B P Blasting Solutions Limited 06067756 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Shotblasters Digita Accounts Production Advanced 6.30.9574.0 true true 06067756 2023-02-01 2024-01-31 06067756 2024-01-31 06067756 core:CurrentFinancialInstruments 2024-01-31 06067756 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 06067756 core:Non-currentFinancialInstruments 2024-01-31 06067756 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 06067756 core:FurnitureFittings 2024-01-31 06067756 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 06067756 core:MotorVehicles 2024-01-31 06067756 core:OfficeEquipment 2024-01-31 06067756 core:PlantMachinery 2024-01-31 06067756 bus:SmallEntities 2023-02-01 2024-01-31 06067756 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06067756 bus:FilletedAccounts 2023-02-01 2024-01-31 06067756 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06067756 bus:RegisteredOffice 2023-02-01 2024-01-31 06067756 bus:Director1 2023-02-01 2024-01-31 06067756 bus:Director2 2023-02-01 2024-01-31 06067756 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06067756 core:FurnitureFittings 2023-02-01 2024-01-31 06067756 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06067756 core:MotorVehicles 2023-02-01 2024-01-31 06067756 core:OfficeEquipment 2023-02-01 2024-01-31 06067756 core:PlantMachinery 2023-02-01 2024-01-31 06067756 countries:UnitedKingdom 2023-02-01 2024-01-31 06067756 2023-01-31 06067756 core:FurnitureFittings 2023-01-31 06067756 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 06067756 core:MotorVehicles 2023-01-31 06067756 core:OfficeEquipment 2023-01-31 06067756 core:PlantMachinery 2023-01-31 06067756 2022-02-01 2023-01-31 06067756 2023-01-31 06067756 core:CurrentFinancialInstruments 2023-01-31 06067756 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 06067756 core:Non-currentFinancialInstruments 2023-01-31 06067756 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 06067756 core:FurnitureFittings 2023-01-31 06067756 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 06067756 core:MotorVehicles 2023-01-31 06067756 core:OfficeEquipment 2023-01-31 06067756 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 06067756

B P Blasting Solutions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

B P Blasting Solutions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

B P Blasting Solutions Limited

Company Information

Directors

Mr Brett Thomas Pearson

Mrs Nicola Vivian Pearson

Registered office

B3 Clover House
Harvey Drive
John Wilson Business Park
Whitstable
Kent
CT5 3QZ

Accountants

C W W Ltd
B3 Clover House
Harvey Drive
John Wilson Business Park
Whitstable
Kent
CT5 3QZ

 

B P Blasting Solutions Limited

(Registration number: 06067756)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

50,675

26,207

Current assets

 

Stocks

5

-

71,397

Debtors

6

48,370

109,589

Cash at bank and in hand

 

4

4

 

48,374

180,990

Creditors: Amounts falling due within one year

7

(18,201)

(123,613)

Net current assets

 

30,173

57,377

Total assets less current liabilities

 

80,848

83,584

Creditors: Amounts falling due after more than one year

7

(20,715)

(24,604)

Net assets

 

60,133

58,980

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

60,033

58,880

Shareholders' funds

 

60,133

58,980

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

 

B P Blasting Solutions Limited

(Registration number: 06067756)
Balance Sheet as at 31 January 2024

.........................................
Mr Brett Thomas Pearson
Director

 

B P Blasting Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
B3 Clover House
Harvey Drive
John Wilson Business Park
Whitstable
Kent
CT5 3QZ

These financial statements were authorised for issue by the Board on 28 October 2024.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

 

B P Blasting Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class

Depreciation method and rate

25% RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

B P Blasting Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

B P Blasting Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 February 2023

2,268

1,042

185,619

3,172

Additions

-

-

34,858

-

At 31 January 2024

2,268

1,042

220,477

3,172

Depreciation

At 1 February 2023

-

1,007

166,448

2,888

Charge for the year

-

9

13,160

71

At 31 January 2024

-

1,016

179,608

2,959

Carrying amount

At 31 January 2024

2,268

26

40,869

213

At 31 January 2023

2,268

35

19,171

284

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

39,745

231,846

Additions

5,284

40,142

At 31 January 2024

45,029

271,988

Depreciation

At 1 February 2023

35,296

205,639

Charge for the year

2,434

15,674

At 31 January 2024

37,730

221,313

Carrying amount

At 31 January 2024

7,299

50,675

At 31 January 2023

4,449

26,207

Included within the net book value of land and buildings above is £2,268 (2023 - £2,268) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

-

71,397

 

B P Blasting Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

18,520

60,712

Other debtors

29,850

48,877

 

48,370

109,589

 

B P Blasting Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

11,105

9,789

Trade creditors

 

-

2,006

Taxation and social security

 

7,055

-

Other creditors

 

41

111,818

 

18,201

123,613

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

20,715

24,604

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

20,715

24,604

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,889

3,888

Bank overdrafts

7,216

5,901

11,105

9,789

 

B P Blasting Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

10

Dividends

2024

2023

£

£

Final dividend of £Nil (2023 - £1.00) per ordinary share

20,200

-

Interim dividend of £Nil (2023 - £3.00) per ordinary share

-

-

20,200

-

 

 

11

Related party transactions

 

B P Blasting Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,200

25,140