Blackburn Bros Limited 02299394 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Other Digita Accounts Production Advanced 6.30.9574.0 true 02299394 2023-06-01 2024-05-31 02299394 2024-05-31 02299394 core:CurrentFinancialInstruments 2024-05-31 02299394 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 02299394 core:FurnitureFittings 2024-05-31 02299394 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 02299394 core:MotorVehicles 2024-05-31 02299394 core:PlantMachinery 2024-05-31 02299394 bus:SmallEntities 2023-06-01 2024-05-31 02299394 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 02299394 bus:FilletedAccounts 2023-06-01 2024-05-31 02299394 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02299394 bus:RegisteredOffice 2023-06-01 2024-05-31 02299394 bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 02299394 bus:Director1 2023-06-01 2024-05-31 02299394 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 02299394 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02299394 core:Buildings 2023-06-01 2024-05-31 02299394 core:FurnitureFittings 2023-06-01 2024-05-31 02299394 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 02299394 core:MotorVehicles 2023-06-01 2024-05-31 02299394 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 02299394 core:PlantMachinery 2023-06-01 2024-05-31 02299394 countries:EnglandWales 2023-06-01 2024-05-31 02299394 2023-05-31 02299394 core:FurnitureFittings 2023-05-31 02299394 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 02299394 core:MotorVehicles 2023-05-31 02299394 core:PlantMachinery 2023-05-31 02299394 2022-06-01 2023-05-31 02299394 2023-05-31 02299394 core:CurrentFinancialInstruments 2023-05-31 02299394 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 02299394 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-05-31 02299394 core:CurrentFinancialInstruments core:PreviouslyStatedAmount 2023-05-31 02299394 core:FurnitureFittings 2023-05-31 02299394 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 02299394 core:MotorVehicles 2023-05-31 02299394 core:PlantMachinery 2023-05-31 02299394 core:PreviouslyStatedAmount 2023-05-31 02299394 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 02299394

Blackburn Bros Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Blackburn Bros Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Blackburn Bros Limited

Company Information

Directors

Mr D Blackburn

Mrs E Blackburn

Company secretary

Mrs E Blackburn

Registered office

21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

Accountants

Rotherham Taylor Limited
Chartered Accountants
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Blackburn Bros Limited

(Registration number: 02299394)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

40,935

29,028

Current assets

 

Stocks

5

2,000

2,000

Debtors

6

9,757

5,443

Cash at bank and in hand

 

1,087,369

1,173,435

 

1,099,126

1,180,878

Creditors: Amounts falling due within one year

7

(178,374)

(201,379)

Net current assets

 

920,752

979,499

Total assets less current liabilities

 

961,687

1,008,527

Provisions for liabilities

(756)

(1,948)

Net assets

 

960,931

1,006,579

Capital and reserves

 

Called up share capital

50

50

Retained earnings

960,881

1,006,529

Shareholders' funds

 

960,931

1,006,579

For the financial year ending 31 May 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.

 

Blackburn Bros Limited

(Registration number: 02299394)
Balance Sheet as at 31 May 2024

Approved and authorised by the Board on 14 November 2024 and signed on its behalf by:
 

.........................................
Mr D Blackburn
Director

   
     
 

Blackburn Bros Limited

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

1

General information

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

The address of its registered office is:
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Government grants

Grants are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tax

The tax expense for the period comprises current and deferred 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.

 

Blackburn Bros Limited

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


Deferred income tax is recognised on 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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

Freehold buildings

2% on cost

Furniture, fittings and equipment

25% and 50% reducing balance

Other property, plant and equipment

15% reducing balance

Motor vehicles

25% reducing balance

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.

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

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.

 

Blackburn Bros Limited

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

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

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. 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.

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.

 

Blackburn Bros Limited

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Blackburn Bros Limited

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

4

tangible assets

Freehold buildings
£

Furniture, fittings and equipment
£

Other property, plant and equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

40,359

8,540

93,699

19,800

162,398

Additions

-

-

-

29,000

29,000

Disposals

(15,000)

-

-

-

(15,000)

At 31 May 2024

25,359

8,540

93,699

48,800

176,398

Depreciation

At 1 June 2023

18,563

7,093

87,957

19,757

133,370

Charge for the year

508

362

862

7,261

8,993

Eliminated on disposal

(6,900)

-

-

-

(6,900)

At 31 May 2024

12,171

7,455

88,819

27,018

135,463

Carrying amount

At 31 May 2024

13,188

1,085

4,880

21,782

40,935

At 31 May 2023

21,796

1,447

5,742

43

29,028

 

Blackburn Bros Limited

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

5

stocks

2024
£

2023
£

Stock

2,000

2,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

6,032

2,090

Prepayments

3,714

3,263

Other debtors

11

90

 

9,757

5,443

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

170,759

189,559

Trade creditors

 

293

377

Taxation and social security

 

3,946

4,233

Other creditors

 

3,376

7,210

 

178,374

201,379

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Directors' loan account

170,759

189,559

The directors' loan account is non-interest bearing and has no formal repayment terms.

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £1,024.00 (2023 - £1,192.00) per each Ordinary share

51,200

59,600