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Company Registration No. 11189154 (England and Wales)
Blacksmith Store London Ltd Unaudited accounts for the year ended 29 February 2024
Blacksmith Store London Ltd Unaudited accounts Contents
Page
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Blacksmith Store London Ltd Company Information for the year ended 29 February 2024
Directors
Thomas Chudley Charlotte Chudley
Company Number
11189154 (England and Wales)
Registered Office
Blacksmith Store The Woodyard High Street Naseby Northampton NN6 6DD England
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Blacksmith Store London Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,811 
- 
Tangible assets
82,276 
9,847 
87,087 
9,847 
Current assets
Inventories
183,654 
222,349 
Debtors
241,353 
47,096 
Cash at bank and in hand
697,493 
340,394 
1,122,500 
609,839 
Creditors: amounts falling due within one year
(305,394)
(160,275)
Net current assets
817,106 
449,564 
Total assets less current liabilities
904,193 
459,411 
Creditors: amounts falling due after more than one year
(92,166)
(86,761)
Net assets
812,027 
372,650 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
812,026 
372,649 
Shareholders' funds
812,027 
372,650 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2024 and were signed on its behalf by
Thomas Chudley Director Company Registration No. 11189154
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Blacksmith Store London Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Blacksmith Store London Ltd is a private company, limited by shares, registered in England and Wales, registration number 11189154. The registered office is Blacksmith Store The Woodyard, High Street, Naseby, Northampton, NN6 6DD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
- 
Additions
5,206 
At 29 February 2024
5,206 
Amortisation
At 1 March 2023
- 
Charge for the year
395 
At 29 February 2024
395 
Net book value
At 29 February 2024
4,811 
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Blacksmith Store London Ltd Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
- 
8,451 
5,549 
14,000 
Additions
63,476 
9,853 
4,777 
78,106 
At 29 February 2024
63,476 
18,304 
10,326 
92,106 
Depreciation
At 1 March 2023
- 
2,777 
1,376 
4,153 
Charge for the year
2,079 
2,299 
1,299 
5,677 
At 29 February 2024
2,079 
5,076 
2,675 
9,830 
Net book value
At 29 February 2024
61,397 
13,228 
7,651 
82,276 
At 28 February 2023
- 
5,674 
4,173 
9,847 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
14,822 
Trade debtors
192,143 
31,325 
Accrued income and prepayments
11,872 
949 
Other debtors
37,338 
- 
241,353 
47,096 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
33,137 
33,137 
VAT
42,584 
- 
Obligations under finance leases and hire purchase contracts
9,380 
- 
Trade creditors
14,565 
6,718 
Taxes and social security
203,778 
85,143 
Loans from directors
- 
33,327 
Accruals
1,950 
1,950 
305,394 
160,275 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
54,256 
86,761 
Obligations under finance leases and hire purchase contracts
37,910 
- 
92,166 
86,761 
9
Average number of employees
During the year the average number of employees was 9 (2023: 2).
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