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Registered number: 9992593
Blakemor Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Collins & Collins Ltd
Honeycombe House
167-169 High Road
Loughton
Essex
IG10 4LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9992593
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,053 4,001
3,053 4,001
CURRENT ASSETS
Cash at bank and in hand 33,870 45,246
33,870 45,246
Creditors: Amounts Falling Due Within One Year 5 (34,411 ) (46,370 )
NET CURRENT ASSETS (LIABILITIES) (541 ) (1,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,512 2,877
NET ASSETS 2,512 2,877
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 2,412 2,777
SHAREHOLDERS' FUNDS 2,512 2,877
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Perry Placey
Director
22/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Blakemor Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9992593 . The registered office is 31 Grange Court, Upper Park, Loughton, Essex, IG10 4QY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 1,624 11,000 12,624
As at 29 February 2024 1,624 11,000 12,624
Depreciation
As at 1 March 2023 1,103 7,520 8,623
Provided during the period 78 870 948
As at 29 February 2024 1,181 8,390 9,571
Net Book Value
As at 29 February 2024 443 2,610 3,053
As at 1 March 2023 521 3,480 4,001
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 23,333 33,333
Corporation tax 7,634 9,220
Other taxes and social security 516 540
Accruals and deferred income 960 1,920
Director's loan account 1,968 1,356
34,411 46,370
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Dividends paid to directors
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8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 32,000 36,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Perry Placey Esq by virtue of his ownership of 100% of the issued share capital in the company.
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