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Company Registration No. 04572685 (England and Wales)
Blakepoint Limited Unaudited accounts for the year ended 31 December 2024
Blakepoint Limited Unaudited accounts Contents
Page
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Blakepoint Limited Company Information for the year ended 31 December 2024
Directors
Mr J M H O'Donnell Mr D Gelling
Company Number
04572685 (England and Wales)
Registered Office
Beta Works 1 Tong Street Bradford West Yorkshire BD4 9PW England
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Blakepoint Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,023,531 
1,040,718 
Current assets
Inventories
159,751 
210,103 
Debtors
1,682,150 
728,572 
Cash at bank and in hand
35,859 
309,224 
1,877,760 
1,247,899 
Creditors: amounts falling due within one year
(1,182,679)
(820,301)
Net current assets
695,081 
427,598 
Total assets less current liabilities
1,718,612 
1,468,316 
Creditors: amounts falling due after more than one year
(237,500)
- 
Provisions for liabilities
Deferred tax
(120,789)
(64,070)
Net assets
1,360,323 
1,404,246 
Capital and reserves
Called up share capital
12,000 
12,000 
Profit and loss account
1,348,323 
1,392,246 
Shareholders' funds
1,360,323 
1,404,246 
For the year ending 31 December 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 7 April 2025 and were signed on its behalf by
Mr J M H O'Donnell Director Company Registration No. 04572685
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Blakepoint Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Blakepoint Limited is a private company, limited by shares, registered in England and Wales, registration number 04572685. The registered office is Beta Works, 1 Tong Street, Bradford, West Yorkshire, BD4 9PW, 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 pounds sterling.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land & buildings
1 % - Straight line basis
Plant & machinery
2.5% - Reducing balance basis
Motor vehicles
25% - Reducing balance basis
Fixtures & fittings
15% - Reducing balance basis
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Blakepoint Limited Notes to the Accounts for the year ended 31 December 2024
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or 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.
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.
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.
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Blakepoint Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
731,600 
1,185,026 
34,619 
39,864 
1,991,109 
Additions
- 
5,165 
- 
1,525 
6,690 
At 31 December 2024
731,600 
1,190,191 
34,619 
41,389 
1,997,799 
Depreciation
At 1 January 2024
193,874 
700,909 
21,928 
33,680 
950,391 
Charge for the year
7,316 
12,232 
3,173 
1,156 
23,877 
At 31 December 2024
201,190 
713,141 
25,101 
34,836 
974,268 
Net book value
At 31 December 2024
530,410 
477,050 
9,518 
6,553 
1,023,531 
At 31 December 2023
537,726 
484,117 
12,691 
6,184 
1,040,718 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
472,014 
- 
- Motor vehicles
9,518 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
442,976 
714,094 
Amounts due from group undertakings etc.
1,216,359 
- 
Accrued income and prepayments
22,815 
14,478 
1,682,150 
728,572 
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Blakepoint Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
617,227 
- 
VAT
47,475 
64,219 
Obligations under finance leases and hire purchase contracts
75,000 
- 
Trade creditors
138,096 
217,606 
Taxes and social security
228,620 
340,615 
Other creditors
61,677 
11,106 
Loans from directors
- 
180,000 
Accruals
14,584 
6,755 
1,182,679 
820,301 
Other creditors include advances from an invoice discounting company of £55,212 (2023: £nil) relating to assigned trade book debts of £442,976. The hire purchase contracts are secured on the assets concerned. Bank loans include a loan which is secured by way of a fixed charge over specific fixed assets of the company. Other creditors include a balance which is secured by way of a fixed and floating charge over the assets of the company.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
237,500 
- 
8
Pension commitments
The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £670 (2023: £963) were due to the fund. They are included in other creditors.
9
Average number of employees
During the year the average number of employees was 25 (2023: 27).
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