BrightAccountsProduction v1.0.0 v1.0.0 2023-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of consultancy services. 20 September 2024 1 1 NI636685 2024-02-29 NI636685 2023-02-28 NI636685 2022-02-28 NI636685 2023-03-01 2024-02-29 NI636685 2022-03-01 2023-02-28 NI636685 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI636685 uk-curr:PoundSterling 2023-03-01 2024-02-29 NI636685 uk-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI636685 uk-bus:FullAccounts 2023-03-01 2024-02-29 NI636685 uk-bus:Director1 2023-03-01 2024-02-29 NI636685 uk-bus:RegisteredOffice 2023-03-01 2024-02-29 NI636685 uk-bus:Agent1 2023-03-01 2024-02-29 NI636685 uk-core:ShareCapital 2024-02-29 NI636685 uk-core:ShareCapital 2023-02-28 NI636685 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI636685 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI636685 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 NI636685 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 NI636685 uk-bus:FRS102 2023-03-01 2024-02-29 NI636685 uk-core:PlantMachinery 2023-03-01 2024-02-29 NI636685 uk-core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 NI636685 uk-core:MotorVehicles 2023-03-01 2024-02-29 NI636685 uk-core:CurrentFinancialInstruments 2024-02-29 NI636685 uk-core:CurrentFinancialInstruments 2023-02-28 NI636685 uk-core:WithinOneYear 2024-02-29 NI636685 uk-core:WithinOneYear 2023-02-28 NI636685 uk-core:AfterOneYear 2024-02-29 NI636685 uk-core:AfterOneYear 2023-02-28 NI636685 uk-core:BetweenTwoFiveYears 2024-02-29 NI636685 uk-core:BetweenTwoFiveYears 2023-02-28 NI636685 uk-core:OtherMiscellaneousReserve 2023-02-28 NI636685 uk-core:OtherMiscellaneousReserve 2023-03-01 2024-02-29 NI636685 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-02-29 NI636685 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-02-29 NI636685 uk-core:OtherDeferredTax 2024-02-29 NI636685 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-02-29 NI636685 uk-core:OtherMiscellaneousReserve 2024-02-29 NI636685 2023-03-01 2024-02-29 NI636685 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Black Stone Industries Ltd
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 29 February 2024
Black Stone Industries Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Mr Henry McPeake
 
 
Company Registration Number NI636685
 
 
Registered Office 16 Mount Charles
Belfast
BT7 1NZ
 
 
Business Address 105 CARHILL ROAD
Coleraine
BT51 5PQ
 
 
Accountants Muldoon & Co
16 Mount Charles
Belfast
BT7 1NZ
 
 
Bankers Santander
  63 Royal Avenue
  Belfast
  BT1 1FT



Black Stone Industries Ltd
DIRECTOR'S REPORT
for the financial year ended 29 February 2024

 
The director presents their report and the unaudited financial statements for the financial year ended 29 February 2024.
 
Principal Activity
The principal activity is that of consultancy services.
     
Results and Dividends
The profit for the financial year after providing for depreciation and taxation amounted to £82,777 (2023 - £270,660).
     
Director
The director who served during the financial year is as follows:
     
Mr Henry McPeake
   
There were no changes in shareholdings between 29 February 2024 and the date of signing the financial statements.
     
Statement of Director's Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
  
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
  
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Mr Henry McPeake
Director
     
20 September 2024



Black Stone Industries Ltd
Company Registration Number: NI636685
BALANCE SHEET
as at 29 February 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 58,919 71,345
───────── ─────────
 
Current Assets
Debtors 5 421,336 526,738
Cash and cash equivalents 5,665 347,161
───────── ─────────
427,001 873,899
───────── ─────────
Creditors: amounts falling due within one year 6 (38,046) (506,299)
───────── ─────────
Net Current Assets 388,955 367,600
───────── ─────────
Total Assets less Current Liabilities 447,874 438,945
 
Creditors:
amounts falling due after more than one year 7 (19,359) (27,346)
 
Provisions for liabilities 9 (11,195) (13,556)
───────── ─────────
Net Assets 417,320 398,043
═════════ ═════════
 
Capital and Reserves
Called up share capital 10 10
Retained earnings 417,310 398,033
───────── ─────────
Equity attributable to owners of the company 417,320 398,043
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.
           
For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 20 September 2024
           
           
           
________________________________          
Mr Henry McPeake          
Director          
           



Black Stone Industries Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 29 February 2024

   
1. General Information
 
Black Stone Industries Ltd is a company limited by shares incorporated in Northern Ireland. 16 Mount Charles, Belfast, BT7 1NZ is the registered office. 105 Carhill Road, Coleraine, BT51 5PQ is the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 29 February 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
         
4. Tangible assets
  Plant and Fixtures, Motor
  machinery fittings and vehicles
    equipment  
  £ £ £
Cost
At 1 March 2023 55,520 12,010 46,443
Additions - 930 16,950
Disposals - - (46,443)
  ───────── ───────── ─────────
At 29 February 2024 55,520 12,940 16,950
  ───────── ───────── ─────────
Depreciation
At 1 March 2023 5,192 6,747 30,689
Charge for the financial year 10,066 1,097 5,984
On disposals - - (33,284)
  ───────── ───────── ─────────
At 29 February 2024 15,258 7,844 3,389
  ───────── ───────── ─────────
Net book value
At 29 February 2024 40,262 5,096 13,561
  ═════════ ═════════ ═════════
At 28 February 2023 50,328 5,263 15,754
  ═════════ ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 21,200 33,695
Amounts owed by participating interests - 99,000
Amounts owed by related parties 25,000 25,000
Director's current account (Note 10) 112,011 -
Taxation  (Note 8) 3,125 9,043
Prepayments and accrued income 260,000 360,000
  ───────── ─────────
  421,336 526,738
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 3,900 51,515
Taxation  (Note 8) 29,506 34,207
Director's current account - 358,937
Accruals 4,640 61,640
  ───────── ─────────
  38,046 506,299
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 19,359 27,346
  ═════════ ═════════
 
Loans
Repayable between two and five years 19,359 27,346
  ═════════ ═════════
 
       
8. Taxation 2024 2023
  £ £
 
Debtors:
VAT 3,125 9,043
  ═════════ ═════════
Creditors:
Corporation tax 29,506 34,207
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 13,556 13,556 5,280
Charged to profit and loss (2,361) (2,361) 8,276
  ───────── ───────── ─────────
At financial year end 11,195 11,195 13,556
  ═════════ ═════════ ═════════
   
10. Director's advances, credits and guarantees
 
During the financial year, the company made a loan to a director amounting to £112,011. This was repaid within 9 months of the year end.