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Registrar

Registration number: 07990408

Blatch Builders Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 30 September 2024

 

Blatch Builders Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Blatch Builders Limited

Company Information

Directors

C W Blatch

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Bankers

Barclays Bank PLC
1 Bank Street
Braintree
Essex
CM7 7UQ

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Blatch Builders Limited

(Registration number: 07990408)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

6,957

Current assets

 

Debtors

6

40,046

142,099

Cash at bank and in hand

 

120,197

18,692

 

160,243

160,791

Creditors: Amounts falling due within one year

7

(19,153)

(59,732)

Net current assets

 

141,090

101,059

Total assets less current liabilities

 

141,090

108,016

Provisions for liabilities

-

(606)

Net assets

 

141,090

107,410

Capital and reserves

 

Called up share capital

8

68

68

Capital redemption reserve

32

32

Retained earnings

140,990

107,310

Shareholders' funds

 

141,090

107,410

For the financial period ended 30 September 2024 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 October 2024
 

C W Blatch
Director

 

Blatch Builders Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office and principle place of business is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

The company ceased trading at the period end date.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services relating to building construction. Turnover is shown net of value added tax, returns, rebates and discounts.

Government grants

Government grants have been recognised within the profit and loss account for the accounting period they relate to.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

Blatch Builders Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Reducing Balance Basis

Office Equipment

33% Straight Line Basis

Motor Vehicles

20% Reducing Balance Basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

 

Blatch Builders Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

107,345

107,345

At 30 September 2024

107,345

107,345

Amortisation

At 1 April 2023

107,345

107,345

At 30 September 2024

107,345

107,345

Carrying amount

At 30 September 2024

-

-

 

Blatch Builders Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

5

Tangible assets

Office equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

1,266

15,891

18,029

35,186

Additions

-

-

1,500

1,500

Disposals

(1,266)

(15,891)

(19,529)

(36,686)

At 30 September 2024

-

-

-

-

Depreciation

At 1 April 2023

831

14,454

12,944

28,229

Charge for the period

172

455

2,450

3,077

Eliminated on disposal

(1,003)

(14,909)

(15,394)

(31,306)

At 30 September 2024

-

-

-

-

Carrying amount

At 30 September 2024

-

-

-

-

At 31 March 2023

435

1,437

5,085

6,957

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

36,905

133,701

Amounts owed by directors

10

3,140

-

Other debtors

 

1

7,383

Prepayments

 

-

1,015

 

40,046

142,099

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

8

-

Trade creditors

 

150

19,644

Taxation and social security

 

15,561

2,330

Accruals and deferred income

 

3,434

1,160

Other creditors

 

-

36,598

 

19,153

59,732

 

Blatch Builders Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

68

68

68

68

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

8

-

10

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

-

32,929

(29,788)

3,141