Blaknblu Limited
Registered number: 04658506
Balance Sheet
at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 45,090 62,757
Current assets
Stocks 1,830 -
Debtors 4 1,390 2,460
Cash at bank and in hand 4,777 5,294
7,997 7,754
Creditors: amounts falling due within one year 5 (38,821) (17,231)
Net current liabilities (30,824) (9,477)
Total assets less current liabilities 14,266 53,280
Creditors: amounts falling due after more than one year 6 (13,733) (22,378)
Provisions for liabilities (7,000) (12,000)
Net (liabilities)/assets (6,467) 18,902
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,468) 18,901
Shareholders' funds (6,467) 18,902
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Adam Jarvis Garstone
Director
Approved by the board on 4 March 2025
Blaknblu Limited
Notes to the Financial Statements
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.
Land and buildings 25% per year
Electric motor vehicles 20% per year
Office equipment 25% per year
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only 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. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Office equipment Electric motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 5,867 76,764 59,490 142,121
Additions - 2,312 - 2,312
At 31 July 2024 5,867 79,076 59,490 144,433
Depreciation
At 1 August 2023 2,933 68,498 7,933 79,364
Charge for the year - 8,081 11,898 19,979
At 31 July 2024 2,933 76,579 19,831 99,343
Net book value
At 31 July 2024 2,934 2,497 39,659 45,090
At 31 July 2023 2,934 8,266 51,557 62,757
4 Debtors 2024 2023
£ £
Trade debtors - 2,460
Corporation tax 1,390 -
1,390 2,460
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,645 8,256
Taxation and social security costs 872 2,038
Other creditors 28,204 5,867
Accruals and deferred income 1,100 1,070
38,821 17,231
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 13,733 22,378
7 Other information
Blaknblu Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 High Street
Waterbeach
Cambridgeshire
CB25 9JU
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