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Company registration number: 11430592
A Blanco Limited
Unaudited filleted financial statements
31 July 2024
A Blanco Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
A Blanco Limited
Directors and other information
Directors A Blanco
K Blanco
Company number 11430592
Registered office 264 Sandycombe Road
Richmond
Surrey
TW9 3NP
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
A Blanco Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of A Blanco Limited
Year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A Blanco Limited for the year ended 31 July 2024 which comprise the statement of financial position and 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of A Blanco Limited, as a body, in accordance with the terms of our engagement letter dated 7 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of A Blanco Limited and state those matters that we have agreed to state to the board of directors of A Blanco Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Blanco Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that A Blanco Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A Blanco Limited. You consider that A Blanco Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of A Blanco Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
28 January 2025
A Blanco Limited
Statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 2,230 4,945
_______ _______
2,230 4,945
Current assets
Debtors 6 53,445 34,363
Cash at bank and in hand 50 1,056
_______ _______
53,495 35,419
Creditors: amounts falling due
within one year 7 ( 17,517) ( 17,354)
_______ _______
Net current assets 35,978 18,065
_______ _______
Total assets less current liabilities 38,208 23,010
Creditors: amounts falling due
after more than one year 8 ( 37,630) ( 18,961)
Provisions for liabilities ( 430) ( 950)
_______ _______
Net assets 148 3,099
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 48 2,999
_______ _______
Shareholders funds 148 3,099
_______ _______
For the year ending 31 July 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
A Blanco
Director
Company registration number: 11430592
A Blanco Limited
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 264 Sandycombe Road, Richmond, Surrey, TW9 3NP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - Straight line over 3 years
Computer equipment - Straight line over 3 years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Computer equipment Total
£ £ £
Cost
At 1 August 2023 and 31 July 2024 2,315 9,164 11,479
_______ _______ _______
Depreciation
At 1 August 2023 981 5,553 6,534
Charge for the year 640 2,075 2,715
_______ _______ _______
At 31 July 2024 1,621 7,628 9,249
_______ _______ _______
Carrying amount
At 31 July 2024 694 1,536 2,230
_______ _______ _______
At 31 July 2023 1,334 3,611 4,945
_______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 53,445 34,363
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 6,096 2,983
Trade creditors 3,835 416
Corporation tax 5,940 11,742
Social security and other taxes 427 1,098
Other creditors 1,219 1,115
_______ _______
17,517 17,354
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 37,630 18,961
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
A Blanco 4,360 - ( 4,554) ( 194)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
A Blanco ( 1,049) 5,409 - 4,360
_______ _______ _______ _______
10. Related party transactions
The company has provided financial support to 264 Sandycombe Road Ltd, a company of which Anthony Blanco and Kristin Blanco are directors and shareholders. The balance due from 264 Sandycombe Road Ltd as at 31 July 2024 was £49,500 (31 July 2023 - £30,000).In the year ended 31 July 2024 A Blanco Ltd paid rent of £16,200 (31 July 2023 - £13,500) to 264 Sandycombe Road Ltd.