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Registration number: 10325338

Blank Group Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Blank Group Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Blank Group Limited

(Registration number: 10325338)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

20,000

Tangible assets

5

160,614

157,752

 

160,614

177,752

Current assets

 

Stocks

30,440

42,246

Debtors

714,529

646,911

Cash at bank and in hand

 

941,705

682,203

 

1,686,674

1,371,360

Creditors: Amounts falling due within one year

(1,094,817)

(794,937)

Net current assets

 

591,857

576,423

Total assets less current liabilities

 

752,471

754,175

Creditors: Amounts falling due after more than one year

(4,167)

(14,167)

Provisions for liabilities

(34,811)

(32,897)

Net assets

 

713,493

707,111

Capital and reserves

 

Called up share capital

600

600

Profit and loss account

712,893

706,511

Total equity

 

713,493

707,111

 

Blank Group Limited

(Registration number: 10325338)
Abridged Balance Sheet as at 31 December 2024

For the financial 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:
 

Mr D P Brown

Director

Mr L D Hughes

Director

Mr S C Brown

Director

 

Blank Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales..

The address of its registered office is:
Oystermouth House
Bailey Court
Europa Way
Swansea
SA5 4DE

These financial statements were authorised for issue by the Board on 1 May 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

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

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

 

Blank Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Leasehold improvements

10% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2023 - 24).

 

Blank Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 January 2024

100,000

At 31 December 2024

100,000

Amortisation

At 1 January 2024

80,000

Amortisation charge

20,000

At 31 December 2024

100,000

Carrying amount

At 31 December 2024

-

At 31 December 2023

20,000

5

Tangible assets

Total
£

Cost or valuation

At 1 January 2024

245,829

Additions

29,110

At 31 December 2024

274,939

Depreciation

At 1 January 2024

88,077

Charge for the year

26,248

At 31 December 2024

114,325

Carrying amount

At 31 December 2024

160,614

At 31 December 2023

157,752

 

Blank Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £92,750 (2023 - £113,750).