Company Registration No. 13358600 (England and Wales)
SALES GEEK BLACKBURN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024
30 April 2024
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
SALES GEEK BLACKBURN LTD
COMPANY INFORMATION
Directors
Mr D J Neill
Ms J W Muir
Mr J R Podevyn
Company number
13358600
Registered office
10 Lyndale Close
Wilpshire
Blackburn
Lancashire
BB1 9LX
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
SALES GEEK BLACKBURN LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SALES GEEK BLACKBURN LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
28,000
32,000
Tangible assets
4
791
1,642
28,791
33,642
Current assets
Debtors
5
102,736
79,077
Cash at bank and in hand
94
2,183
102,830
81,260
Creditors: amounts falling due within one year
6
(99,652)
(82,981)
Net current assets/(liabilities)
3,178
(1,721)
Total assets less current liabilities
31,969
31,921
Provisions for liabilities
(198)
(338)
Net assets
31,771
31,583
Capital and reserves
Called up share capital
125
125
Share premium account
29,975
29,975
Profit and loss reserves
1,671
1,483
Total equity
31,771
31,583

The notes on pages 3 to 6 form part of these financial statements.

SALES GEEK BLACKBURN LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 January 2025 and are signed on its behalf by:
Mr D J Neill
Director
Company registration number 13358600 (England and Wales)
SALES GEEK BLACKBURN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Sales Geek Blackburn Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Lyndale Close, Wilpshire, Blackburn, Lancashire, BB1 9LX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Franchise fee
10% on cost
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

SALES GEEK BLACKBURN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons employed by the company during the year was:

2024
2023
Number
Number
Total
2
1
SALES GEEK BLACKBURN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
3
Intangible fixed assets
Franchise fee
£
Cost
At 1 May 2023 and 30 April 2024
40,000
Amortisation and impairment
At 1 May 2023
8,000
Amortisation charged for the year
4,000
At 30 April 2024
12,000
Carrying amount
At 30 April 2024
28,000
At 30 April 2023
32,000
4
Tangible fixed assets
Equipment
£
Cost
At 1 May 2023 and 30 April 2024
2,554
Depreciation and impairment
At 1 May 2023
912
Depreciation charged in the year
851
At 30 April 2024
1,763
Carrying amount
At 30 April 2024
791
At 30 April 2023
1,642
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
12,110
10,397
Other debtors
90,626
68,680
102,736
79,077
SALES GEEK BLACKBURN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
56,974
38,445
Other creditors
42,678
44,536
99,652
82,981
7
Operating lease commitments
Lessee

At the reporting end date the company had operating lease commitments of £20,542 (2023 - £32,271).

8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loan
2.25
(31)
80,131
998
(57,203)
23,895
(31)
80,131
998
(57,203)
23,895
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