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REGISTERED NUMBER: 05333773 (England and Wales)














C H & D Bland Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






C H & D Bland Limited (Registered number: 05333773)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


C H & D Bland Limited

Company Information
for the Year Ended 31 January 2024







Directors: Mr D W Bland
Mrs E Bland





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: New Farm
Wigtoft Bank
Wigtoft
Boston
Lincolnshire
PE20 2QB





Registered number: 05333773 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
C H & D Bland Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C H & D Bland Limited for the year ended 31 January 2024 which comprise the Statement of income and retained earnings, 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of C H & D Bland Limited, as a body, in accordance with the terms of our engagement letter dated 4 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of C H & D Bland Limited and state those matters that we have agreed to state to the Board of Directors of C H & D Bland Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C H & D Bland Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C H & D Bland 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 C H & D Bland Limited. You consider that C H & D Bland 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 C H & D Bland 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.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


30 October 2024

C H & D Bland Limited (Registered number: 05333773)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 457,463 341,666
Investments 6 477,265 -
934,728 341,666

Current assets
Stocks 7 74,718 49,293
Debtors 8 75,882 30,732
Cash at bank 1,793,828 2,483,644
1,944,428 2,563,669
Creditors
Amounts falling due within one year 9 57,460 114,301
Net current assets 1,886,968 2,449,368
Total assets less current liabilities 2,821,696 2,791,034

Creditors
Amounts falling due after more than one
year

10

(38,118

)

-

Provisions for liabilities (102,355 ) (71,782 )
Net assets 2,681,223 2,719,252

Capital and reserves
Called up share capital 11 1,000 1,000
Retained earnings 2,680,223 2,718,252
Shareholders' funds 2,681,223 2,719,252

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

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

C H & D Bland Limited (Registered number: 05333773)

Statement of Financial Position - continued
31 January 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mr D W Bland - Director


C H & D Bland Limited (Registered number: 05333773)

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


1. Statutory information

C H & D Bland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
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 fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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 and machinery - 20% reducing balance
Motor vehicles - 25% reducing balance
Farm buildings and glass - 4% straight line

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 Statement of Income and Retained Earnings, 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.


C H & D Bland Limited (Registered number: 05333773)

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


3. Accounting policies - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investments
Investments are initially recorded at cost, and are subsequently revalued and are recorded at the fair value at the date of revaluation, as determined by reference to an active market.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employees and directors

The average number of employees during the year was 4 (2023 - 3 ) .

C H & D Bland Limited (Registered number: 05333773)

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


5. Tangible fixed assets
Farm
buildings Plant and Motor
and glass machinery vehicles Totals
£    £    £    £   
Cost
At 1 February 2023 166,841 946,495 7,910 1,121,246
Additions - 279,745 - 279,745
Disposals - (138,185 ) - (138,185 )
At 31 January 2024 166,841 1,088,055 7,910 1,262,806
Depreciation
At 1 February 2023 109,601 662,113 7,866 779,580
Charge for year 6,673 101,715 11 108,399
Eliminated on disposal - (82,636 ) - (82,636 )
At 31 January 2024 116,274 681,192 7,877 805,343
Net book value
At 31 January 2024 50,567 406,863 33 457,463
At 31 January 2023 57,240 284,382 44 341,666

6. Fixed asset investments
Other
investments
£   
Cost or valuation
Additions 449,225
Revaluations 28,040
At 31 January 2024 477,265
Net book value
At 31 January 2024 477,265

Cost or valuation at 31 January 2024 is represented by:

Other
investments
£   
Valuation in 2024 28,040
Cost 449,225
477,265

7. Stocks
2024 2023
£    £   
Stocks 74,718 49,293

C H & D Bland Limited (Registered number: 05333773)

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


8. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 36,765 17,854
Tax 17,216 -
VAT repayable 10,845 6,165
Prepayments 11,056 6,713
75,882 30,732

9. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 9,186 3,557
Corporation tax - 33,658
Social security and other taxes 792 90
Finance leases and hire
purchase contracts 38,118 22,537
Directors' current accounts 4,320 49,075
Accruals and deferred income 5,044 5,384
57,460 114,301

Obligations under finance leases and hire purchase agreements are secured against the relevant asset.

10. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Finance leases and hire
purchase contracts 38,118 -
38,118 -

Obligations under finance leases and hire purchase agreements are secured against the relevant asset.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary shares 1 1,000 1,000