0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC234333 2022-10-01 2023-09-30 SC234333 2023-09-30 SC234333 2022-09-30 SC234333 2021-10-01 2022-09-30 SC234333 2022-09-30 SC234333 2021-09-30 SC234333 core:PlantMachinery 2022-10-01 2023-09-30 SC234333 core:FurnitureFittings 2022-10-01 2023-09-30 SC234333 bus:LeadAgentIfApplicable 2022-10-01 2023-09-30 SC234333 bus:Director1 2022-10-01 2023-09-30 SC234333 core:PlantMachinery 2022-09-30 SC234333 core:FurnitureFittings 2022-09-30 SC234333 core:PlantMachinery 2023-09-30 SC234333 core:FurnitureFittings 2023-09-30 SC234333 core:WithinOneYear 2023-09-30 SC234333 core:WithinOneYear 2022-09-30 SC234333 core:AfterOneYear 2023-09-30 SC234333 core:AfterOneYear 2022-09-30 SC234333 core:ShareCapital 2023-09-30 SC234333 core:ShareCapital 2022-09-30 SC234333 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC234333 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC234333 core:PlantMachinery 2022-09-30 SC234333 core:FurnitureFittings 2022-09-30 SC234333 bus:SmallEntities 2022-10-01 2023-09-30 SC234333 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SC234333 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 SC234333 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC234333 bus:FullAccounts 2022-10-01 2023-09-30 SC234333 core:OfficeEquipment 2022-10-01 2023-09-30 SC234333 core:OfficeEquipment 2023-09-30 SC234333 core:OfficeEquipment 2022-09-30
COMPANY REGISTRATION NUMBER: SC234333
Blake Homes (Scotland) Limited
Filleted Unaudited Financial Statements
30 September 2023
Blake Homes (Scotland) Limited
Financial Statements
Year ended 30 September 2023
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Blake Homes (Scotland) Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Blake Homes (Scotland) Limited
Year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blake Homes (Scotland) Limited for the year ended 30 September 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Blake Homes (Scotland) Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Blake Homes (Scotland) Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blake Homes (Scotland) Limited and its director for our work or for this report.
It is your duty to ensure that Blake Homes (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blake Homes (Scotland) Limited. You consider that Blake Homes (Scotland) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Blake Homes (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
17 September 2024
Blake Homes (Scotland) Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
12,531
13,933
Current assets
Stocks
202,670
202,670
Debtors
5
170,917
100,582
Cash at bank and in hand
3,075
82,938
---------
---------
376,662
386,190
Creditors: amounts falling due within one year
6
87,953
122,002
---------
---------
Net current assets
288,709
264,188
---------
---------
Total assets less current liabilities
301,240
278,121
Creditors: amounts falling due after more than one year
7
20,915
30,647
---------
---------
Net assets
280,325
247,474
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
280,321
247,470
---------
---------
Shareholders funds
280,325
247,474
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Blake Homes (Scotland) Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 17 September 2024 , and are signed on behalf of the board by:
Mr D Blake
Director
Company registration number: SC234333
Blake Homes (Scotland) Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 11 Middleton Avenue, Strutherhill Industrial Estate, Larkhall, ML9 2TL.
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 profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
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 revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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 & Machinery
-
10% reducing balance
Fixtures & Fittings
-
12% reducing balance
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 October 2022 and 30 September 2023
54,679
5,754
1,002
61,435
--------
-------
-------
--------
Depreciation
At 1 October 2022
41,143
5,357
1,002
47,502
Charge for the year
1,354
48
1,402
--------
-------
-------
--------
At 30 September 2023
42,497
5,405
1,002
48,904
--------
-------
-------
--------
Carrying amount
At 30 September 2023
12,182
349
12,531
--------
-------
-------
--------
At 30 September 2022
13,536
397
13,933
--------
-------
-------
--------
5. Debtors
2023
2022
£
£
Trade debtors
51,063
48,747
Other debtors
119,854
51,835
---------
---------
170,917
100,582
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
24,794
10,648
Trade creditors
51,665
93,577
Corporation tax
10,040
10,896
Social security and other taxes
31
356
Other creditors
1,423
6,525
--------
---------
87,953
122,002
--------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,915
30,647
--------
--------
8. Director's advances, credits and guarantees
As at 30th September 2023 the director, Mr D Blake , owed the company £58,343 (2022: £4,915).
9. Controlling party
The company was under the control of Mr D Blake throughout the current and previous year.