Registered number
08739662
Blane Associates Limited
Filleted Accounts
31 March 2024
Blane Associates Limited
Registered number: 08739662
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 44,359 57,430
Current assets
Debtors 4 25,583 7,950
Cash at bank and in hand 115,981 75,444
141,564 83,394
Creditors: amounts falling due within one year 5 (69,962) (55,244)
Net current assets 71,602 28,150
Total assets less current liabilities 115,961 85,580
Creditors: amounts falling due after more than one year 6 (17,087) (26,044)
Provisions for liabilities (8,428) (10,912)
Net assets 90,446 48,624
Capital and reserves
Called up share capital 100 100
Profit and loss account 90,346 48,524
Shareholders' funds 90,446 48,624
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 members have 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. C. Blane
Director
Approved by the board on 17 September 2024
Blane Associates Limited
Notes to the Accounts
for the year ended 31 March 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 33.33% straight line
Motor Vehicles 25% 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company contributes to individual personal pension arrangements.
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 April 2023 9,372 75,794 85,166
Additions 7,752 - 7,752
Disposals (3,737) - (3,737)
At 31 March 2024 13,387 75,794 89,181
Depreciation
At 1 April 2023 8,788 18,948 27,736
Charge for the year 1,875 18,948 20,823
On disposals (3,737) - (3,737)
At 31 March 2024 6,926 37,896 44,822
Net book value
At 31 March 2024 6,461 37,898 44,359
At 31 March 2023 584 56,846 57,430
4 Debtors 2024 2023
£ £
Trade debtors 25,583 7,200
Other debtors - 750
25,583 7,950
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,929 8,929
Other taxes and social security costs 56,640 14,517
Other creditors 4,393 31,798
69,962 55,244
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 17,087 26,044
7 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
8 Controlling party
The company is controlled by the directors.
9 Other information
Blane Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 1 Park Court,
Pyrford Road,
West Byfleet,
Surrey,
KT14 6SD.
Its place of business in:
63 Vale View,
Shaftesbury,
Dorset,
SP7 8TH.
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