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REGISTERED NUMBER: SC714324 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

B&L FIXINGS LTD

B&L FIXINGS LTD (REGISTERED NUMBER: SC714324)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B&L FIXINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: B Crangle
Ms L Smith





REGISTERED OFFICE: Unit Q
266 Springhill Parkway
Baillieston
Glasgow
G69 6GA





REGISTERED NUMBER: SC714324 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

B&L FIXINGS LTD (REGISTERED NUMBER: SC714324)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,501 20,001
Tangible assets 5 18,792 93
36,293 20,094

CURRENT ASSETS
Stocks 19,267 19,699
Debtors 6 58,101 59,061
Cash at bank and in hand 173,891 183,716
251,259 262,476
CREDITORS
Amounts falling due within one year 7 94,182 141,709
NET CURRENT ASSETS 157,077 120,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,370

140,861

PROVISIONS FOR LIABILITIES 8 4,698 -
NET ASSETS 188,672 140,861

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 187,672 139,861
SHAREHOLDERS' FUNDS 188,672 140,861

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

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

B&L FIXINGS LTD (REGISTERED NUMBER: SC714324)

BALANCE SHEET - continued
31 DECEMBER 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 14 February 2025 and were signed on its behalf by:





Ms L Smith - Director


B&L FIXINGS LTD (REGISTERED NUMBER: SC714324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

B&L Fixings Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

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.

B&L FIXINGS LTD (REGISTERED NUMBER: SC714324)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 25,002
AMORTISATION
At 1 January 2024 5,001
Charge for year 2,500
At 31 December 2024 7,501
NET BOOK VALUE
At 31 December 2024 17,501
At 31 December 2023 20,001

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 185 1 1,098 1,284
Additions - 24,995 - 24,995
Disposals - (1 ) - (1 )
At 31 December 2024 185 24,995 1,098 26,278
DEPRECIATION
At 1 January 2024 101 - 1,090 1,191
Charge for year 46 6,249 - 6,295
At 31 December 2024 147 6,249 1,090 7,486
NET BOOK VALUE
At 31 December 2024 38 18,746 8 18,792
At 31 December 2023 84 1 8 93

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 51,059 52,338
Prepayments and accrued income 7,042 6,723
58,101 59,061

B&L FIXINGS LTD (REGISTERED NUMBER: SC714324)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans - 21,548
Trade creditors 54,346 57,904
Corporation tax 24,098 28,507
Payroll taxation 791 1,818
Pension fund control 92 368
VAT 9,417 10,214
Directors' current accounts 4,088 20,000
Accrued charges 1,350 1,350
94,182 141,709

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 4,698 -

Deferred
tax
£   
Provided during year 4,698
Balance at 31 December 2024 4,698

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ms L Smith.