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Registration number: 06778791

Blackfoot (UK) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Blackfoot (UK) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Blackfoot (UK) Limited

Company Information

Directors

MB Tyler

JM Walker

Company secretary

MJ Robinson

Registered office

Maria House
35 Millers Road
Brighton
BN1 5NP

Accountants

Chisnall Comer Ismail & Co
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP

 

Blackfoot (UK) Limited

(Registration number: 06778791)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

65,700

-

Tangible assets

6

85,138

114,111

 

150,838

114,111

Current assets

 

Debtors

7

929,899

534,798

Cash at bank and in hand

 

1,027,928

1,241,045

 

1,957,827

1,775,843

Creditors: Amounts falling due within one year

8

(1,509,735)

(910,486)

Net current assets

 

448,092

865,357

Total assets less current liabilities

 

598,930

979,468

Provisions for liabilities

(21,284)

(21,682)

Net assets

 

577,646

957,786

Capital and reserves

 

Called up share capital

11

500

500

Retained earnings

577,146

957,286

Shareholders' funds

 

577,646

957,786

For the financial year ending 31 March 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.

 

Blackfoot (UK) Limited

(Registration number: 06778791)
Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:



 

.........................................

MB Tyler

Director

 

Blackfoot (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Maria House
35 Millers Road
Brighton
BN1 5NP

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Blackfoot (UK) Limited

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

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

Fixtures and fittings

25% on reducing balance

Computer equipment

33% on cost

Motor Vehicles

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Written off over 10 years

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2023 - 21).

4

Taxation charge

 

Blackfoot (UK) Limited

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

The tax for the period is attributable to:

2024
£

2023
£

Current Tax

UK corporation tax

199,141

51,087

UK corporation tax adjustment to prior periods

-

(3,897)

Total current tax charge

199,141

47,190

Deferred Tax

Arising from origination and reversal of timing differences

(397)

(4,129)

Total deferred tax charge

(397)

(4,129)

Total tax charge for period

198,744

43,061

 

Blackfoot (UK) Limited

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

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

73,000

73,000

At 31 March 2024

73,000

73,000

Amortisation

Amortisation charge

7,300

7,300

At 31 March 2024

7,300

7,300

Carrying amount

At 31 March 2024

65,700

65,700

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

95,001

137,768

232,769

Additions

10,878

-

10,878

At 31 March 2024

105,879

137,768

243,647

Depreciation

At 1 April 2023

77,513

41,145

118,658

Charge for the year

15,695

24,156

39,851

At 31 March 2024

93,208

65,301

158,509

Carrying amount

At 31 March 2024

12,671

72,467

85,138

At 31 March 2023

17,488

96,623

114,111

7

Debtors

Current

2024
£

2023
£

Trade debtors

887,457

524,758

Prepayments

41,198

8,796

Other debtors

1,244

1,244

 

929,899

534,798

 

Blackfoot (UK) Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

15,304

38,743

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

9,897

18,984

Taxation and social security

 

433,083

231,874

Accruals and deferred income

 

1,049,474

617,176

Other creditors

 

1,977

3,709

 

1,509,735

910,486

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £6,059.77 (2023 - £444.00) per each Ordinary

1,211,953

222,000

 

 

10

Related party transactions

Summary of transactions with parent

Blackfoot (Holdings) Limited
Parent company

 

Loans from related parties

2024

Parent
£

Total
£

At start of period

18,983

18,983

Advanced

754,934

754,934

Repaid

(772,421)

(772,421)

At end of period

1,496

1,496

2023

Parent
£

Total
£

At start of period

18,635

18,635

Advanced

220,000

220,000

Repaid

(219,652)

(219,652)

At end of period

18,983

18,983

 

Blackfoot (UK) Limited

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

11

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

A Ordinary of £1 each

300

300

300

300

500

500

500

500