Company registration number 01943264 (England and Wales)
P L BLAKE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
P L BLAKE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
P L BLAKE LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,327
29,454
Investments
4
250,000
45,938
275,327
75,392
Current assets
Stocks
1,580,546
786,390
Debtors
5
4,252,397
1,654,868
Cash at bank and in hand
341,229
106,019
6,174,172
2,547,277
Creditors: amounts falling due within one year
6
(5,579,725)
(2,250,326)
Net current assets
594,447
296,951
Total assets less current liabilities
869,774
372,343
Creditors: amounts falling due after more than one year
7
(132,645)
(313,477)
Net assets
737,129
58,866
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
736,129
57,866
Total equity
737,129
58,866
P L BLAKE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
31 August 2024
- 2 -

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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 10 February 2025 and are signed on its behalf by:
Mr D Hawley
Mr S Lee
Director
Director
Company registration number 01943264 (England and Wales)
P L BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information

P L Blake Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9 The Valley Centre, Gordon Road, High Wycombe, Buckinghamshire, HP13 0EQ.

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

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.

 

Revenue from the sale of goods is recognised when the goods are delivered and legal title has passed. Revenue from the provision of services is recognised when those services have been performed.

1.3
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:

Plant and machinery
15% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
Computer equipment
15% on reducing balance

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.

1.4
Impairment of fixed assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered a material impairment loss. If a material impairment loss arises then it is recognised in the profit and loss account or against the revaluation reserve if the asset has been revalued.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

P L BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial instruments, which include debtors and bank balances, are measured at transaction price and subsequently carried at cost less impairment losses for bad and doubtful debts as they are receivable within one year.

Basic financial liabilities

Basic financial liabilities which include creditors are initially recognised at transaction price and are not amortised as they are payable within one year.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.8
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. 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 recognised where material in respect of all timing differences that have originated but not reversed at the balance sheet date.

1.9
Employee benefits

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
31
26
P L BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 and 31 August 2024
84,826
Depreciation and impairment
At 1 September 2023
55,372
Depreciation charged in the year
4,127
At 31 August 2024
59,499
Carrying amount
At 31 August 2024
25,327
At 31 August 2023
29,454
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
250,000
45,938
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 September 2023
45,938
Additions
250,000
At 31 August 2024
295,938
Impairment
At 1 September 2023
-
Impairment losses
45,938
At 31 August 2024
45,938
Carrying amount
At 31 August 2024
250,000
At 31 August 2023
45,938
P L BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,771,171
1,160,242
Other debtors
1,481,226
494,626
4,252,397
1,654,868
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
84,267
1,039,725
Trade creditors
2,601,565
892,565
Corporation tax
275,920
14,553
Other taxation and social security
565,119
191,848
Other creditors
2,052,854
111,635
5,579,725
2,250,326

Bank loans and overdrafts are secured over the assets of the company.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
132,645
216,911
Taxation and social security
-
0
96,566
132,645
313,477

 

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