Blandford Welding and Fabrication Limited 14746475 false 2023-03-21 2024-05-31 2024-05-31 The principal activity of the company is metalwork fabrication. Digita Accounts Production Advanced 6.30.9574.0 true true 14746475 2023-03-21 2024-05-31 14746475 2024-05-31 14746475 core:RetainedEarningsAccumulatedLosses 2024-05-31 14746475 core:ShareCapital 2024-05-31 14746475 core:CurrentFinancialInstruments 2024-05-31 14746475 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14746475 core:MotorVehicles 2024-05-31 14746475 core:OtherPropertyPlantEquipment 2024-05-31 14746475 bus:SmallEntities 2023-03-21 2024-05-31 14746475 bus:AuditExemptWithAccountantsReport 2023-03-21 2024-05-31 14746475 bus:FullAccounts 2023-03-21 2024-05-31 14746475 bus:SmallCompaniesRegimeForAccounts 2023-03-21 2024-05-31 14746475 bus:RegisteredOffice 2023-03-21 2024-05-31 14746475 bus:Director1 2023-03-21 2024-05-31 14746475 bus:Director2 2023-03-21 2024-05-31 14746475 bus:PrivateLimitedCompanyLtd 2023-03-21 2024-05-31 14746475 core:MotorVehicles 2023-03-21 2024-05-31 14746475 core:OtherPropertyPlantEquipment 2023-03-21 2024-05-31 14746475 core:PlantMachinery 2023-03-21 2024-05-31 14746475 countries:EnglandWales 2023-03-21 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14746475

Blandford Welding and Fabrication Limited

Filleted Unaudited Financial Statements

for the Period from 21 March 2023 to 31 May 2024

 

Blandford Welding and Fabrication Limited
(Registration number: 14746475)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Blandford Welding and Fabrication Limited
(Registration number: 14746475)

Company Information

Directors

Mr Kelvin Dormer-Woolley

Mr Jeffrey Dormer-Woolley

Registered office

28 Alexandra Terrace
Exmouth
England
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Blandford Welding and Fabrication Limited
(Registration number: 14746475)

Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

18,900

Current assets

 

Stocks

5

10,000

Debtors

6

141,537

Cash at bank and in hand

 

4,414

 

155,951

Creditors: Amounts falling due within one year

7

(270,966)

Net current liabilities

 

(115,015)

Net liabilities

 

(96,115)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(96,215)

Total equity

 

(96,115)

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Blandford Welding and Fabrication Limited
(Registration number: 14746475)

Balance Sheet as at 31 May 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 March 2025 and signed on its behalf by:
 

.........................................
Mr Jeffrey Dormer-Woolley
Director

 

Blandford Welding and Fabrication Limited
(Registration number: 14746475)

Notes to the Unaudited Financial Statements for the Period from 21 March 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
England
EX8 1BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have acknowledged the negative reserves position at the balance sheet date and have assessed the financial position of the company. They are confident that the business will continue to trade and meet its obligations over the next 12 months.

Revenue recognition

Turnover comprises the fair value of the 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 sales/value added tax, returns, rebates and discounts.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Blandford Welding and Fabrication Limited
(Registration number: 14746475)

Notes to the Unaudited Financial Statements for the Period from 21 March 2023 to 31 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line basis

Motor vehicles

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Blandford Welding and Fabrication Limited
(Registration number: 14746475)

Notes to the Unaudited Financial Statements for the Period from 21 March 2023 to 31 May 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 12.

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

4,925

24,000

28,925

Disposals

(4,425)

-

(4,425)

At 31 May 2024

500

24,000

24,500

Depreciation

Charge for the period

-

5,600

5,600

At 31 May 2024

-

5,600

5,600

Carrying amount

At 31 May 2024

500

18,400

18,900

5

Stocks

2024
£

Other stocks

10,000

 

Blandford Welding and Fabrication Limited
(Registration number: 14746475)

Notes to the Unaudited Financial Statements for the Period from 21 March 2023 to 31 May 2024

6

Debtors

2024
£

Trade debtors

136,398

Prepayments and accrued income

5,139

Total current trade and other debtors

141,537

7

Creditors

2024
£

Due within one year

Trade creditors

106,306

Taxation and social security

120,811

Other creditors

40,222

Accrued expenses

3,627

270,966