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REGISTERED NUMBER: 04411430 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BLACKSTAR HANDLING SYSTEMS LTD

BLACKSTAR HANDLING SYSTEMS LTD (REGISTERED NUMBER: 04411430)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BLACKSTAR HANDLING SYSTEMS LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: I F Pegler
R Pegler





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB





REGISTERED NUMBER: 04411430 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

BLACKSTAR HANDLING SYSTEMS LTD (REGISTERED NUMBER: 04411430)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,796 96,238
85,796 96,238

CURRENT ASSETS
Stocks 6 90,862 68,734
Debtors 7 518,893 449,343
Cash at bank and in hand 23,193 201,354
632,948 719,431
CREDITORS
Amounts falling due within one year 8 411,345 477,266
NET CURRENT ASSETS 221,603 242,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,399

338,403

CREDITORS
Amounts falling due after more than one
year

9

23,177

39,102
NET ASSETS 284,222 299,301

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 284,122 299,201
SHAREHOLDERS' FUNDS 284,222 299,301

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 directors acknowledge their 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.

BLACKSTAR HANDLING SYSTEMS LTD (REGISTERED NUMBER: 04411430)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





I F Pegler - Director


BLACKSTAR HANDLING SYSTEMS LTD (REGISTERED NUMBER: 04411430)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Blackstar Handling Systems Ltd is a private company, limited by shares , registered in England and Wales. 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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease term, whichever is the shorter.

Fixtures and fittings-20% on cost
Plant and machinery-20% on reducing balance
Motor vehicles-25% on reducing balance

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

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BLACKSTAR HANDLING SYSTEMS LTD (REGISTERED NUMBER: 04411430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 5,002
AMORTISATION
At 1 May 2023
and 30 April 2024 5,002
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

BLACKSTAR HANDLING SYSTEMS LTD (REGISTERED NUMBER: 04411430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 305,066
Additions 14,335
Disposals (424 )
At 30 April 2024 318,977
DEPRECIATION
At 1 May 2023 208,828
Charge for year 24,353
At 30 April 2024 233,181
NET BOOK VALUE
At 30 April 2024 85,796
At 30 April 2023 96,238


6. STOCKS
2024 2023
£    £   
Stocks 90,862 68,734

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 321,660 165,959
Tax 89,257 229
Prepayments 45,888 26,925
Accrued income 62,088 256,230
518,893 449,343

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 33,785
Hire purchase contracts 5,925 5,925
Trade creditors 131,339 180,751
Amounts owed to associates 53,681 11,243
Tax 88,746 -
Social security and other taxes 35,219 46,419
Directors' current accounts 807 970
Deferred income/payments in advance 75,700 178,161
Accrued expenses 9,928 20,012
411,345 477,266

BLACKSTAR HANDLING SYSTEMS LTD (REGISTERED NUMBER: 04411430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833
Hire purchase contracts 12,344 18,269
23,177 39,102

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 23,785
Hire purchase contracts 18,269 24,194
18,269 47,979

Hire purchase contracts are secured on the asset concerned.

11. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total lease commitments at the year end of £375,600 (2023 - £452,550)

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have given personal guarantees in relation to bank facilities with Santander of £50,000.