IRIS Accounts Production v24.3.2.46 SC244319 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2443192023-04-30SC2443192024-04-30SC2443192023-05-012024-04-30SC2443192022-04-30SC2443192022-05-012023-04-30SC2443192023-04-30SC244319ns15:Scotland2023-05-012024-04-30SC244319ns14:PoundSterling2023-05-012024-04-30SC244319ns10:Director12023-05-012024-04-30SC244319ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC244319ns10:SmallEntities2023-05-012024-04-30SC244319ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC244319ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC244319ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC244319ns10:FullAccounts2023-05-012024-04-30SC244319ns10:CompanySecretary12023-05-012024-04-30SC244319ns10:RegisteredOffice2023-05-012024-04-30SC244319ns5:CurrentFinancialInstruments2024-04-30SC244319ns5:CurrentFinancialInstruments2023-04-30SC244319ns5:Non-currentFinancialInstruments2024-04-30SC244319ns5:Non-currentFinancialInstruments2023-04-30SC244319ns5:ShareCapital2024-04-30SC244319ns5:ShareCapital2023-04-30SC244319ns5:RevaluationReserve2024-04-30SC244319ns5:RevaluationReserve2023-04-30SC244319ns5:RetainedEarningsAccumulatedLosses2024-04-30SC244319ns5:RetainedEarningsAccumulatedLosses2023-04-30SC244319ns5:LeaseholdImprovements2023-05-012024-04-30SC244319ns5:PlantMachinery2023-05-012024-04-30SC244319ns5:FurnitureFittings2023-05-012024-04-30SC244319ns5:ComputerEquipment2023-05-012024-04-30SC244319ns5:LandBuildings2023-04-30SC244319ns5:LeaseholdImprovements2023-04-30SC244319ns5:PlantMachinery2023-04-30SC244319ns5:LandBuildings2023-05-012024-04-30SC244319ns5:LandBuildings2024-04-30SC244319ns5:LeaseholdImprovements2024-04-30SC244319ns5:PlantMachinery2024-04-30SC244319ns5:LandBuildings2023-04-30SC244319ns5:LeaseholdImprovements2023-04-30SC244319ns5:PlantMachinery2023-04-30SC244319ns5:FurnitureFittings2023-04-30SC244319ns5:ComputerEquipment2023-04-30SC244319ns5:FurnitureFittings2024-04-30SC244319ns5:ComputerEquipment2024-04-30SC244319ns5:FurnitureFittings2023-04-30SC244319ns5:ComputerEquipment2023-04-30SC244319ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-30SC244319ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30SC244319ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-04-30SC244319ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-04-30SC244319ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-30SC244319ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-30SC244319ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-30SC244319ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-30SC244319ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: SC244319 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Black Isle Bronze Limited

Black Isle Bronze Limited (Registered number: SC244319)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Black Isle Bronze Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: F P Ogilvie-Laing





SECRETARY: Ms C J Gilchrist





REGISTERED OFFICE: Black Isle Bronze Ltd
4a Nairn Business Park
Nairn
Highland
IV12 5QR





REGISTERED NUMBER: SC244319 (Scotland)





ACCOUNTANTS: Michael Finn & Co
Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA

Black Isle Bronze Limited (Registered number: SC244319)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 494,941 639,796

CURRENT ASSETS
Stocks 18,750 18,750
Debtors 5 114,755 94,418
Cash at bank and in hand 75,834 48,522
209,339 161,690
CREDITORS
Amounts falling due within one year 6 98,374 80,849
NET CURRENT ASSETS 110,965 80,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,906

720,637

CREDITORS
Amounts falling due after more than one year 7 (89,872 ) (35,023 )

PROVISIONS FOR LIABILITIES (32,088 ) (59,563 )
NET ASSETS 483,946 626,051

CAPITAL AND RESERVES
Called up share capital 17,500 17,500
Revaluation reserve 8 55,471 55,471
Retained earnings 410,975 553,080
483,946 626,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Black Isle Bronze Limited (Registered number: SC244319)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





F P Ogilvie-Laing - Director


Black Isle Bronze Limited (Registered number: SC244319)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Black Isle Bronze Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

Black Isle Bronze Limited (Registered number: SC244319)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 326,054 43,557 593,532
Additions - - 53,366
Disposals - - (201,085 )
At 30 April 2024 326,054 43,557 445,813
DEPRECIATION
At 1 May 2023 - 15,411 313,777
Charge for year - 2,815 193,214
Eliminated on disposal - - (201,085 )
At 30 April 2024 - 18,226 305,906
NET BOOK VALUE
At 30 April 2024 326,054 25,331 139,907
At 30 April 2023 326,054 28,146 279,755

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 4,564 15,818 983,525
Additions 507 430 54,303
Disposals - (14,583 ) (215,668 )
At 30 April 2024 5,071 1,665 822,160
DEPRECIATION
At 1 May 2023 1,601 12,940 343,729
Charge for year 521 2,608 199,158
Eliminated on disposal - (14,583 ) (215,668 )
At 30 April 2024 2,122 965 327,219
NET BOOK VALUE
At 30 April 2024 2,949 700 494,941
At 30 April 2023 2,963 2,878 639,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 88,498 34,227
Other debtors 10,200 11,400
CIS Suffered - 5,491
Directors' current accounts 7,694 14,789
VAT 6,590 27,174
Prepayments 1,773 1,337
114,755 94,418

Black Isle Bronze Limited (Registered number: SC244319)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 19,321 19,321
Other loans 403 2,415
Hire purchase contracts 15,000 -
Trade creditors 35,309 39,858
Credit cards 9,475 4,173
Social security and other taxes 3,609 -
Pensions payable 2,757 2,882
Other creditors 8,000 8,000
Accrued expenses 4,500 4,200
98,374 80,849

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 14,788 14,788
Bank loans - 2-5 years 62,030 18,028
Bank loans more 5 yr by instal 1,804 1,804
Other loans - 1-2 years - 403
Hire purchase contracts 11,250 -
89,872 35,023

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,804 1,804

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 55,471