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REGISTERED NUMBER: 05899214 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Black Art Designs Limited

Black Art Designs Limited (Registered number: 05899214)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Black Art Designs Limited

Company Information
for the year ended 31 August 2024







DIRECTOR: J J Stubbs





REGISTERED OFFICE: Unit 24 Broadfields Farm Dunmow Road
Rayne
Braintree
Essex
CM77 6SA





REGISTERED NUMBER: 05899214 (England and Wales)





ACCOUNTANTS: Simpson Forbes Accountants
Unit 6,CherryTree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Black Art Designs Limited (Registered number: 05899214)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 13,463 17,974

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 155,224 118,513
Cash at bank 22,630 39,632
207,854 188,145
CREDITORS
Amounts falling due within one year 6 48,890 43,227
NET CURRENT ASSETS 158,964 144,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,427

162,892

CREDITORS
Amounts falling due after more than one
year

7

(159,761

)

(163,789

)

PROVISIONS FOR LIABILITIES 8 (2,335 ) (3,143 )
NET ASSETS/(LIABILITIES) 10,331 (4,040 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 10,231 (4,140 )
SHAREHOLDERS' FUNDS 10,331 (4,040 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Black Art Designs Limited (Registered number: 05899214)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





J J Stubbs - Director


Black Art Designs Limited (Registered number: 05899214)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Black Art Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Black Art Designs Limited (Registered number: 05899214)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 245,216
DEPRECIATION
At 1 September 2023 227,242
Charge for year 4,511
At 31 August 2024 231,753
NET BOOK VALUE
At 31 August 2024 13,463
At 31 August 2023 17,974

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 10,448 12,410
Other debtors 111,818 80,555
122,266 92,965

Amounts falling due after more than one year:
Other debtors 32,958 25,548

Aggregate amounts 155,224 118,513

Included in debtors is £36,333 which is for section 455 tax deposit, this becomes refundable 9 months after the year end in which the director's loan account is repaid.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,975 3,978
Taxation and social security 43,654 37,127
Other creditors 2,261 2,122
48,890 43,227

Black Art Designs Limited (Registered number: 05899214)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,393 26,541
Other creditors 143,368 137,248
159,761 163,789

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,335 3,143

Deferred
tax
£   
Balance at 1 September 2023 3,143
Credit to Income Statement during year (808 )
Balance at 31 August 2024 2,335

9. RESERVES
Retained
earnings
£   

At 1 September 2023 (4,140 )
Profit for the year 24,371
Dividends (10,000 )
At 31 August 2024 10,231

10. RELATED PARTY DISCLOSURES

Interest of £2992 was charged on the director's overdrawn loan account during the year. Austin Motor was owed £2,104 as at 31st August 2024. Both companies are under common control.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J J Stubbs.