Company Registration No. SC566994 (Scotland)
Blackhall & Powis Ltd
Unaudited accounts
for the year ended 31 May 2024
Blackhall & Powis Ltd
Unaudited accounts
Contents
Blackhall & Powis Ltd
Company Information
for the year ended 31 May 2024
Directors
Catriona Anne Maclachlan
John Albert Mitchell Hillis
Christopher Emmott- Mangnall
Peter O’connell
Philip Mellor
Company Number
SC566994 (Scotland)
Registered Office
C/O Clarity Accounting (Scotland) Ltd
20-23 Woodside Place
Glasgow
G3 7QL
Scotland
Accountants
Clarity Accounting (Scotland) Ltd
20 - 23 Woodside Place
Glasgow
G3 7QL
Blackhall & Powis Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
46,282
29,176
Inventories
133,982
113,036
Debtors
1,881,773
1,077,891
Cash at bank and in hand
1,049,780
217,831
Creditors: amounts falling due within one year
(1,561,373)
(884,369)
Net current assets
1,504,162
524,389
Total assets less current liabilities
1,550,447
556,905
Creditors: amounts falling due after more than one year
(1,093,717)
(225,579)
Provisions for liabilities
Deferred tax
(11,571)
(5,544)
Net assets
445,159
325,782
Called up share capital
100
100
Profit and loss account
445,059
325,682
Shareholders' funds
445,159
325,782
For the 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. 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 8 November 2024 and were signed on its behalf by
John Albert Mitchell Hillis
Director
Company Registration No. SC566994
Blackhall & Powis Ltd
Notes to the Accounts
for the year ended 31 May 2024
Blackhall & Powis Ltd is a private company, limited by shares, registered in Scotland, registration number SC566994. The registered office is C/O Clarity Accounting (Scotland) Ltd, 20-23 Woodside Place, Glasgow, G3 7QL, Scotland.
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.
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.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small
Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Blackhall & Powis Ltd
Notes to the Accounts
for the year ended 31 May 2024
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
11,200
21,786
23,579
56,565
Additions
-
-
27,696
27,696
At 31 May 2024
11,200
21,786
51,275
84,261
At 1 June 2023
3,343
11,414
12,632
27,389
Charge for the year
1,964
2,628
5,998
10,590
At 31 May 2024
5,307
14,042
18,630
37,979
At 31 May 2024
5,893
7,744
32,645
46,282
At 31 May 2023
7,857
10,372
10,947
29,176
5
Investments
Other investments
Valuation at 1 June 2023
3,340
Valuation at 31 May 2024
3
Amounts falling due within one year
Trade debtors
1,725,233
1,054,970
Amounts due from group undertakings etc.
89,672
-
Accrued income and prepayments
20,519
17,088
Other debtors
46,349
5,833
Blackhall & Powis Ltd
Notes to the Accounts
for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
165,068
74,308
Trade creditors
199,986
290,055
Amounts owed to group undertakings and other participating interests
-
1,909
Taxes and social security
149,467
74,905
Other creditors
652,537
194,155
Loans from directors
-
331
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
229,138
225,579
9
Average number of employees
During the year the average number of employees was 42 (2023: 34).