Registered number
08682487
BLP Contracts Limited
Filleted Accounts
31 August 2024
BLP Contracts Limited
Registered number: 08682487
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 145,585 163,977
Current assets
Stocks 2,580 2,580
Debtors 5 72,415 65,082
Cash at bank and in hand 32,267 41,773
107,262 109,435
Creditors: amounts falling due within one year 6 (273,845) (309,405)
Net current liabilities (166,583) (199,970)
Total assets less current liabilities (20,998) (35,993)
Creditors: amounts falling due after more than one year 7 (28,571) (34,101)
Net liabilities (49,569) (70,094)
Capital and reserves
Called up share capital 100 100
Profit and loss account (49,669) (70,194)
Shareholders' funds (49,569) (70,094)
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.
Peter Jack Symons
Director
Approved by the board on 4 March 2025
BLP Contracts Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Long-term leasehold property over the lease term
Equipment, fixtures and fittings 20% reducing balance
Property integral features over the lease term
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. 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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Franchise fees:
Cost
At 1 September 2023 25,000
At 31 August 2024 25,000
Amortisation
At 1 September 2023 25,000
At 31 August 2024 25,000
Net book value
At 31 August 2024 -
4 Tangible fixed assets
Integral features Long-term leasehold property Eqipment, fixtures and fittings Total
£ £ £ £
Cost
At 1 September 2023 76,114 236,193 83,365 395,672
Additions - - 8,024 8,024
At 31 August 2024 76,114 236,193 91,389 403,696
Depreciation
At 1 September 2023 42,202 122,873 66,620 231,695
Charge for the year 5,252 17,537 3,627 26,416
At 31 August 2024 47,454 140,410 70,247 258,111
Net book value
At 31 August 2024 28,660 95,783 21,142 145,585
At 31 August 2023 33,912 113,320 16,745 163,977
5 Debtors 2024 2023
£ £
Other debtors 72,415 65,082
6 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals and deferred income 26,926 60,113
Bank loans and overdrafts 6,612 6,612
Taxation and social security costs 14,437 10,036
Other creditors 225,870 232,644
273,845 309,405
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,571 34,101
8 Other information
BLP Contracts Limited is a private company limited by shares and incorporated in England. Its registered office is:
37 Meadowlands
West Clandon
Guildford
GU4 7TA
BLP Contracts Limited 08682487 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Peter Jack Symons No description of principal activity 08682487 2022-09-01 2023-08-31 08682487 core:WithinOneYear 2023-08-31 08682487 core:AfterOneYear 2023-08-31 08682487 core:ShareCapital 2023-08-31 08682487 core:RetainedEarningsAccumulatedLosses 2023-08-31 08682487 2023-09-01 2024-08-31 08682487 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08682487 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08682487 bus:Director40 2023-09-01 2024-08-31 08682487 1 2023-09-01 2024-08-31 08682487 2 2023-09-01 2024-08-31 08682487 core:LandBuildings 2023-09-01 2024-08-31 08682487 core:PlantMachinery 2023-09-01 2024-08-31 08682487 core:Vehicles 2023-09-01 2024-08-31 08682487 countries:England 2023-09-01 2024-08-31 08682487 bus:FRS102 2023-09-01 2024-08-31 08682487 bus:FilletedAccounts 2023-09-01 2024-08-31 08682487 2024-08-31 08682487 core:WithinOneYear 2024-08-31 08682487 core:AfterOneYear 2024-08-31 08682487 core:ShareCapital 2024-08-31 08682487 core:RetainedEarningsAccumulatedLosses 2024-08-31 08682487 core:Goodwill 2024-08-31 08682487 core:LandBuildings 2024-08-31 08682487 core:PlantMachinery 2024-08-31 08682487 core:Vehicles 2024-08-31 08682487 2023-08-31 08682487 core:Goodwill 2023-08-31 08682487 core:LandBuildings 2023-08-31 08682487 core:PlantMachinery 2023-08-31 08682487 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure