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REGISTERED NUMBER: 10165393 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Blending Contractors Limited

Blending Contractors Limited (Registered number: 10165393)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Blending Contractors Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: N G Hending
D A Black



REGISTERED OFFICE: 5 Skylark Way
Abbeydale
Gloucester
Gloucestershire
GL4 4QY



REGISTERED NUMBER: 10165393 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank Plc
18 Southgate Street
Gloucester
Gloucestershire
GL1 2DH

Blending Contractors Limited (Registered number: 10165393)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,988 8,034

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 84,404 69,771
Cash at bank 10,509 3,986
97,413 76,257
CREDITORS
Amounts falling due within one year 6 65,390 37,577
NET CURRENT ASSETS 32,023 38,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,011

46,714

CREDITORS
Amounts falling due after more than one
year

7

(6,000

)

(12,000

)

PROVISIONS FOR LIABILITIES (1,317 ) (1,768 )
NET ASSETS 30,694 32,946

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,693 32,945
SHAREHOLDERS' FUNDS 30,694 32,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Blending Contractors Limited (Registered number: 10165393)

Statement of Financial Position - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





D A Black - Director


Blending Contractors Limited (Registered number: 10165393)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Blending Contractors Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Blending Contractors Limited (Registered number: 10165393)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 June 2023 30,953 1,571 32,524
Additions 108 - 108
At 31 May 2024 31,061 1,571 32,632
Depreciation
At 1 June 2023 23,395 1,095 24,490
Charge for year 1,916 238 2,154
At 31 May 2024 25,311 1,333 26,644
Net book value
At 31 May 2024 5,750 238 5,988
At 31 May 2023 7,558 476 8,034

Blending Contractors Limited (Registered number: 10165393)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 June 2023 26,999
Transfer to ownership (26,999 )
At 31 May 2024 -
Depreciation
At 1 June 2023 20,905
Transfer to ownership (20,905 )
At 31 May 2024 -
Net book value
At 31 May 2024 -
At 31 May 2023 6,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 35,803 18,342
Other debtors 48,601 51,429
84,404 69,771

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts - 1,600
Trade creditors 15,180 5,975
Taxation and social security 41,073 20,894
Other creditors 3,137 3,108
65,390 37,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 6,000 12,000