Company Registration No. 13217785 (England and Wales)
Blinktown Group Ltd
Unaudited accounts
for the year ended 31 December 2023
Blinktown Group Ltd
Unaudited accounts
Contents
Blinktown Group Ltd
Company Information
for the year ended 31 December 2023
Directors
Florence Lai Bing Kum
Blinktown Upper Ltd
Company Number
13217785 (England and Wales)
Registered Office
84 Woodland Gardens
Isleworth
London
TW7 6LP
Accountants
Beckett Taylor Limited
63-66 Hatton Garden
London
EC1N 8LE
Blinktown Group Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
72,972
90,560
Tangible assets
150,848
32,644
Cash at bank and in hand
42
48,108
Creditors: amounts falling due within one year
(506,360)
(295,404)
Net current liabilities
(459,667)
(193,829)
Net liabilities
(235,847)
(70,625)
Called up share capital
1
1
Profit and loss account
(235,848)
(70,626)
Shareholders' funds
(235,847)
(70,625)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
Florence Lai Bing Kum
Director
Company Registration No. 13217785
Blinktown Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
Blinktown Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13217785. The registered office is 84 Woodland Gardens, Isleworth, London, TW7 6LP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased franchises) are included at cost less accumulated amortisation. Over five years.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The financial statements of the company for this year end have been prepared on the assumption that the company will continue its operations in the foreseeable future (going concern basis). The directors have provided funding to support the company and meet its obligations. They believe that this funding, along with cost reduction measures and business plans, will enable the company to continue operating.
Blinktown Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
119,515
Charge for the year
23,903
At 31 December 2023
46,543
At 31 December 2023
72,972
At 31 December 2022
90,560
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
30,000
6,444
1,082
37,526
Additions
127,965
7,326
2,204
137,495
At 31 December 2023
157,965
13,770
3,286
175,021
At 1 January 2023
3,000
1,611
271
4,882
Charge for the year
15,497
3,040
754
19,291
At 31 December 2023
18,497
4,651
1,025
24,173
At 31 December 2023
139,468
9,119
2,261
150,848
At 31 December 2022
27,000
4,833
811
32,644
Amounts falling due within one year
Accrued income and prepayments
39,965
35,000
Blinktown Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
92,038
-
Trade creditors
56,749
60,385
Taxes and social security
1,844
-
Loans from directors
291,054
234,419
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).