Caseware UK (AP4) 2024.0.164 2024.0.164 2023-08-01falsespecialised welding repairs2017falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05512527 2023-08-01 2024-07-31 05512527 2022-08-01 2023-07-31 05512527 2024-07-31 05512527 2023-07-31 05512527 1 2023-08-01 2024-07-31 05512527 d:Director1 2023-08-01 2024-07-31 05512527 c:PlantMachinery 2023-08-01 2024-07-31 05512527 c:PlantMachinery 2024-07-31 05512527 c:PlantMachinery 2023-07-31 05512527 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05512527 c:MotorVehicles 2023-08-01 2024-07-31 05512527 c:MotorVehicles 2024-07-31 05512527 c:MotorVehicles 2023-07-31 05512527 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05512527 c:OfficeEquipment 2024-07-31 05512527 c:OfficeEquipment 2023-07-31 05512527 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05512527 c:ComputerEquipment 2023-08-01 2024-07-31 05512527 c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05512527 c:CurrentFinancialInstruments 2024-07-31 05512527 c:CurrentFinancialInstruments 2023-07-31 05512527 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 05512527 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 05512527 c:ShareCapital 2024-07-31 05512527 c:ShareCapital 2023-07-31 05512527 c:RetainedEarningsAccumulatedLosses 2024-07-31 05512527 c:RetainedEarningsAccumulatedLosses 2023-07-31 05512527 d:FRS102 2023-08-01 2024-07-31 05512527 d:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05512527 d:FullAccounts 2023-08-01 2024-07-31 05512527 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05512527 c:AcceleratedTaxDepreciationDeferredTax 2024-07-31 05512527 c:AcceleratedTaxDepreciationDeferredTax 2023-07-31 05512527 c:TaxLossesCarry-forwardsDeferredTax 2024-07-31 05512527 c:TaxLossesCarry-forwardsDeferredTax 2023-07-31 05512527 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 05512527










Blaker (Specialised Welding Repairs) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 July 2024

 
Blaker (Specialised Welding Repairs) Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Blaker (Specialised Welding Repairs) Limited for the year ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blaker (Specialised Welding Repairs) Limited for the year ended 31 July 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Blaker (Specialised Welding Repairs) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Blaker (Specialised Welding Repairs) Limited and state those matters that we have agreed to state to the Board of directors of Blaker (Specialised Welding Repairs) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blaker (Specialised Welding Repairs) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Blaker (Specialised Welding Repairs) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blaker (Specialised Welding Repairs) Limited. You consider that Blaker (Specialised Welding Repairs) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Blaker (Specialised Welding Repairs) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
22 April 2025
Page 1

 
Blaker (Specialised Welding Repairs) Limited
Registered number: 05512527

Balance sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
106,087
184,176

Current assets
  

Stocks
 5 
385,341
380,708

Debtors: amounts falling due within one year
 6 
1,683,201
1,063,444

Cash at bank and in hand
  
67,905
376,028

  
2,136,447
1,820,180

Creditors: amounts falling due within one year
 7 
(422,894)
(392,865)

Net current assets
  
 
 
1,713,553
 
 
1,427,315

Provisions for liabilities
  

Deferred tax
 8 
(8,712)
(19,665)

  
 
 
(8,712)
 
 
(19,665)

Net assets
  
1,810,928
1,591,826


Capital and reserves
  

Called up share capital 
  
75
75

Profit and loss account
  
1,810,853
1,591,751

  
1,810,928
1,591,826

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
S J Muddle
Director
Date: 16 April 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
Blaker (Specialised Welding Repairs) Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

1.


General information

Blaker (Specialised Welding Repairs) Limited is a private company, limited by share capital, incorporated in England and Wales with the registration number 05512527.
The address of its registered office is Adversane Lane, Adversane, Billinghurst, West Sussex RH14 9EG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
Blaker (Specialised Welding Repairs) Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
Blaker (Specialised Welding Repairs) Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25.00%
Motor vehicles
-
33.33%
Computer equipment
-
33.33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
Blaker (Specialised Welding Repairs) Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 17).

Page 6

 
Blaker (Specialised Welding Repairs) Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
441,617
132,875
3,890
578,382



At 31 July 2024

441,617
132,875
3,890
578,382



Depreciation


At 1 August 2023
296,191
94,125
3,890
394,206


Charge for the year on owned assets
63,089
15,000
-
78,089



At 31 July 2024

359,280
109,125
3,890
472,295



Net book value



At 31 July 2024
82,337
23,750
-
106,087



At 31 July 2023
145,426
38,750
-
184,176


5.


Stocks

2024
2023
£
£

Work in progress
13,734
42,323

Finished goods and goods for resale
371,607
338,385

385,341
380,708



6.


Debtors

2024
2023
£
£


Trade debtors
211,982
319,307

Amounts owed by associated undertakings
1,400,000
700,000

Other debtors
47,448
22,973

Prepayments and accrued income
23,771
21,164

1,683,201
1,063,444


Page 7

 
Blaker (Specialised Welding Repairs) Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
45,859
102,567

Corporation tax
88,125
-

Other taxation and social security
15,317
11,573

Other creditors
240,099
241,659

Accruals and deferred income
33,494
37,066

422,894
392,865



8.


Deferred taxation




2024


£






At beginning of year
(19,665)


Charged to profit or loss
10,953



At end of year
(8,712)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,712)
(20,098)

Tax losses carried forward
-
433

(8,712)
(19,665)


9.


Post balance sheet events

On 1 August 2024, after the year end, the company purchased the trade and assets of Solent Engineering Service Ltd.


Page 8