April 2023
129,943
129,943
Additions
14,842
14,842
---------
---------
At 31 March 2024
144,785
144,785
---------
---------
Depreciation
At 1 April 2023
95,887
95,887
Charge for the year
5,341
5,341
---------
---------
At 31 March 2024
101,228
101,228
---------
---------
Carrying amount
At 31 March 2024
43,557
43,557
---------
---------
At 31 March 2023
34,056
34,056
---------
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
1,420,000
------------
Impairment
At 1 April 2023
1,410,000
Reversal of impairment losses
( 200,000)
------------
At 31 March 2024
1,210,000
------------
Carrying amount
At 31 March 2024
210,000
------------
At 31 March 2023
10,000
------------
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
Blazon Fabrications Limited
Ordinary
100
7. Debtors
2024
2023
£
£
Trade debtors
12,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,123,063
1,075,063
Other debtors
13,375
28,536
------------
------------
1,148,438
1,103,599
------------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
13,355
Corporation tax
14,890
Social security and other taxes
6,810
10,931
Other creditors
1,500
47,020
--------
--------
36,555
57,951
--------
--------
9. Directors' advances, credits and guarantees
At the balance sheet, £10,000 was owed by the Director. This balance was interest free and repayable on demand.