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REGISTERED NUMBER: 00658004 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 May 2024

for

BLAGDENS MOTOR ENGINEERS (SHEFFIELD) LTD

BLAGDENS MOTOR ENGINEERS (SHEFFIELD) LTD (REGISTERED NUMBER: 00658004)






Contents of the Financial Statements
for the Year Ended 28 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLAGDENS MOTOR ENGINEERS (SHEFFIELD) LTD

Company Information
for the Year Ended 28 May 2024







DIRECTORS: Mrs G Duncombe
M W Blagden Wright





SECRETARY:





REGISTERED OFFICE: Hicks Street
Sheffield
South Yorkshire
S3 8BL





REGISTERED NUMBER: 00658004 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

BLAGDENS MOTOR ENGINEERS (SHEFFIELD) LTD (REGISTERED NUMBER: 00658004)

Balance Sheet
28 May 2024

28/5/24 28/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,412 5,626

CURRENT ASSETS
Stocks 11,025 13,400
Debtors 5 23,996 18,513
Cash at bank and in hand 3,118 3,776
38,139 35,689
CREDITORS
Amounts falling due within one year 6 124,423 122,636
NET CURRENT LIABILITIES (86,284 ) (86,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(81,872

)

(81,321

)

CREDITORS
Amounts falling due after more than one
year

7

64,263

64,263
NET LIABILITIES (146,135 ) (145,584 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (146,235 ) (145,684 )
SHAREHOLDERS' FUNDS (146,135 ) (145,584 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 May 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.

BLAGDENS MOTOR ENGINEERS (SHEFFIELD) LTD (REGISTERED NUMBER: 00658004)

Balance Sheet - continued
28 May 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 24 February 2025 and were signed on its behalf by:





M W Blagden Wright - Director


BLAGDENS MOTOR ENGINEERS (SHEFFIELD) LTD (REGISTERED NUMBER: 00658004)

Notes to the Financial Statements
for the Year Ended 28 May 2024

1. STATUTORY INFORMATION

Blagdens Motor Engineers (Sheffield) 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
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.

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 etc - 20% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

BLAGDENS MOTOR ENGINEERS (SHEFFIELD) LTD (REGISTERED NUMBER: 00658004)

Notes to the Financial Statements - continued
for the Year Ended 28 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 May 2023
and 28 May 2024 22,445 126,762 149,207
DEPRECIATION
At 29 May 2023 20,624 122,957 143,581
Charge for year 454 760 1,214
At 28 May 2024 21,078 123,717 144,795
NET BOOK VALUE
At 28 May 2024 1,367 3,045 4,412
At 28 May 2023 1,821 3,805 5,626

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/5/24 28/5/23
£    £   
Trade debtors 21,642 16,159
Other debtors 2,354 2,354
23,996 18,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/5/24 28/5/23
£    £   
Bank loans and overdrafts 2,513 -
Trade creditors 9,623 5,192
Taxation and social security 1,741 6,159
Other creditors 110,546 111,285
124,423 122,636

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/5/24 28/5/23
£    £   
Trade creditors 64,263 64,263

8. SECURED DEBTS

The following secured debts are included within creditors:

28/5/24 28/5/23
£    £   
Bank overdraft 2,513 -

The bank loan and overdraft facility are secured by a legal mortgage over the land & garages at Hick Street