Registered number
08949067
Blenheim Dry Stone Walling Limited
Filleted Accounts
31 March 2024
Blenheim Dry Stone Walling Limited
Registered number: 08949067
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be dry stone walling contractors.
Directors
The following persons served as directors during the year:
Mr P A Woodburn
Mrs S J Woodburn
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 15 November 2024 and signed on its behalf.
Mr P A Woodburn
Director
Blenheim Dry Stone Walling Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Blenheim Dry Stone Walling Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blenheim Dry Stone Walling Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Bunting & Co
Chartered Accountants
Punches Barn
Holton
Oxford
OX33 1PR
15 November 2024
Blenheim Dry Stone Walling Limited
Registered number: 08949067
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,520 59,138
Current assets
Stocks 20,977 3,395
Debtors 4 30,795 41,201
Cash at bank and in hand 2,138 18,592
53,910 63,188
Creditors: amounts falling due within one year 5 (49,266) (61,892)
Net current assets 4,644 1,296
Total assets less current liabilities 42,164 60,434
Creditors: amounts falling due after more than one year 6 (32,630) (49,074)
Provisions for liabilities (9,380) (11,236)
Net assets 154 124
Capital and reserves
Called up share capital 100 100
Profit and loss account 54 24
Shareholders' funds 154 124
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 P A Woodburn
Director
Approved by the board on 15 November 2024
Blenheim Dry Stone Walling 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, machinery and motor vehicles 25% per annum on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 18,354 64,892 83,246
Additions - 4,100 4,100
Disposals - (17,990) (17,990)
At 31 March 2024 18,354 51,002 69,356
Depreciation
At 1 April 2023 8,106 16,002 24,108
Charge for the year 2,562 9,945 12,507
On disposals - (4,779) (4,779)
At 31 March 2024 10,668 21,168 31,836
Net book value
At 31 March 2024 7,686 29,834 37,520
At 31 March 2023 10,248 48,890 59,138
4 Debtors 2024 2023
£ £
Trade debtors 30,795 16,282
Prepayments - 24,919
30,795 41,201
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors loan account (21,385) -
Obligations under finance lease and hire purchase contracts 7,119 6,794
Bank bounce back loan account 10,000 10,000
Trade creditors 6,941 331
Taxation and social security costs 32,021 40,737
Other creditors 14,570 4,030
49,266 61,892
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank bounce back loan account 18,500 27,500
Obligations under finance lease and hire purchase contracts 14,130 21,574
32,630 49,074
7 Other information
Blenheim Dry Stone Walling Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Greenhill Cottages
Station Road
Bletchington
Oxfordshire
OX5 3BQ
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