1 August 2023 false Taxfiler 2024.6 04231144business:PrivateLimitedCompanyLtd2023-08-012024-07-31 042311442023-07-31 042311442023-08-012024-07-31 04231144business:AuditExemptWithAccountantsReport2023-08-012024-07-31 04231144business:FilletedAccounts2023-08-012024-07-31 042311442024-07-31 04231144business:Director12023-08-012024-07-31 04231144business:Director22023-08-012024-07-31 04231144business:CompanySecretary12023-08-012024-07-31 04231144business:RegisteredOffice2023-08-012024-07-31 042311442023-07-31 04231144core:WithinOneYear2024-07-31 04231144core:WithinOneYear2023-07-31 04231144core:AfterOneYear2024-07-31 04231144core:AfterOneYear2023-07-31 04231144core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 04231144core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 04231144core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 04231144core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 04231144core:PreviouslyStatedAmount2024-07-31 04231144core:PreviouslyStatedAmount2023-07-31 04231144business:SmallEntities2023-08-012024-07-31 04231144countries:EnglandWales2023-08-012024-07-31 04231144core:PlantMachinery2023-08-012024-07-31 04231144core:ComputerEquipment2023-08-012024-07-31 04231144core:Goodwill2023-07-31 04231144core:Goodwill2024-07-31 04231144core:PlantMachinery2023-07-31 04231144core:PlantMachinery2024-07-31 04231144core:AfterOneYear2023-08-012024-07-31 04231144core:AcceleratedTaxDepreciationDeferredTax2024-07-31 04231144core:AcceleratedTaxDepreciationDeferredTax2023-07-31 042311442022-07-31 042311442022-08-012023-07-31 04231144core:BetweenOneFiveYears2024-07-31 04231144core:BetweenOneFiveYears2023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 04231144 (England and Wales)
Blink Image Limited Unaudited accounts for the year ended 31 July 2024
Blink Image Limited Unaudited accounts Contents
Page
- 2 -
Blink Image Limited Company Information for the year ended 31 July 2024
Directors
Mr D.A. Beinart Mr R.W. Birket
Secretary
Mr D.A. Beinart
Company Number
04231144 (England and Wales)
Registered Office
19 Eastbourne Terrace London W2 6LG England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
- 3 -
Blink Image Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,017 
29,617 
Current assets
Inventories
15,600 
24,100 
Debtors
69,257 
127,133 
Cash at bank and in hand
80,922 
164,928 
165,779 
316,161 
Creditors: amounts falling due within one year
(91,979)
(112,851)
Net current assets
73,800 
203,310 
Total assets less current liabilities
95,817 
232,927 
Creditors: amounts falling due after more than one year
(8,773)
(19,064)
Provisions for liabilities
Deferred tax
(5,166)
(6,992)
Net assets
81,878 
206,871 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
81,778 
206,771 
Shareholders' funds
81,878 
206,871 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by
Mr R.W. Birket Director Company Registration No. 04231144
- 4 -
Blink Image Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Blink Image Limited is a private company, limited by shares, registered in England and Wales, registration number 04231144. The registered office is 19 Eastbourne Terrace, London, W2 6LG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line basis
Computer equipment
25% Straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
- 5 -
Blink Image Limited Notes to the Accounts for the year ended 31 July 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
15,000 
At 31 July 2024
15,000 
Amortisation
At 1 August 2023
15,000 
At 31 July 2024
15,000 
Net book value
At 31 July 2024
- 
- 6 -
Blink Image Limited Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
65,129 
Additions
9,367 
Disposals
(6,412)
At 31 July 2024
68,084 
Depreciation
At 1 August 2023
35,512 
Charge for the year
16,967 
On disposals
(6,412)
At 31 July 2024
46,067 
Net book value
At 31 July 2024
22,017 
At 31 July 2023
29,617 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,688 
122,106 
Accrued income and prepayments
8,569 
5,027 
69,257 
127,133 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,289 
10,035 
VAT
38,704 
39,490 
Trade creditors
11,075 
5,047 
Taxes and social security
6,970 
37,609 
Other creditors
1,724 
12,054 
Loans from directors
12,592 
4,420 
Accruals
5,332 
4,196 
Deferred income
5,293 
- 
91,979 
112,851 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,773 
19,064 
This facility is supported by the Bounce Back Loan Scheme (BBLS). The lender has a guarantee from the UK Government under BBLS. The loan is repayable over 5 years.
- 7 -
Blink Image Limited Notes to the Accounts for the year ended 31 July 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,166 
6,992 
2024 
2023 
£ 
£ 
Provision at start of year
6,992 
4,173 
(Credited)/charged to the profit and loss account
(1,826)
2,819 
Provision at end of year
5,166 
6,992 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
6,957 
6,060 
Later than one year and not later than five years
19,713 
- 
26,670 
6,060 
11
Average number of employees
During the year the average number of employees was 9 (2023: 9).
- 8 -