Registered number
10173929
Blake Evans & Co Limited
Unaudited Filleted Accounts
31 May 2024
Blake Evans & Co Limited
Registered number: 10173929
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,401 29,880
Current assets
Debtors 4 11,000 169,293
Cash at bank and in hand 179,234 78,067
190,234 247,360
Creditors: amounts falling due within one year 5 (24,832) (22,352)
Net current assets 165,402 225,008
Net assets 200,803 254,888
Capital and reserves
Called up share capital 125 125
Profit and loss account 200,678 254,763
Shareholder's funds 200,803 254,888
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Oliver Blake
Director
Approved by the board on 4 October 2024
Blake Evans & Co Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 30,488 30,929 61,417
Additions 1,395 29,629 31,024
Disposals - (30,929) (30,929)
At 31 May 2024 31,883 29,629 61,512
Depreciation
At 1 June 2023 18,790 12,747 31,537
Charge for the year 5,346 5,305 10,651
On disposals - (16,077) (16,077)
At 31 May 2024 24,136 1,975 26,111
Net book value
At 31 May 2024 7,747 27,654 35,401
At 31 May 2023 11,698 18,182 29,880
4 Debtors 2024 2023
£ £
Trade debtors - 15,036
Other debtors 11,000 154,257
11,000 169,293
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors (405) 1,650
Other taxes and social security costs 22,064 19,047
Other creditors 3,173 1,655
24,832 22,352
6 Other information
Blake Evans & Co Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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