Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr A C Acaster 15/08/2011 Mrs M Acaster 14/10/2024 01/01/2015 18 March 2025 The principal activity of the Company during the financial year was the manufacture and sale of low carbon heating systems. 07740383 2024-07-31 07740383 bus:Director1 2024-07-31 07740383 bus:Director2 2024-07-31 07740383 2023-07-31 07740383 core:CurrentFinancialInstruments 2024-07-31 07740383 core:CurrentFinancialInstruments 2023-07-31 07740383 core:ShareCapital 2024-07-31 07740383 core:ShareCapital 2023-07-31 07740383 core:CapitalRedemptionReserve 2024-07-31 07740383 core:CapitalRedemptionReserve 2023-07-31 07740383 core:RetainedEarningsAccumulatedLosses 2024-07-31 07740383 core:RetainedEarningsAccumulatedLosses 2023-07-31 07740383 core:PlantMachinery 2023-07-31 07740383 core:Vehicles 2023-07-31 07740383 core:PlantMachinery 2024-07-31 07740383 core:Vehicles 2024-07-31 07740383 bus:OrdinaryShareClass1 2024-07-31 07740383 2023-08-01 2024-07-31 07740383 bus:FilletedAccounts 2023-08-01 2024-07-31 07740383 bus:SmallEntities 2023-08-01 2024-07-31 07740383 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07740383 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07740383 bus:Director1 2023-08-01 2024-07-31 07740383 bus:Director2 2023-08-01 2024-07-31 07740383 core:PlantMachinery 2023-08-01 2024-07-31 07740383 core:Vehicles 2023-08-01 2024-07-31 07740383 2022-08-01 2023-07-31 07740383 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 07740383 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07740383 (England and Wales)

BLADES LOW CARBON SYSTEMS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

BLADES LOW CARBON SYSTEMS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

BLADES LOW CARBON SYSTEMS LIMITED

BALANCE SHEET

As at 31 July 2024
BLADES LOW CARBON SYSTEMS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,413 2,755
2,413 2,755
Current assets
Stocks 24,000 24,000
Debtors 4 0 11,559
Cash at bank and in hand 16,294 21,559
40,294 57,118
Creditors: amounts falling due within one year 5 ( 36,503) ( 63,274)
Net current assets/(liabilities) 3,791 (6,156)
Total assets less current liabilities 6,204 (3,401)
Provision for liabilities 960 3,434
Net assets 7,164 33
Capital and reserves
Called-up share capital 6 93 93
Capital redemption reserve 7 7
Profit and loss account 7,064 ( 67 )
Total shareholders' funds 7,164 33

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Blades Low Carbon Systems Limited (registered number: 07740383) were approved and authorised for issue by the Director on 18 March 2025. They were signed on its behalf by:

Mr A C Acaster
Director
BLADES LOW CARBON SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
BLADES LOW CARBON SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blades Low Carbon Systems Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Philip Close, Plymouth, PL9 8QZ, United Kingdom. The principal place of business is Unit 39g Fennel Business Park, Pennygillam Way, Launceston PL15 7ED.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
is it probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 10 % reducing balance
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 August 2023 6,892 9,100 15,992
At 31 July 2024 6,892 9,100 15,992
Accumulated depreciation
At 01 August 2023 4,801 8,436 13,237
Charge for the financial year 209 133 342
At 31 July 2024 5,010 8,569 13,579
Net book value
At 31 July 2024 1,882 531 2,413
At 31 July 2023 2,091 664 2,755

4. Debtors

2024 2023
£ £
Trade debtors 0 10,584
Corporation tax 0 975
0 11,559

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 5,488 14,348
Other taxation and social security 2,618 2,616
Other creditors 28,397 46,310
36,503 63,274

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
93 Ordinary shares of £ 1.00 each 93 93