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REGISTERED NUMBER: 07150561 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BLYTH EQUIPMENT LTD

BLYTH EQUIPMENT LTD (REGISTERED NUMBER: 07150561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BLYTH EQUIPMENT LTD (REGISTERED NUMBER: 07150561)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 64,916 40,444
64,916 40,444

CURRENT ASSETS
Stocks - 750
Debtors 6 276,030 236,082
Cash at bank and in hand 515,090 324,748
791,120 561,580
CREDITORS
Amounts falling due within one year 7 541,557 331,387
NET CURRENT ASSETS 249,563 230,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,479

270,637

PROVISIONS FOR LIABILITIES 14,984 7,684
NET ASSETS 299,495 262,953

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 299,394 262,852
SHAREHOLDERS' FUNDS 299,495 262,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

BLYTH EQUIPMENT LTD (REGISTERED NUMBER: 07150561)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st December 2024 and were signed by:





Mr R Hornby - Director


BLYTH EQUIPMENT LTD (REGISTERED NUMBER: 07150561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Blyth Equipment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07150561

Registered office: 1 School Lane
Wisbech
Cambridgeshire
PE13 1AW

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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 8 (2023 - 7 ) .

BLYTH EQUIPMENT LTD (REGISTERED NUMBER: 07150561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 21,000
AMORTISATION
At 1st April 2023
and 31st March 2024 21,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 111,112
Additions 43,229
At 31st March 2024 154,341
DEPRECIATION
At 1st April 2023 70,668
Charge for year 18,757
At 31st March 2024 89,425
NET BOOK VALUE
At 31st March 2024 64,916
At 31st March 2023 40,444

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 254,427 210,968
Other debtors 21,603 25,114
276,030 236,082

BLYTH EQUIPMENT LTD (REGISTERED NUMBER: 07150561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 221 -
Payments on account - 72,000
Trade creditors 372,288 177,918
Taxation and social security 66,862 61,716
Other creditors 102,186 19,753
541,557 331,387

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr R Hornby
Balance outstanding at start of year - 5,765
Amounts repaid - (5,765 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loan is unsecured, interest free & repayable on demand.