REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 12 SEPTEMBER 2023 TO 30 SEPTEMBER 2024 |
FOR |
Blaster Master (SW) Ltd |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 12 SEPTEMBER 2023 TO 30 SEPTEMBER 2024 |
FOR |
Blaster Master (SW) Ltd |
Blaster Master (SW) Ltd (Registered number: 15132542) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 12 September 2023 to 30 September 2024 |
Page |
Balance Sheet | 1 | to | 2 |
Notes to the Financial Statements | 3 | to | 6 |
Blaster Master (SW) Ltd (Registered number: 15132542) |
BALANCE SHEET |
30 September 2024 |
Notes | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Stocks |
Debtors | 6 |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 8 |
Retained earnings |
Shareholders' funds |
Blaster Master (SW) Ltd (Registered number: 15132542) |
BALANCE SHEET - continued |
30 September 2024 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Blaster Master (SW) Ltd (Registered number: 15132542) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 12 September 2023 to 30 September 2024 |
1. | STATUTORY INFORMATION |
Blaster Master (SW) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the company information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover from the rendering of sand blasting is recognised by the reference to the stage of completion of the contract, net of discounts and value added taxes. 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. |
Goodwill |
Tangible fixed assets |
Depreciation is calculated to write down the cost of tangible fixed assets over their expected useful economic lives using the following rates: |
Plant and machinery - 20% reducing balance |
Motor vehicles - 25% reducing balance |
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. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Blaster Master (SW) Ltd (Registered number: 15132542) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 12 September 2023 to 30 September 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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. |
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 measure 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. |
Provisions |
Provisions (ie 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
Cost |
Additions |
At 30 September 2024 |
Amortisation |
Charge for period |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
Blaster Master (SW) Ltd (Registered number: 15132542) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 12 September 2023 to 30 September 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
Cost |
Additions |
At 30 September 2024 |
Depreciation |
Charge for period |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 6 |
6 ordinary shares of £1 were issued to form the initial share capital of the company. |
Blaster Master (SW) Ltd (Registered number: 15132542) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 12 September 2023 to 30 September 2024 |
9. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company owed the following amounts to its directors: - |
J C Smith - £54,477 |
This amount was unsecured, interest free and carries no fixed term of repayment. |
The company was owed the following amount from directors :- |
P Owen - £6,967 |
This balance was made up of funds initially introduced of £10,000, debits of £18,279 and credits of £1,312. The maximum overdrawn in the year was £6,967 and the amount was cleared after the year end. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is J C Smith. |