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REGISTERED NUMBER: SC256008 (Scotland)










Financial Statements

For The Year Ended 31 December 2023

for

Blitz Group Limited

Blitz Group Limited (Registered number: SC256008)

Contents of the Financial Statements
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blitz Group Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: J Whelehan
A Malloy





SECRETARY: J Whelehan





REGISTERED OFFICE: Unit 1-2
Chryston Business Park
Cloverhill Place
Glasgow
North Lanarkshire
G69 9DQ





REGISTERED NUMBER: SC256008 (Scotland)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

Blitz Group Limited (Registered number: SC256008)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,451 78,508

CURRENT ASSETS
Debtors 5 390,852 316,069
Cash at bank 46,042 61,914
436,894 377,983
CREDITORS
Amounts falling due within one year 6 240,002 125,613
NET CURRENT ASSETS 196,892 252,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,343

330,878

CREDITORS
Amounts falling due after more than one
year

7

(79,167

)

(129,167

)

PROVISIONS FOR LIABILITIES (17,701 ) (11,785 )
NET ASSETS 192,475 189,926

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 191,475 188,926
SHAREHOLDERS' FUNDS 192,475 189,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Blitz Group Limited (Registered number: SC256008)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





J Whelehan - Director


Blitz Group Limited (Registered number: SC256008)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Blitz Group Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's presentational currency is pounds sterling.

Significant judgements and estimates
The preparation of financial information in compliance with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

The directors have identified the following area which give rise to estimation uncertainty:

1) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and any residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account.

Turnover
Turnover represents sales of cleaning services and related cleaning products, excluding VAT.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax and any other sales taxes The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.


Rendering of services
Revenue from agreement to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the agreement.

Blitz Group Limited (Registered number: SC256008)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

The company adds to the carrying amount of an item of fixed asset the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the
company. Any carrying amount of the replaced part is written off. Repairs and maintenance are charged to
the profit and loss during the year in which they are incurred except for any parts unused at the year end.
Asset residual values, useful lives and depreciation methods of relevant assets are reviewed, and adjusted
prospectively if appropriate. Gains and losses on disposals are determined by comparing the proceeds with
the carrying amount and recognised in the profit and loss during the year of disposal.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 98 (2022 - 98 ) .

Blitz Group Limited (Registered number: SC256008)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 72,589 4,077 144,567 16,598 237,831
Additions - - 44,140 617 44,757
Disposals - - (45,603 ) - (45,603 )
At 31 December 2023 72,589 4,077 143,104 17,215 236,985
DEPRECIATION
At 1 January 2023 53,286 3,123 92,968 9,946 159,323
Charge for year 4,825 238 23,934 1,817 30,814
Eliminated on disposal - - (45,603 ) - (45,603 )
At 31 December 2023 58,111 3,361 71,299 11,763 144,534
NET BOOK VALUE
At 31 December 2023 14,478 716 71,805 5,452 92,451
At 31 December 2022 19,303 954 51,599 6,652 78,508

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 38,794
Transfer to ownership (38,794 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 31,888
Transfer to ownership (31,888 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 6,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 390,852 306,808
Other debtors - 9,261
390,852 316,069

Blitz Group Limited (Registered number: SC256008)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts - 320
Trade creditors 10,890 14,345
Taxation and social security 59,838 38,462
Other creditors 119,274 22,486
240,002 125,613

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 79,167 129,167

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 129,167 179,167
Hire purchase contracts - 320
129,167 179,487

The CBIL loan is supported by a 80% guarantee from the UK Government.

Hire purchase creditors are secured on the assets concerned.

The company uses Royal Bank of Scotland plc invoice discounting. All book debts are secured to Royal Bank of Scotland plc.

9. RELATED PARTY DISCLOSURES

The company actively trades with one other company. Both companies are under common control and ownership. The transactions between the companies are on an open market value basis at arms length. Most of the transactions are not for goods and services and are the movement of funds between group companies.

10. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, there is no single ultimate controlling party.